Peer to Peer Loans

Borrow £10,000 or More With Proper Finance

Our Lenders

We work with trusted brokers to give you access to a panel of leading lenders well placed to meet your needs.

Harness Peer Power for Flexible Loans

Peer to peer loans offer an effective way to borrow £1,000 to £35,000 at competitive interest rates over 1 to 5 years. The best peer to peer lenders to help you access finance that suit your needs, whether it’s for home improvements, purchasing a new car or tidying up your finances into one monthly payment.

Whilst we do not currently offer peer to peer loans, Proper Finance is a price comparison website and we help you to compare rates across the UK market for a range of financial products. For any type of loan, we are partnered with Lending Expert who work with a number of FCA regulated lenders.

Simply click on the ‘apply now’ button below to check your eligibility and our partners will be in touch with you as soon as possible to process your loan application.


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How Does Peer to Peer Lending Work?

Peer to peer lenders act as middlemen between those looking for a loan and those individuals or companies looking to lend out money and receive a return on their investment.

Borrowers tend to get better rates than with other types of loans, and savers get better rates than if they used a savings account from their local bank.

They are otherwise known as ‘money cupids’ or ‘matchmakers’ offering rates as low as 6.5% for good credit customers and in excess of 30% Representative APR for those with poor credit.

With peer-to-peer lending, your credit score facilitates how much you can borrow and what interest rate you will pay. Borrowers with good credit will pay low amounts of interest and customers with bad credit will pay higher amounts of interest because they have a greater risk of default.

The lenders or investors that use a peer to peer platform can choose whether to lend to those with good or bad credit. So if they decide to take on more risk and lend to those with bad credit, they will receive a far greater return than lending to those with good credit. 



What Is the Eligibility Criteria for a Peer to Peer Loan?

We are currently not offering peer to peer loans, but if you have anything that can be used as collateral or security, we offer a number of effective way to borrow, with affordable rates from just 6.5% APR.

The criteria is:

  • Be over the age of 18 years old
  • Be employed with a regular income (full-time or part-time)
  • Bad credit OK
  • Have a working debit account
  • No recent bankruptcy
  • Have a work mobile phone and email address
  • Collateral required (vehicle or property)

It is important to read all the requirements on any loan product you are wanting to apply for, making sure that you meet any and all necessary criteria.


What Is the Eligibility Criteria for a Peer to Peer Loan?


How Much Can I Borrow With a Peer to Peer Loan?

Proper Finance can help you find loans ranging from £1,000 to £35,000 for a period of 1 to 5 years. The terms include:

  • Loan terms from 1 – 5 Years
  • 1 – 2 Year loans variable rate
  • 3 – 5 Year loans fixed rate
  • Loans also available in Northern Ireland

There are also no early repayment fees if you wish to repay your debts early. In fact, you may save money on the overall cost of your loan since you will accrue less daily interest.


Why Compare Peer to Peer Loans with Proper Finance?

We work with number of leading providers to help you compare rates and get the best loan offer possible.

Peer to peer isn’t the only type of loan if you need to borrow £1,000 or £5,000 loans. We can also help you to compare products such as homeowner loans and secured loans, helping you to use valuable assets or collateral to access money upfront.

Our online application form can be completed in just a few minutes, with applicants receiving an instant decision after this.

We understand how difficult it can be to find the right financial product for you. That’s why we’ve partnered with leading UK lenders to process your application and find the best options that meet your borrowing needs.


How To Apply for a Peer to Peer Loan With Proper Finance

Proper Finance can help to find the loan thats right for you. Although we are not offering peer to peer loans at this moment, we can certainly help you find another more suitable option today. Please note that your property may be at risk of repossession if your loan is not repaid.

Simply complete our online application form and receive a quick decision – and it only takes a few minutes to complete.

If you are successful, we will assist you every step of the way, and your funds will be transferred directly to your debit account within 24 to 48 hours.


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