Flexible & Low-cost Loan Marketplace


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We provide:

  • Interest rates starting at 0%

  • For unemployeds, pensioners, students

  • Cash Loans and Credit Card Loans

  • Online approval Free Loans

  • Free Loans for Paying Bills, Debt, Rent

  • Direct Lenders No Brokers

  • Finance for Bad Credit

  • Bitcoin Loans, BTC Lending

What is FinSocial?

FinSocial is a leading peer-to-peer loan platform that brings together individual borrowers and lenders with the goal of giving each person the best deal possible. Using our platform a borrower can quickly receive a loan online without having to wait for loan application approval from a bank. At the same time, a lender can use their capital to grant loans to prospective borrowers and make money from interest payments.

What are P2P loans?

P2P lending is a relatively novel way to borrow and invest money. An online platform that offers peer-to-peer lending services connects borrowers and lenders online. Using the platform, a borrower can apply for a loan and a lender can give his or her money to individual lenders and, in some cases, businesses. Since peer-to-peer lending platforms have low overhead, they are able to drastically reduce the fees associated with traditional loans, allowing borrowers to get loans with low-interest rates and giving lenders a chance to make a high return on their investment compared to traditional investment options.

How does peer lending work?

Peer-to-peer lending is a very simple process that takes out all the problems, bureaucracy and inconvenience of regular loans out of the process, giving you a simple, quick and efficient way to borrow and invest money. First of all, each borrower starts by registering on the FinSocial platform and filling out personal information and other details in the profile. Next, the borrower can fill out a loan request and choose an interest rate for the loan. Once this is done, the loan request is posted on the marketplace where lenders can review the terms of the loan and information about the borrower and decide whether they want to agree to lend their money. The borrower then chooses the lender who offered the best loan terms and agrees to the loan. Next, the money is transferred to the borrower and all that's left is to repay this money back to the lender with the agreed-upon interest.

History of P2P loans

Peer-to-peer lending has a relatively short history. Zopa, a company based in the United Kingdom, pioneered the concept of P2P loans in 2005. The company grew quickly, and in their years of existence, they've helped borrowers to receive nearly 3 billion dollars in loans.

Next, the concept spread to the US, where the first American peer-to-peer lending company called Prosper started operating in San Franciso in 2006. LendingClub soon followed suit - it started out as a Facebook application and today it is the largest peer-to-peer lending platform in the world. At the beginning of P2P lending in the United States, the market was regulated by very few rules. However, regulations were tightened significantly when in 2008 the Securities and Exchange Commission ordered P2P lending companies to comply with the Securities Act of 1933. This caused major obstacles even to the largest P2P lending companies. For instance, LendingClub had to halt operations for 6 months until they could complete their registration with the SEC, while Zopa decided not to enter the US market because of these regulations.

Interestingly, the devastating financial crisis of 2008 played a major role in boosting the popularity of P2P lending. At the time when many banks failed and others were barely staying afloat, financial institutions weren't issuing loans and people turned to P2P lending platforms for financial help. On the other side of the fence, investors were scared of putting money into highly volatile stocks and P2P lending became a much-needed solution that seemed to be less risky than the stock market. Since then, the popularity of peer-to-peer lending has only been rising.

The loan process is very simple

1. Sign Up

Pass an easy sign-up process to be able to apply for a loan

2. Apply for a loan

Simply fill out our interactive loan application web-form

3. Set your interest rate

Set your desirable interest rate - the Lender’s income

4. Wait a little bit

Wait while Lenders evaluate your request and make you an offer

5. Choose a Lender

Select the most attractive rate and chose your Lender

6. Receive the money

Get your approved loan in any convenient way

Benefits of P2P loans

Peer-to-peer lending is extremely quick

One of the main advantages of peer-to-peer lending is the speed with which a borrower can get a loan. If you find yourself in a situation where you need to get money as soon as possible and you don't have time to apply for a loan at a bank or a credit union, peer-to-peer lending is your best choice. Signing up on the platform and filling out a loan application doesn't take long and once that's done, all you have to do is wait for a lender to grant you a loan.

The convenience of peer-to-peer loans

When you choose peer-to-peer lending, you can forget about having to go to your local bank branch, waiting in line, filling out a mountain of paperwork and then waiting for weeks to receive a decision about your loan. Unlike traditional borrowing, peer-to-peer platforms operate online, making the entire process smooth and simple. First of all, you don't need to go anywhere - you can request a loan from your home, work or even from your car - all you need is a smartphone or a laptop and internet connection. Secondly, you don't need to wait in long lines, wait for the bank to open for the day, make multiple trips, or take time off work for those bank visits. All of this can make your stressful life just a little bit easier, which is always a welcome advantage.

No hidden fees

Places that offer quick loans, such as payday loan agencies, are notorious for offering fast loans that come with huge interest rates and massive hidden fees. People who use these financial products once or twice often end up falling into a trap and entering a vicious circle of taking out new loans to repay their old loans precisely because of hidden fees and large interest rates. On the other hand, peer-to-peer lending allows borrowers to get loans with modest interest rates and no hidden fees. Peer-to-peer loans serve to truly help people out in difficult situations and empower them to improve their lives instead of intentionally sucking them into more debt than they had before deciding to take out a loan.

Benefits for lenders

While peer-to-peer lending has lots of benefits over traditional financial products for borrowing and investing money, there are specific benefits that either lenders or borrowers can enjoy. As a lender on a peer-to-peer lending platform, you can earn a much higher return on your investment compared to investments made through banks, credit unions, mutual funds and other traditional investment options. We are able to guarantee these competitive high rates because our platform has extremely low overhead, which means we can take a minimal fee for our services, passing on the savings to you. Another advantage of P2P lending for investors is that you don't actually need to have a large amount of money to start with, unlike investments in stocks and bonds. For instance, you can start lending your money and making a profit when you have just a few hundred dollars to invest. Peer-to-peer lending can be a great way to start your investment portfolio or diversify your existing investments, so you can minimize your risk of losing money and maximize your chance of making a profit. Plus, according to statistical data, peer-to-peer lending is much less volatile than the stock market, which means you can enjoy a lot more stability in loan interest rates and, therefore, your income.

Benefits for borrowers

We've already outlined peer-to-peer lending pros for lenders, but what about borrowers? Why should you choose P2P loans over, say, payday loans, bank loans or credit card advances? There are many reasons and the first one is that we offer competitive loans with low-interest rates to a wide array of people. Are you unemployed, a student or a retiree? If you are, you might face a lot of issues if you apply for a traditional loan at a bank. With us, however, you don't have to worry about getting rejected. We understand that people face different financial situations and that they shouldn't be punished for it, this is why we welcome students, people who are unemployed or retirees who are receiving benefits to our platform.

Another advantage of peer-to-peer loans is the loan rate. At FinSocial, loan rates start at 0% and because we run our business very efficiently with low overhead, we are able to minimize our fees, allowing the borrower to receive a loan with a much smaller interest rate compared to payday loan agencies and the like.

Why is FinSocial better than other platforms?

The borrower is in control

One of the main benefits of FinSocial peer-to-peer lending platform is that we allow the borrower to be in control of the loan, which is practically unheard of in the field. We value our borrowers and want them to feel empowered in their financial situation, this is why we allow the borrower to set the rate for their loan when they fill out a loan request. This way, the borrower can set an interest rate they are comfortable with and lenders can review this request and agree to it if they like the terms that are offered. If the lender wants to propose different terms, they can offer a higher or lower interest rate to the borrower. This way, both the borrower and the lender can get the best possible deal that is fair to both parties.

Ways you can use your loan

Another great thing about FinSocial is that you can use the loan you get on our platform for different purposes. This includes rent payments, bills and even existing debt. One of our main goals is to help each borrower find a way to improve their financial situation by using our services. In addition, we offer loans to people who normally wouldn't be able to get approval at banks and credit unions. This includes people who are unemployed, retirees who receive social security benefits or payments from past employers and students.