The returns vary based on your personal discretion. You determine how much you want to earn on each transaction.

This is dependent on your risk appetite. We recommend you check the historical performance of the borrower, as well as the Borrower’s Lendly Score to understand the available opportunity.

There are Lending opportunities as low as ₦5,000.

Repayments are automatically sent to your Wallet. We will notify you via email immediately, so you can decide to withdraw to your registered bank account or lend to a new borrower.

The Borrower’s request determines the tenor. It can range from 10 days to 60 days.

You currently cannot liquidate an investment till its maturity date.

No, Peer Lendly does not guarantee repayment for loan requests fulfilled on its platform. We ensure all requests on our platform have very minimal risk and we drive repayments through a direct debit from the borrower’s bank accounts and we have partnered with collections and recovery agents to minimise any defaults. If you are using the platform as a Lender, please be aware of risks that could lead to you losing some or all of the loan amount

Any investment is a risk, the interest rate paid to the Lenders is the compensation for the risk they are taking. Please consider carefully how much risk you can tolerate before fulfilling any Borrower’s request.

To mitigate late or delinquent payments, we take the following measures:

• The identity of each Borrower is verified when they request a loan
• Borrower's need to have at least one bank account connected to their Peer Lendly account at all times from which we automatically withdraw owed payments through a direct debit mandate on the account. This is usually their salary account.
• We analyse their Bank transaction history to ensure they do not request more than what they can afford.

Like many other investments, we understand that there is an element of risk involved with lending money to someone which is why we provide the Borrower's Lendly Score and supporting information to help Lenders make an informed decision based on their comfort level.

Yes, you can give multiple loans as a lender on our platform.

Every Lender gets an electronically concluded Assignment Agreement once the money is given to the Borrower. You can find the Assignment Agreement in your email.

No, you must fund the full amount of the loan requested.