goPeer: Peer-to-Peer Personal Loans

About goPeer

To understand what goPeer offers, it is essential to get familiar with its mission and services. goPeer aims to create a modern alternative to traditional financial institutions by facilitating peer-to-peer financing.

What is goPeer?

goPeer is the first local peer-to-peer lending platform. Founded in 2020, goPeer’s mission is to simplify access to financing for borrowers while enabling individual investors to enjoy attractive returns. Instead of relying on a bank, goPeer performs underwriting to assess the lending risk, approves only those deemed suitable, and provides additional risk grading and anonymized characteristics to the investors..

The goal of goPeer is to make credit more human, transparent, and advantageous for both parties. With this innovative approach, goPeer establishes itself as a modern alternative to traditional credit.

Services Offered by goPeer

goPeer provides a range of services tailored to meet diverse needs, whether you are a borrower or an investor.

• Peer-to-Peer Personal Loans:
  goPeer offers loans ranging from $1,000 to $35,000 with competitive interest rates starting at 8.99%. These loans can be used to fund personal projects, consolidate debt, or cover unexpected expenses.
• Debt Consolidation:
  Borrowers with multiple debts can consolidate them through goPeer at competitive rates. Debt consolidation helps borrowers combine their debts into one place and potentially secure a more favorable rate.
• Loan Investments:
  For investors, goPeer allows direct investment in personal loans with a minimum investment of $10 per loan. This makes it easy to diversify your portfolio and potentially generate attractive returns.

goPeer's services stand out for their simplicity, speed, and transparency, providing everyone with access to a suitable financial solution.

Benefits of Personal Loans with goPeer

goPeer offers several significant advantages for borrowers seeking quick and flexible financing.

Accessible Loans at Competitive Rates

Interest rates offered by goPeer start at 8.99%, often more advantageous than credit card or traditional loan rates. With a personalized evaluation based on your financial profile, goPeer offers rates tailored to your situation. This ensures fair and transparent loan conditions.

Simplified Application Process

goPeer’s fully digital application is quick and convenient, get started in just a few steps:

1. Answer a few questions to pre-qualify with no impact to your credit score
2. Upon qualification, link your bank account, consent to data collection, and submit your loan application
3. Receive a prompt evaluation and a tailored loan offer (if approved) within 1-2 business days
4. Watch as the loan funds, then get your funds deposited directly into your linked bank account

This approach reduces waiting times and provides swift responses.

Transparency and No Hidden Fees

goPeer is committed to complete transparency. All fees associated with the loan are clearly communicated before finalizing your application. This means no unpleasant surprises or hidden fees, unlike some traditional financial institutions.

The Loan Application Process on goPeer

Borrowing through goPeer is simple and fast. Here's how to apply for a loan:

Steps to Borrow

1. Answer a few questions to pre-qualify, and proceed to a credit score soft check, with no impact to your credit score
2. Upon qualification, link your bank account, consent to data collection, and submit your loan application
3. Receive a prompt evaluation and a tailored loan offer (if approved) within 1-2 business days
4. Watch as the loan funds, then get your funds deposited directly into your linked bank account

Eligibility Criteria

To apply for a loan with goPeer, you must:

• Be at least 18 years old.
• Have a stable and verifiable income.
• Have a minimum credit score of 600.

Why Invest with goPeer?

For investors, goPeer offers a unique opportunity to lend directly to individuals and achieve attractive returns while contributing to tangible projects. goPeer is the only place where retail investors can invest in consumer private credit.

Diversify Your Portfolio

Investing with goPeer allows you to diversify your portfolio by spreading your capital across multiple loans. This strategy reduces overall risk by limiting the impact of potential defaults. Additionally, with a minimum investment of $10 per loan, you can easily diversify your investments.

Attractive Potential Returns

Personal loans through goPeer offer potentially higher returns than traditional savings accounts or bonds. Depending on the level of risk you are willing to accept, interest rates can generate appealing annual returns while supporting the local economy.

Intuitive and Secure Platform

goPeer provides a user-friendly interface for managing your investments. You can track the status of your loans in real-time, receive repayment notifications, and adjust your investments based on your financial goals. Transaction and data security is a priority to ensure a smooth investment experience.

The Investment Process with goPeer

goPeer also simplifies the process for investors.

Steps to Invest

1. Create an investor account.
2. Deposit funds to start investing.
3. Choose the loans to invest in based on your desired risk and return. (you can also configure and enable auto-invest)
4. Receive monthly repayments with interest.

goPeer: An Innovative Solution to Borrow or Invest

goPeer offers a modern alternative for borrowing or investing. With its user-friendly platform, competitive rates, and transparency, goPeer meets the needs of borrowers and investors seeking a flexible and efficient solution.