Anyone who has recently applied for a loan or loan from a bank will have noticed how difficult it has become to convince the bank. A private to private loan is an alternative – because if you get a loan from the bank, the conditions are usually very bad. It is understandable that more and more people prefer to use an Bestbank loan.
Instead of borrowing money from banks, private investors are responsible for raising debt, also known as crowdlending. With an online personal loan, it’s not only faster, it’s also easier. Borrowers and lenders also benefit from the crowdlending principle, since Bestbank investors can invest money and achieve a profitable return.
Securing Bestbank credit from private to private – benefits for borrowers and lenders
In the case of an Bestbank loan from private to private, the potential borrowers make a kind of request on the Internet, the so-called loan project. On Bestbank’s online credit marketplace, you describe what the money, i.e. your personal loan, is needed for and then receive support from various investors with the amount they invest by investing their private money.
This creates advantages for borrowers as well as for investors. Because as a loan seeker you have the chance of a personal loan despite being rejected by a bank and as an investor you benefit from average returns of 5.0%. All in all, Bestbank credit is becoming an interesting alternative to the normal bank.
Business start-ups in particular can benefit from private credit, since they often have no or only very expensive credit granted to them at a bank. Bestbank also provides loans for the self-employed and loans for students, as everyone deserves the chance.
Bestbank personal loan through crowdlending financing
More and more founders are taking the opportunity to have their start-up capital financed by various investors. This means that investors can invest money in loan projects for as little as USD 25.00. The Bestbank principle has proven itself and has already achieved a loan volume of USD 551 million and has over 4.5 million members (as of June 2019).
As a borrower, you describe your personal project and investors have the opportunity to invest the money in the project. The use of the crowdlending model at Bestbank makes sense for both borrowers and investors. Because as a loan seeker you have the chance to get your dream loan and as an investor you can support these projects with profitable returns.
Furthermore, spreading can reduce the risk of loss. This form of financing is a very good opportunity for founders to bridge the first difficult months of self-employment and to get the necessary capital to start up the company.