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About is a new website that offers people the chance to apply for and receive a loan in a peer-to-peer format, which provides people with a better chance of receiving the funds they need. 

How Does It Work?

According to their website, the creation of came because the makers realized that traditional banks and lenders seemed either unwilling or unable to provide loans to individuals or small businesses, especially if their credit score was not impeccable. 

To solve this problem, the creators of decided that they would create a peer-to-peer lending service that provided borrowers with an experience that was “clear, fast, and fair,” while providing investors with well-vetted investment opportunities that offered favorable risk-adjusted returns. 

In addition, the website says that they understand that a traditional FICO score is not really the best measurement of risk when considering providing someone with a loan. So instead, they have chosen to use an algorithm called the Loan Analyzer which takes into account a much wider variety of factors to show a clearer, more realistic picture of someone’s risk level. 

To get started, you will need to fill out a detailed personal and financial profile which will be posted on the Peerform marketplace platform. When your loan options come in, you can review them all before choosing to accept one that works the best for you. 

Cost/Price Plans

Filling out your application and submitting it is completely free of charge. If you choose to accept a loan from one of their available lenders, you will be made aware of all fees, your loan’s specific APR, your repayment plan, and all other payment information before you choose to accept the loan and officially sign your paperwork.    

Refund Policy

As a financial institution, this company does not provide traditional Refund Policies. Instead, your individual loan may carry with it a policy which allows you a finite period of time in which to return the principal of your loan without any financial penalty, and back out of your loan conditions. 

Customer Service Contact Info

Customers who would like to contact their Customer Service team with any questions, concerns, or complaints can do so by submitting them to their website through their Contact Us link or through their social media networks.


The Peerform marketplace receives generally positive reviews from financial websites and blogs, specifically because they are willing to make loans to people and businesses with FICO scores that are lower than what would be accepted by larger, more traditional financial institutions.

Unfortunately, many reviewers have also noted that considering their niche format, they still charge fairly high APR rates to their borrowers, which many people find frustrating. Though, as mentioned above, all borrowers have a chance to review all terms of the loan before they choose to accept.     

Competitors and Alternatives?

The opinion that traditional banks are no longer meeting the needs of small businesses and individual borrowers is growing in popularity, and there are many different companies that offer alternatives to large scale lending institutions, including

If you have any experience with this company or their products, please leave your reviews below.

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