How Borrowing Works, in Detail

1. Build Your Loan Listing

Asking a relative or a friend for a personal loan can be awkward. We help you through the process by building a personalized loan proposal you can use when asking for your loan. It only takes a few minutes to create a loan request using our Loan Calculator.

2. Invite Friends & Family

Our Wikinvite tool makes it easy to publish your loan on Facebook, MySpace and Twitter. Now your friends and relatives can
participate in a formal loan without pressure.

3. Agree to the Terms

We give you a simple legally binding document agreed upon by both you and the lender, which allows you to structure the loan in a way that works for you both.

4. Repay the Loan, Automatically

Once you receive your loan, you can choose to have your loan payment automatically withdrawn from your checking or savings account on the same date each month. You can adjust your preferences to best suit your needs. Opt to pay the minimum payment, or you can select a higher amount in order to chip away at your balance and pay your loan off early.