What happens after I apply for a goPeer loan?

After you apply for a loan through goPeer, it could take up to 1 day for offers to begin to appear in your online account. You have up to two weeks to accept an offer online. If no one has stepped up to fund your loan within 30 days, you can accept a partially-funded loan (if offered), extend the listing for up to 15 days or cancel the loan request. After you accept a loan, funds are immediately deposited into your bank account. Note that your bank might have a holding period on large deposits. goPeer doesn't control this.

How do I repay a goPeer loan?

Loan repayments are made via automatic direct debit on a bi-weekly, semi-monthly or monthly basis.

What do goPeer investors know about me? Do they know who I am?

No, according to goPeer, investors will never know your name and personal information. They can only see loan details and related credit risk information.

How does goPeer make money?

goPeer charges borrowers an origination fee, the amount of which is dependent on how much you would like to borrow, your repayment term and your personal credit profile.