The following are some of the most common risks: Unfortunately, there are numerous examples of P2P lending platforms where one or more of the things mentioned above have gone wrong and investors have lost money. BrightRates provides unbiased reviews to aid customers make smarter monetary choices. Babyloan. A lot of the best P2P lending platforms in Europe are made from scratch. It is probably the best way to achieve a good P2P investment diversification. So instead of getting financing from banks, the P2P investing platforms make it possible for individuals and businesses to raise money in an alternative way. P2P lending is facilitated on Peer-to-Peer lending platforms, where borrowers and investors meet. Some of the forms of peer to peer lending are; student loans, commercial and real estate loans, payday loans, secured business loans, leasing and factoring. Alternatively, you can also find a platform that offers many different types of loans. Borrowers face no more risks that they would with traditional loans, and the worst P2P loan is better than any payday loan or getting a cash advance on your credit card. Peer-to-peer lending provides some significant advantages to both borrowers and lenders: 1. When you send money to a European P2P lending site, it is often a good idea to send the money in the currency you intend to invest with on the platform. But it is very important to understand that even though P2P lending can be a great addition to your overall portfolio, there are some major risks involved when investing in loans of some of the European P2P lending platforms. If so, it’s your lucky day. Do your research and make the right decision on the kind of loan you require for your type of need. “Classic” p2p lending marketplaces facilitate loans directly between lenders and borrowers (e.g. Once you’ve made a comparison of P2P lending platforms and read some reviews, it’s time for you to choose. Lower interest rates: P… It raised over $900 million from the IPO, but its share price has since dropped 72%. Who can invest via European P2P lending sites? The rankings of the best P2P lending platforms in Europe are made by looking at the risk/reward ratio and the different features available on the platform. Show of hands, who has been caught in the cash advance trap before? At the top of this page, we have collected the industry’s very best P2P lending platforms for investors from around the world. The Future of Social Lending. It is by many even considered the best company in the industry. Online P2P Personal Lending and P2P Personal Loan sites are currently allowing people to connect with one another to get loans, online - with real money and in real time. P2P financing is continuing to grow quickly in the last few years and it is a brand new source of fixed earnings for investors. A link to a review of an individual platform can be found just below the descriptive points about the platform at the top of the page. Investing in P2P lending is a great way to diversify and increase the overall returns on investments of your portfolio. Generally, the larger the transactions the better it is in terms of not wasting your money on various bank fees. In the following you can see some more decent P2P lending marketplaces: While the platforms listed above didn’t make it into the top 10 list of the best European P2P lending platforms, they are also worth considering – especially if you want to use more than one platform. However, as the P2P industry evolves and gets more regulated, banks could very well enter the market. To get involved in them, you have to look for them on your computer online. Here you can simply sort out all the P2P websites that are only available in Europe. But what is the best Peer-to-Peer lending site, you might consider? 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