Join other individual investment lenders like you; getting started will require the steps articulated here.

  1. Start by registering with a investment lending network as a general member. Through a quick sequence, you can expect to provide your email address that the investment lending network will leverage to keep in touch with you and you will select a user name that will highlight you to your fellow members along with a password.
  2. Upgrade to investor member status by also disclosing simple details that will assist the investment lending network with your identity confirmation, and transfer funds into your new account with the investment lending network. The most common way to transfer funds into your account with the investment lending network is to integrate your bank account with your account at the investment lending network, which should let you to move money back and forth online without incurring any fees. These movements should normally require just a few days. You should also be able to also fund your investment lending account by mailing the network a check detailing your user name or account number, alternatively by wire transfer in accordance with the directions provided via the investment lending network's registration process. Money in your investment lending account does not earn interest until if/when it is lent out to borrowers.
  3. Invest money in Notes: on the investment lending network, you can peruse and search the Notes respective to borrower loan requests that are available for investing money at any point in time, and pick every Note you would like to purchase along with the quantity of which you would like to invest money. Otherwise, you may be able to leverage the investment lending network's proprietary software (if present), which could enable you to enter an amount and usual interest rate of Notes you would prefer to invest money in, and provides a list of Notes meeting such specifications. Should you opt to invest money and focus your investments into a individual Note, your total pay-back will become contingent upon the performance of just that one respective borrower's loan.
  4. Monitor investment loan(s) as they get funded. Subsequent to your investment initialization, your moneys will be retained until such time as the respective borrower loan requests close, at which point the finances will be transferred to the borrowing applicants. During the period in which they're retained in reserve, investor moneys don't earn any interest. If a loan request that you put investments toward does not get 100% financed, or if the borrowing applicant opts not to to accept partial financing, inside of 2 weeks at most, your moneys will be sent back into to your investment lending account and will then be available for more investment or withdrawal. Subsequent to the ending of a loan period and the moneys are sent to the funded members, the investment lending network will tend to the loan, try to withdraw the payment amount every month from the borrower's verified account at their bank, and input your part of these funds into your investment lending account, minus service charge(s) from the investment lending network. Be sure to review the details of the collections process of the investment lending network. Additional details should be available in their prospectus.

Lender members who live in California (USA) must either:

Also, no investor-lender can buy Notes in any quantity beyond 10% of the investor-lender's total net velue, apart from residence, furnishings and vehicle.

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