PeerCredit Friend Loans - FAQs

We help people make their friend and family loans more secure and simple. Learn how PeerCredit Friend Loans work.

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Written by Alexandra Ostertagova

What is PeerCredit Friend Loans service?

A free online loan management tool. Manage your friend and family loans seamlessly.
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Written by Alexandra Ostertagova
Updated over a week ago

Why should I use PeerCredit Friend Loans to manage my loans?

Clear conditions, increased legal security and simplified administration of your friend and family loans.
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Written by Alexandra Ostertagova
Updated over a week ago

How to start using PeerCredit Friend Loans? (Step-by-step)

Register, agree on the loan conditions and start managing your loan. Everything is free of charge.
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Written by Alexandra Ostertagova
Updated over a week ago

Do I pay any fees for using Friend Loans?

No. Using PeerCredit Friend Loans is free.
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Written by Alexandra Ostertagova
Updated over a week ago

Why is the service free of charge?

We don't charge fees because lending between friends is meant to keep money within community.
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Written by Alexandra Ostertagova
Updated over a week ago

How to make a note on payment date? (Step-by-step)

Update your repayment schedule regularly and keep your loan up-to-date.
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Written by Alexandra Ostertagova
Updated over a week ago

How do I upload documents to my friend loan? (Step-by-step)

Store all documents related to your loan at one place.
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Written by Alexandra Ostertagova
Updated over a week ago

How to archive communication about my friend loan? (Step-by-step)

Make your friend loan secure and always use PeerCredit to communicate about your loan with the second party.
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Written by Alexandra Ostertagova
Updated over a week ago

Can I make private notes about my loan?

How to make a private note or commentary about your friend loan.
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How much to loan to or borrow from a friend or family member?

Learn how to set terms that are beneficial for both of you.
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What interest rate to charge on friend and family loans?

The interest rate fully depends on your agreement.
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What if the borrower is late with payments?

Keeping repayment schedule updated prevents late payments. The lender can also send a reminder with a single click.
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Written by Alexandra Ostertagova
Updated over a week ago

How to send a reminder about a payment?

With PeerCredit, you can send a due date reminder with a single click.
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Written by Alexandra Ostertagova
Updated over a week ago

What are the advantages of loans with friends and family?

Loans with friends can help you keep more money within your social network.
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Written by Alexandra Ostertagova
Updated over a week ago