PeerCredit Friend Loans - FAQs
We help people make their friend and family loans more secure and simple. Learn how PeerCredit Friend Loans work.
14 articles in this collection
Written by Alexandra Ostertagova
Written by Alexandra Ostertagova
What is PeerCredit Friend Loans service?
A free online loan management tool. Manage your friend and family loans seamlessly.
Written by Alexandra Ostertagova
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
Updated over a week ago
Do I pay any fees for using Friend Loans?
No. Using PeerCredit Friend Loans is free.
Written by Alexandra Ostertagova
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
Updated over a week ago
What interest rate to charge on friend and family loans?
The interest rate fully depends on your agreement.
Written by Alexandra Ostertagova
Updated over a week ago
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
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.
Written by Alexandra Ostertagova
Updated over a week ago
Updated over a week ago