GROUPLEND REVIEW
Grouplend - Personal Loan
(Which Way To Pay Canada - 16/8/2015)
Grouplend is a new way to borrow money so that you are able to receive funds in your bank account when you otherwise wouldn’t be able to. Grouplend loans are specially designed for financially responsible, creditworthy Canadians. Borrowers should be at least 19 years of age, citizens or permanent residents of Canada, have a minimum of 36 of credit history, a minimum gross annual employment income of $30,000, and a minimum FICO credit score of 690.The application process only takes 2 – 3 minutes and you will receive your personalized quote within a few seconds at an interest rate that is specific to you. Unfortunately, you are not able to find out your interest rate until after you have applied. The rates range from 5.9% - 17.25%.

But who is Grouplend? Grouplend is Canada’s first marketplace lending platform. They strive to give Canadians faster, easier and more affordable loans than citizens would otherwise get from a bank or carrying a balance on a credit card. They try to lower the costs of borrowing because they try to lower the cost of lending. They use technology to match borrowers who seek loans with investors who are looking to earn return on their money. All in a safe, online environment with a personalised service with competitive interest rates. Loans are 3 year personal loans with interest rates that vary.
Grouplend is ranked 4 out of 5. Based on 1 review.

4 Star Rating
    
REVIEW RATINGS EXPLAINED
1 Star: 1 Star RatingPoor
In relation to other products, has performed badly and has little or no worthwhile benefits.
2 Stars: 2 Star RatingBelow Average
Has some features of value, but in comparison to others performs below standard.
3 Stars: 3 Star RatingAverage
A fair product with regards to its competitors - has no outstanding features or benefits.
4 Stars: 4 Star RatingGood
In comparison to other products performs above standard, has beneficial features.
5 Stars: 5 Star RatingExcellent
Performs well above standard in comparison, has exceptional features and benefits.

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Grouplend
PERSONAL LOAN
Grouplend