Want to lend your money directly to borrowers and earn a return? Peer-to-peer (P2P) lending apps let you do just that! These apps, also called online lending marketplaces or crowdfunding platforms, connect investors with borrowers. With features like easy account setup, user-friendly interfaces, and a wide variety of loan options, these apps make it simple to diversify your portfolio.
Here are the top three apps to get started with P2P lending: LenDenClub, a popular platform with a variety of loan types, SoLo Funds, known for its commitment to financial inclusion, and Prosper, a well-established platform with a strong track record. Ready to start your P2P lending journey? Read on to learn more about these and other top apps!
| App | Logo | Available On | Reviews | Downloads | Features |
|---|---|---|---|---|---|
| 1. LenDenClub |  | Android, iOS | 3.3/5 | 353K+ | RBI-registered NBFC-P2P, Trusted by 1 Cr+ users, Secure fund handling |
| 2. SoLo Funds |  | Android, iOS | 4.3/5 | 450K+ | Access up to $575, Earn money helping others, No credit checks |
| 3. Prosper |  | Android, iOS | 4.8/5 | 149K+ | Quick loan estimation, Next-day funding, Easy loan application |
| 4. Zirtue |  | Android, iOS | 4.3/5 | 146K+ | Automatic repayment, No impact on credit score, Protects relationships |
| 5. PeerBerry |  | Android, iOS | 4.6/5 | 37K+ | High return on investment, Cutting-edge investment tools |
| 6. Pigeon |  | Android | 0/5 | 22K+ | Hassle-free private loans, Automatic loan tracking |
| 7. Lenme |  | Android, iOS | 4.2/5 | 270K+ | No credit score required, 3-minute loan request, Thousands of competing investors |
1. LenDenClub
Lend money to borrowers, Earn attractive returns, Diverse lending options
Download:
Application information
| Category | Finance |
| Downloads | Over 350,000 |
| Features | LenDenClub is a p2p lending app that allows users to lend money to borrowers and earn interest, with features like various lending plans, trusted by over 1 Cr users, and a secure platform. |
| Who It’s For | Individuals looking to invest their money and earn attractive returns through peer-to-peer lending. |
- Tags:
- P2P Lending
- High returns
- Trusted Platform
LenDenClub is a leading P2P lending app that's been praised for its ease of use, quick investment options, and consistent returns. Users appreciate the platform's transparency, clear loan information, and helpful risk management tools. While some have noted that the notification and wallet features could use improvement, LenDenClub's strong customer support and positive staff ensure a smooth and trustworthy experience for those seeking alternative investment opportunities.
Pros & Cons
- Easy and quick investment options
- Great customer support with positive staff
- Transparent and easy-to-use platform
- Provides good returns on investments
- Notification tab not showing notifications
- Wallet feature needs improvement
- Risk management tools could be improved
Why we chose it?
I'd definitely recommend LenDenClub as my go-to app for P2P lending! It's been a great experience for me, especially with their user-friendly interface and diverse lending options like the Lumpsum and Monthly Income Plan. Plus, with a massive user base and a strong track record of returns, I feel confident knowing my money is in good hands.
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2. SoLo Funds
Peer-to-peer lending for members, Access up to $575 quickly, Earn by lending to others
Download:
Application information
| Category | Finance |
| Downloads | Over 450,000 |
| Features | SoLo Funds is a peer-to-peer lending app that allows members to borrow up to $575 with flexible repayment terms, lend to other members and earn interest, and access a SoLo Wallet for financial management. |
| Who It’s For | Individuals seeking alternative financing options, those looking to earn interest by lending to others, and people interested in a community-based financial platform. |
- Tags:
- No Credit Checks
- Earn money helping others
- Access up to $575
SoLo Funds is a peer-to-peer (P2P) lending app designed to connect people in need of financial assistance with those willing to lend. The app allows users to borrow up to $575 on their own terms, with no credit checks required. While users have praised the app for its helpfulness and speed of loan approval, recent updates have caused significant frustration with login issues and bank connectivity problems. These issues have resulted in delays in loan approvals and have left some users unable to access funds when needed, highlighting the importance of a reliable and stable platform in the P2P lending space.
Pros & Cons
- Quick loan approvals
- Easy to use interface
- Helpful for short-term needs
- Peer-to-peer lending model
- High fees and interest rates
- Frequent app updates with bugs
- Long wait times for loan funding
Why we chose it?
SoLo Funds is a fantastic choice for peer-to-peer lending, especially if you value community and flexibility. We're all about helping each other out and avoiding those pesky credit checks. Our app makes it easy to access funds or lend money on your own terms, with features designed to build trust and financial empowerment for everyone.
3. Prosper
Estimate loan amounts quickly, Submit applications in minutes
Download:
Application information
| Category | Finance |
| Downloads | Over 100,000 downloads |
| Features | The Prosper app allows users to apply for personal loans, track loan progress, manage repayments, and access their credit score. |
| Who It’s For | Individuals seeking personal loans and those looking to manage their existing Prosper loans. |
- Tags:
- Fast and easy application
- Competitive interest rates
- Fixed rate personal loans
Prosper is a user-friendly p2p lending app that makes the process of securing a personal loan incredibly smooth. Users have praised the app for its speed and efficiency, with many reporting receiving loan approvals and funds within just a few days. The app allows you to quickly estimate loan amounts and interest rates, and the application process itself can be completed in minutes. While some users have noted that the app could benefit from more features, like the ability to enable/disable autopay directly within the app, the core functionality and the responsive customer service have consistently received positive feedback.
Pros & Cons
- Fast and easy application
- Quick approval and funding
- Helpful customer service
- Can help build credit
- Limited app features
- No autopay enable/disable
- May not be suitable for all
Why we chose it?
Prosper's app is a total game-changer for peer-to-peer lending! It's super easy to use, and I love that it lets me estimate my loan amount and interest rate in just a couple of minutes. Plus, Prosper offers fixed-rate loans with low interest, so I know exactly what I'm paying and how much I'll save over time.
4. Zirtue
Transparent loan details and plans, Autopay to bill service providers
Download:
Application information
| Category | Finance |
| Downloads | Over 146,000 downloads |
| Features | Zirtue simplifies borrowing and lending between friends and family with features like transparent IOUs, automatic bill payments, flexible repayment plans, and relationship-focused tools. |
| Who It’s For | Individuals looking for a peer-to-peer (P2P) lending app for managing loans with friends and family. |
- Tags:
- Easy Money Management
- Zero Interest Loans
- Relationship-Friendly
Zirtue is a game-changing P2P lending app designed to make borrowing and lending between friends and family seamless. Forget awkward conversations and messy spreadsheets – Zirtue streamlines the process with clear, transparent agreements and automatic withdrawals, ensuring both parties can relax knowing repayments are handled efficiently. Unlike traditional loan apps, Zirtue focuses on facilitating personal lending, providing a safe and user-friendly platform for managing money between trusted individuals. This app is a true game-changer, offering a simple, yet powerful solution for navigating the complexities of personal finance within your social circle.
Pros & Cons
- Easy to use and manage
- Streamlines borrowing & lending
- Automatic payments for convenience
- Great for friend-to-friend loans
- Misleading as a loan app
- Not a traditional lender
- Limited to friend-to-friend loans
Why we chose it?
Zirtue is my go-to app for peer-to-peer lending because it takes the awkwardness out of borrowing and lending between friends and family. The clear, transparent repayment plans and ability to set up automatic payments mean I can focus on my relationship instead of worrying about the money. Plus, Zirtue's commitment to ethical lending practices and low interest rates make it the most responsible option for casual lending.
5. PeerBerry
Diversify portfolio with various loans, Invest in loans from different countries
Download:
Application information
| Category | Finance |
| Downloads | Over 36,000 downloads |
| Features | PeerBerry is a p2p lending app that allows you to invest in short-term loans originated by carefully selected loan originators from across Europe, providing potential for higher returns than traditional savings accounts. |
| Who It’s For | Investors seeking to diversify their portfolio and potentially earn higher returns through p2p lending. |
- Tags:
- High return on investment
- Cutting-edge investment tools
- Reliable business partners
PeerBerry, the popular p2p lending app, provides investors with a sleek and user-friendly interface for managing their portfolios. The app offers in-depth analytics and insights not available on the website, allowing users to track their investments and performance with ease. Reviewers praise the smooth experience, intuitive design, and abundance of features, highlighting the app's commitment to providing a comprehensive platform for p2p lending. While users appreciate the current functionality, requests for features like saved filters and dark mode demonstrate the app's potential for continued growth and optimization.
Pros & Cons
- Provides insights and analytics
- Quick access to investment data
- Smooth and user-friendly experience
- Good app with no issues so far
- Lack of filter saving option
- Absence of dark mode feature
- Long wait for app release
Why we chose it?
Hey, I'm a big fan of PeerBerry! It's my go-to app for P2P lending because it's super easy to use and has a great selection of loans to choose from. Plus, their automatic reinvestment feature is awesome, so I don't have to worry about manually reinvesting my earnings. And the built-in buyback guarantee gives me peace of mind, knowing that my investments are protected.
6. Pigeon
Effortless loan tracking and management, Easy money lending to loved ones
Download:
Application information
| Category | Finance |
| Downloads | Over 22,000 downloads |
| Features | Pigeon enables users to create, manage, and track personal loans with friends and family through intuitive tools like loan creation, money transfer, and payment tracking. |
| Who It’s For | Individuals seeking a convenient and secure P2P lending app to manage loans within their social circle. |
- Tags:
- Private Money Lending
- Hassle-Free Loan Management
- Automatic Debt Tracking
Pigeon is a user-friendly P2P lending app that takes the hassle out of lending money to friends and family. With its simple, no-fee interface, Pigeon makes it easy to set up loans, track payments, and ensure everyone is on the same page. Users have praised the app for its smooth operation, clear format, and ability to streamline the loan process, making it a breeze to manage both lending and borrowing with loved ones. Whether you're helping a friend out with a short-term loan or setting up a longer-term arrangement with a family member, Pigeon provides a straightforward and reliable solution.
Pros & Cons
- Easy to use interface
- No fees for transactions
- Great for family lending
- Smooth and efficient app
- Limited features compared
- Security concerns for p2p
- No built-in payment system
Why we chose it?
Pigeon is my go-to app for peer-to-peer lending because it makes everything so simple! I love that I can set my own loan terms and track payments easily, all within the app. Plus, Pigeon's straightforward design and intuitive features make it a breeze to use, which is a huge plus when you're dealing with money.
7. Lenme
Fast loan approvals with no credit checks, Low fees for borrowers and investors
Cost:
Free Plan (Free), Lenme Pro ($9.99/month)
Download:
Application information
| Category | Finance |
| Downloads | Over 269,000 downloads |
| Features | Lenme is a P2P lending app that allows borrowers to access quick, easy loans and investors to earn passive income through lending. |
| Who It’s For | Lenme is ideal for individuals who need access to fast, small loans without strict credit requirements and investors looking for opportunities to earn returns on their money. |
- Tags:
- Quick and easy loans
- No credit score required
- Earn passive income
Lenme is a P2P lending app that aims to simplify the process of connecting borrowers with investors. While praised for its user-friendly interface and quick application process, Lenme is still working out some kinks. Some users have reported issues with loan cancellation and delays in receiving offers, while others struggle to link their bank accounts due to limited support for mobile banking platforms. Despite these challenges, Lenme's core concept of providing a seamless P2P lending experience holds immense potential, and with a few improvements, it could become a leading platform in the market.
Pros & Cons
- Easy to use interface
- Straightforward loan process
- Potential for competitive rates
- Connects borrowers and lenders
- Limited bank compatibility
- Loan cancellation issues
- Slow response times
- Plaid platform issues
Why we chose it?
Lenme is a fantastic option for P2P lending because it's incredibly user-friendly and efficient. I love that I can easily connect with borrowers and investors, and the app's streamlined process makes it a breeze to manage my loans. Plus, Lenme offers competitive interest rates and flexible loan terms, which is a major win for both borrowers and lenders!
8. Instant Cash Advance Loan App
Fast and easy loan access, Connect borrowers and lenders, Transparent and secure platform
Download:
Application information
| Category | Finance |
| Downloads | Over 379,000 downloads |
| Features | This p2p lending app allows users to quickly request and receive cash advances with a streamlined application process and minimal requirements. |
| Who It’s For | Individuals seeking fast access to funds, particularly those with bad credit or unexpected expenses. |
- Tags:
- Fast and Easy Loans
- Bad Credit OK
- 3 Simple Steps
"Instant Cash Advance Loan App" is a game-changer in the world of p2p lending. It's built for speed and simplicity, offering a lifeline when you need cash fast. Users rave about its streamlined application process, often getting approved and funded within the same day. What makes this app truly stand out is its flexible approach to qualifying, often exceeding expectations and proving to be a real lifesaver in a pinch.
Pros & Cons
- Fast and easy application process
- Offers more than needed
- No strict qualification requirements
- Same-day payment
- Not a p2p lending app
- High interest rates
- Potential for debt traps
Why we chose it?
I'm a huge fan of Instant Cash Advance Loan App! It's super easy to use, and I love that I can get a loan decision in minutes. Plus, the app's secure platform and fast transfer times make it a total breeze to borrow money from other people. It's definitely my go-to app for peer-to-peer lending!
9. Possible
Fast cash advances, no credit check, Build credit history, pay over time
Download:
Application information
| Category | Finance |
| Downloads | Over 2 million downloads |
| Features | Possible is a P2P lending app that offers fast cash advances, flexible payment options, credit building tools, and no late fees. |
| Who It’s For | Individuals seeking quick access to funds, credit building options, and a convenient way to manage their finances. |
- Tags:
- Fast cash advances
- No late fees
- Credit Building
Possible is a peer-to-peer lending app that offers quick cash advances, often within seconds, for those in a pinch. While it boasts a high interest rate, users praise its ease of use, quick approval times, and flexible repayment options. Users also find the app helpful for building credit, with some seeing significant increases in their credit scores after making on-time payments. However, it's important to note that the impact on credit scores may vary, and users have reported that paying off loans doesn't always reflect immediately on their credit reports. Despite this, Possible remains a popular choice among those seeking short-term loans due to its convenient features and ability to provide fast financial relief.
Pros & Cons
- Quick approval time
- Flexible repayment options
- Larger loan radius
- Boosts credit score
- High interest rate
- Only one loan at a time
- Credit score impact inconsistent
Why we chose it?
Possible is my top pick for P2P lending apps because it's fast, convenient, and accessible. I love that I can get up to $500 in minutes, even with bad credit, and pay it back over time with no late fees. It's the perfect app for those who need a quick cash advance or want to build their credit history, all while staying on top of their finances.