With PeerCredit, you can agree on the loan details that best fit your financial situation and the conditions of the borrower. We don’t set restrictions on the loan amount, interest rate, loan duration or payment method.
The ranges in the loan calculator are set for technical reasons, namely: loan amount from £10 to £1,000,000 (approximate values are set for different currencies), interest rate from 0% to 200%, duration from 1 to 500 months.
Always keep in mind that a fair interest rate is important for both parties and that the total repayment amount must be affordable for the borrower.
Please be aware that legislation may be in effect that prescribes maximum loan interest rates to protect consumers from loan sharks. For UK legislation on lending companies, see the FCA official website.
Interest earned is subject to taxation.