Bondora: Small entry barriers make P2P attractive
European peer-to-peer lending platform Bondora has claimed that small entry barriers and low operational costs make P2P lending particularly attractive to retail investors.
The platform said that it allows investors to get started with an investment as low as €1 (£0.88), adding that this is one of the top reasons why individual investors will consider P2P lending as their primary investment option.
“Starting with P2P lending is easy,” Bondora said in a blog post.
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“All you have to do is open a free account, add money to your account, and select your risk-rating that you’re comfortable with or choose the suggested options.
“Depending on the platform, you will start earning returns immediately and can withdraw your money whenever you want.”
Most UK-based P2P platforms require a minimum investment of between £100 and £1,000, although some platforms have higher or lower requirements.
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Property lending platform Assetz Exchange is believed to have the lowest investment threshold, with a minimum requirement of approximately £1, depending on the property being backed.
Pawnbroking P2P lending platform Unbolted has a £5 minimum, as does ethical lending platform Abundance Investment.
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