« previous next »
Pages: 1 [2]   Go Down

Author Topic: P2P Lending  (Read 14424 times)

0 Members and 1 Guest are viewing this topic.

Offline McTavish

  • Hard Floor Camper User
  • *****
  • Posts: 792
  • Thanked: 65 times
  • Gender: Male
Re: P2P Lending
« Reply #25 on: February 12, 2015, 10:14:31 PM »
Sorry - missed the price guide hiding down the bottom of the page on the web site.  Low/no fees...   

Rates all look ok and nothing too scary there.   Fixed rate is handy as rates are historically very low. 

Again - might of missed it - but check how the interest is calculated.   If calculated daily and charged monthly this is the way most banks do it which gives you the opportunity to pay weekly/fortnightly and reduce the balance the interest is being calculated on each time you make a payment.  Of course there are 26 fortnights verse 12 mths so you'd want to make sure the additional payment is going to count towards reducing the interest charge.

Logged
Vacation Camper & McTavish surfboard - what more does a guy need??

Offline robbo1172

  • Soft Floor Camper User
  • ****
  • Posts: 325
  • Thanked: 25 times
  • Gender: Male
  • I owe, I owe, it's off to work I go...
Re: P2P Lending
« Reply #26 on: February 20, 2015, 10:51:31 AM »
So I did my research as best I could and took the plunge and applied for an unsecured personal loan through SocietyOne.

All done on-line with one quick call from one of their people, pretty painless really.

Went from 19% where we were to 10.8% with no fees at all.

Money went in the bank in a couple of days.

Overall pretty happy to be saving some money :)

Robbo

ps. Sorry Jeepers, I know you have shares in GE but an 8.2% discount is a pretty big carrot  :D
« Last Edit: February 20, 2015, 10:53:15 AM by robbo1172 »
Logged
Live as if you were to die tomorrow. Learn as if you were to live forever. - Ghandi

http://www.rockfactor.com.au

https://www.facebook.com/rockfactorduo

Offline McTavish

  • Hard Floor Camper User
  • *****
  • Posts: 792
  • Thanked: 65 times
  • Gender: Male
Re: P2P Lending
« Reply #27 on: February 21, 2015, 12:19:03 AM »
Good outcome Robbo - now comes the bit where you get stuck in and pay the sucker off as quick as you can !!   Thanks for posting an outcome and well done on the rate.   
Logged
Vacation Camper & McTavish surfboard - what more does a guy need??
Pages: 1 [2]   Go Up
« previous next »