4 billion dollars of credit request: How does the bank assess your credit request?

More and more individuals are making their request on the website of Whiteloan Union to obtain credit between individuals, and the total amount of requests has just exceeded 4 billion dollars. Thank you all for your trust! Every day, more and more of you are applying for credit between individuals, without the banks. It’s a new request every 2 minutes!

What is credit between individuals?

credit loan

Appearing in England in 2005, “peer-to-peer lending” as the Anglo-Saxons call it, is emerging as a secure alternative to the classic offer of banks. Individuals who wish to invest can lend part of their savings on the credit platform among individuals. This money can be used to provide consumer credit to households who need to finance one of their personal projects. For example: renovations, buying a vehicle, a nice trip or just because they need a personal loan. This system is intended to be simple and transparent, unlike traditional banks which communicate little on this subject about the money they earn from interest.

Some figures on credit between individuals

Some figures on credit between individuals

Nothing better than figures to give you an idea of ​​the progress of lending between individuals around the world. In the United States alone, peer-to-peer lending platforms generated just over $ 5.5 billion in 2014; including 4.3 billion just for the Lending Club platform, leader on the American market. To continue its development, the company was also listed on the stock market in December 2014, which is good enough for banks.

The future of interpersonal lending looks bright, as shown by the experts of “Research and Markets” who established that the global market for personal lending will represent 40 billion dollars in 2016. For its part Union Loan leader French credit between individuals, makes available on its website the key figures of credit between individuals in real time. It is a real sign of transparency on the activities of the Union Lending platform, which makes data concerning its activity public. Conversely, the banks remain as usual silent on their activities and practices.

How do I apply for credit between individuals?

credit loan

As individuals, you can also apply for a loan between individuals. The procedure is very simple and free, everything is done online on the Whiteloan Union website using the consumer credit simulator. The amount of borrowed capital must be between $ 3,000 and $ 40,000, and repayable over 24 to 72 months. There are many projects open to funding: improvement of your home, purchase of a new or used car, construction of a swimming pool, acquisition of a boat … and many other projects diverse and varied. To fill the simulator, you simply have to answer a few questions and fill in the information requested by it; in less than 5 minutes you will have an answer!

To go further, you can consult our guide of the loan between individuals who will be able to answer all your questions on this subject.