Peer to peer lending or commonly known as  “P2P lending” is the solution to your financial dilemmas. P2P Lending is known as the practice of lending money to individuals and other businesses online, depending on their qualifications.

What makes it more appealing is that, there is no need for loan applicants to fill out numerous forms, provide series of documents for verification, go to banks and wait in line to pass the application form. Lastly, patiently wait long enough without the guarantee of having their loans approved.

As for banks, if the borrower has a low credit score and the salary doesn’t meet their required minimum, the borrower is automatically disqualified from the loan availment. That is how strict their terms are.

We understand how it can be quite embarrassing if you are to ask money from your family or relatives and friends. This is why there is P2P Lending where online application is very convenient. You won’t also have to endure the embarrassment of asking money from your relatives and friends.

Let us give you a brief explanation why Peer to peer lending is more advantageous than any other lending platforms:

Simple and Fast

As mentioned above, online application is much more convenient and faster. It will only take you few minutes to fill out the online application. You will be guaranteed to receive a reply within the next 24 to 48 hrs. Furthermore, your loan will usually be approved within two to three days.

Typically, you will be asked to submit digitally, your salary slips, identification documents and bank statement. After a phone call verification, your borrowed amount will be processed for approval and then you are good to go!

If you’re in search for the right Loan Provider to help you with your financial needs, then you’ve come to the right place! Here in Vidalia Lending, we don’t require any collateral or charge any hidden fees! You may avail of our services through our online application and receive your borrowed cash within 2-3 days!

Eligibility Criteria is Lower

We are all aware of how banks are very strict when it comes to their criteria of having to approve a specific loan. People who are earning a lower salary, it is even harder for their loan applications to get approved. As for borrowers with lower credit scores, banks will surely reject the application.

However, for P2P lending, you may have your borrowed cash even if your credit score is not good. For first time borrowers, it usually only requires a verification instead of credit score to be approved. You will need to connect your social media to the lending platform and they will be using it as a reference to check your credibility.

Lower Interest and No Hidden Fees

Another good reason to choose a P2P lending platform is that, the interest is very minimal as compared to interests that banks offer. People who have already tried borrowing from banks can attest that once your application has been processed, different fees will also start to be covered.

Online lending are upfront when it comes to their repayment terms and process. These online lending platforms do not usually charge any hidden fees.

Vidalia Lending’s interest rate is lower than other Loan Providers who usually charge as high as 30%. You may borrow up to 500,000 php depending on your qualifications and your chosen type of loan. Application process is fast and easy! If you have further questions, you may visit our help page.