The Money Platform
Founded in 2015, The Money Platform is an exciting new peer to peer lender that specialises in providing borrowers with short term loans. As the first authorised short term peer to peer lender in the UK, their aim is to cut out the middle man to provide a cost effective, streamlined lending service to UK residents.
With no banks or building societies involved, borrowers loan money directly from other individuals meaning that lenders get a great return on their investments whilst borrowers can find significantly lower interest rates than elsewhere in the short term loans marketplace.
Why Get Your Loan With The Money Platform?
A revolutionary peer to peer lending platform
Borrow up to £1,000 over a term of up to 12 weeks
Receive funds on the same day that you're approved
The Money Platform provides loans of between £250 and £1,000 for a chosen period of between 4 and 12 weeks, depending on affordability. Interest rates typically sit between 0.7% and 0.8% making them highly competitive price wise, however the rate you ultimately receive will be subject to status.
A massive plus of their service is that you can carry out a soft credit check on your application before you formally apply which means that your credit score won’t be affected. The whole initial application takes less than two minutes and, if approved by 3pm, you’ll receive funds on the very same day you apply.