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    Lending Loop

    Lending Loop - SF-Industries

    I came across | Lending Loop | about 5 months ago while i was looking for places to start investing my money and i want to share my experience with it and what i know about it so far..  So that you can know where the best place to invest your money is! Quick overview video i made for Lending Loop: -> HERE <-

     

    Here are some quick but important things to know about Lending Loop: (Found on there website)

    • Lending Loop is Canada's first fully regulated peer-to-peer lending platform focused on small business.

    • There is no fee charged to sign up to the Lending Loop platform.

    • $200 is the minimum amount required to initially fund your Lending Loop account. Once your account is active, you may make deposits of any amount exceeding $200 and any withdrawal exceeding $50.

    • The minimum commitment a Lender can make towards a loan is $25 and all notes are sold in $25 increments.

    The things i love about Lending Loop:

    • It is super simple to use (Very easy to use platform)

    • It is a great place to start learning about investing

    • You are investing / helping Canadian Businesses grow and benefiting the economy

    • Great Interest Rates

    The things i would like to see:

    • A discussion forum for the Lenders

    • That the platform would eligible for RRSP/TFSA

    Overall i would definitely recommend this platform as an Canadian investor, It is great for long term investing.. it is not something you can money Quickly, as the Investment terms are 3-4 years..  over the past 5 months i have made $7.55 so far.. I'm sticking with it and looking forward to seeing it grow!    For a more intensive review i recommend reading this Blog post HERE

    Hope this helps and please let me know in the Comments below if you started using it or if you have any questions!

    Get $25 to start with when you use the Referral code: 9a1476 

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