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Marketlend believe that marketplace or, peer-to-peer lending, is the way of the future and believe in their own services so much so that they put their money up to protect investors.
That’s right; MarketLend invests their own money into the platform to ensure that any possible losses are mitigated and that investors will never lose out.
One of Australia’s most safe and secure lending platforms
If you’re looking for a business loan to make necessary payments, pay staff, buy new equipment, finance and expansion or just get through a rather quiet season – you can get the money you need by using MarketLend’s platform.
Over $12 Million in funding
MarketLend may be smaller that RateSetter and SocietyOne but, they’re certainly growing at a rapid pace and encouraging both investors and borrowers to choose them over other peer to peer lenders.
MarketLend is one of the most advanced and secure lending platforms in Australia and any viable business looking for a loan should consider using their services.
What MarketLend can offer you
MarketLend offer P2P loans from $2,000 to $1 million to Australian businesses with flexible loan terms of up to 72 months. Peer-to-peer loans are funded directly by investors via the platform and any single loan can be funded by more than 100 investors.
What’s MarketLend’s part in all this?
MarketLend is essentially the marketplace platform that brings the borrowers and investors together but, their role certainly goes much further than that too. They will evaluate the borrowers and ensure that they meet a minimum standard in order to be able to apply and have their peer-to-peer loan listed for investors to invest in.
Types of Business Loans from MarketLend:
- Supply chain financing
- Invoice financing
- Asset financing
- Debtor financing
What the Lending Process is Like
As with any other business loan or personal loan from a bank or alternative lender you will have to provide complete and accurate information on your business and yourself as the business owner.
MarketLend’s staff will then proceed to perform the necessary credit checks as well as verify information for accuracy and consistency before approving or declining the loan request.
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In a Nutshell
Let a peer-to-peer loan help you grow your business
If you’re in the market for a business loan you should certainly consider making use of MarketLend’s platform where you’re likely to obtain a lower interest rate on a marketplace loan than with most banks.
These lower rates are made possible by MarketLend’s relatively low operational costs and the fact that investors are already willing and ready to take on the investments – meaning there is no time wasted by a financial services provider having to go out and find the money to make the deal.
A 5 step process to business capital
Your first step is to complete a simple online loan application via MarketLend’s website. Shareholders must provide their personal, contact and business details during the application.
For businesses with more than one shareholder or owner personal information and contact details on all must be provided.
The second step is where MarketLend assesses the application and determines whether you are an eligible candidate for business finance via their platform.
The third step is where your loan request is posted onto their marketplace where investors can bid. During the fourth step investors bid to lend a portion of the loan amount and then finally when your quick cash loan is fully funded your loan is paid to your bank account.
I meet all the requirements but my peer to peer loan application was declined
Meeting all your credit requirements doesn’t automatically mean your loan application will be approved. There are a number of factors we need to look into besides the fact that you meet our entire criterion.
The most common reason is usually the client’s affordability. If we find that you have a number of credit plans that you are already paying for, we might have to decline your credit request. There is nothing stopping you from applying for a peer to peer loan in the future after you have paid off some of your other expenses.
Can I pay my peer to peer loan earlier?
If you have an excess of money within your disposal and would like to pay your loan earlier than expected, you are welcome to do so. There will be charges due to the customer. If anything, we appeal to clients who are able to pay their loans earlier to do so as it increases your credit score.
When you are looking for credit in future for whatever sense of emergency you might be in, a high credit score will work in your advantage.
Eligibility & Requirements
Other Products & Services
- Peer to peer loans
Customer Reviews & Testimonials
MarketLend has the best agents; they made sure that I was assisted with everything I needed to know about my peer to peer loan application.
— Canberra —
Thanks to MarketLend, I know have a peer to peer loan I can actually afford to pay off.
— Alice Springs —