Peerform

Borrow for today, invest in tomorrow

Peerform is a peer-to-peer lending platform that connects people who want to borrow money with investors. Peerform provides 3-year terms personal loans ranging from $4,000 to $25,000 online : borrowers create listings for a fixed-rate personal loan and are then funded by investors who chose their target return and build their portfolios. Peerform offers investors a new asset class with which they can diversify and optimize their portfolio. Peer-to-peer lending is an alternative to the banking system that provides better interest rates for borrowers along with better returns for investors, by eliminating intermediation between parties. Peerform was created in September 2010 by a solid team of professionals from financial services, strategy consulting, technology, and consumer products.

Personal loan Investment Business loan Other

About Peerform

Peerform 711 3rd Avenue 6th Floor New York, NY 10017 USA
Contact Email: investing@peerform.com
Phone Number: 646-556-6633

Peerform on WEB

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1.3
57 Platform credit risk rating
0 / 2.25
1.25 / 1.25
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PLATFORM DATA
Max Interest Rate
29.9%
Min Interest Rate
5.32%
Max Investment
999999$
Min Investment
NA$
Max Loan Terms
60 months
Min Loan Terms
30 days
Loan Types
Personal loan Investment Business loan Other
Currencies
USD
Origin of Platform
Secondary market
Yes
Secured on Assets
No
BuyBack Guarantee
No
Platform Membership
Not Available
Launch Date
2010-04-10
Countries to Invest
United States
Exclude restricted area
Not Available
Withdrawal time
5 business days
Target Borrowers
Individuals (P2Ps)
Average Interest Rate
0%
Uniform rate
No
Automated Lending
No
Lending Fees
Percentage
Withdrawal fees
No
API
No
Accepted Payments
Bank Transfer Check
Lending Model
Market
Platform Lending Type
Individual Retail Company
Status
Operating
Time between application and obtaining money
5 business day business days
Min borrower loan
4000$
Max borrower loan
25000$
Countries for borrowing
United States
Borrowing fees
Application fee Late payment fee
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