How it works

Borrowing or lending takes just a few steps, all inside the Peer4Peer mobile app.

For borrowers

1

Sign up

Create an account, verify your email and identity, and connect your bank.

2

Request a loan

Choose $50–$500 (up to $5,000 with Plus), a term, and a single or 5-week payment plan. See your exact total before you post.

3

Get funded

Lenders send offers. Accept one and receive the full loan amount in your Peer4Peer balance.

4

Repay

Payments are auto-debited on the due date. The 4% platform fee is added to your final payment.

For lenders

1

Browse requests

See anonymous requests with amount, term, APR, state cap, credit score and any tip offered.

2

Fund a loan

Make an offer. If the borrower accepts, your card or balance funds the loan.

3

Get repaid

Receive 100% of principal + interest (and any tip) as the borrower repays. No platform fee for lenders.

Lending involves risk. Borrowers may repay late or not at all, and loans are not insured or guaranteed by Peer4Peer Lending, LLC or any government agency.