Best websites for do-it-yourself loans
These sites will help you arrange non-bank loans.
Lendingclub.com is a “person-to-person” lending site, promising better rates than those found at a bank. Borrowers set up profiles, share their stories, and obtain loans from willing individuals at a rate calculated by the site.
Prosper.com is similar to Lending Club, but sets interest rates differently. Borrowers choose a maximum rate, which lenders then “bid down” in an auction. Currently in a “quiet period” required for SEC approval.
Virginmoneyus.com manages loans, but doesn’t pair up borrowers and lenders. Rather, it’s a “resource” for friends and family members who are looking to lend money to one another but are unfamiliar with the formalities and paperwork.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Source: Time
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Hamas frees US hostage in deal sidelining Israel
speed read Edan Alexander, a 21-year-old soldier, was the final living US citizen held by the militant group
-
White Afrikaners land in US as Trump-declared refugees
speed read An exception was made to Trump's near-total ban on admitting refugees for the white South Africans
-
RFK Jr.: A new plan for sabotaging vaccines
Feature The Health Secretary announced changes to vaccine testing and asks Americans to 'do your own research'