Has anyone used any of the peer to peer lending platforms available in Australia in an investor capacity?
What has your experience been like as an investor? Good / bad?
Example platforms are:
https://www.ratesetter.com.au/
http://www.societyone.com.au/
A new one I just found is market lend which seems to focus on business loans.
https://www.marketlend.com.au/
It's hard to see what size loans are typical though. e.g. do they allow for smaller amounts in the $1k to 20k range? ( I don't think I would want to put all my eggs in one basket ).
I registered and the marketplace seems empty so it is hard to see what size loans borrowers are looking for.
One advantage seems to be that there is more liquidity - i.e. you can sell the loans to other investors.
What has your experience been like as an investor? Good / bad?
Example platforms are:
https://www.ratesetter.com.au/
http://www.societyone.com.au/
A new one I just found is market lend which seems to focus on business loans.
https://www.marketlend.com.au/
It's hard to see what size loans are typical though. e.g. do they allow for smaller amounts in the $1k to 20k range? ( I don't think I would want to put all my eggs in one basket ).
I registered and the marketplace seems empty so it is hard to see what size loans borrowers are looking for.
One advantage seems to be that there is more liquidity - i.e. you can sell the loans to other investors.
