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Features & Pricing
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Peer-to-Peer loans can be a great way to help a member of the family or even a friend in need. Lets review some features and pricing to get a better understanding of how best to use the WikiLoan platform.
Borrower Features
Build the Loan Listing that Works for You!
We make building your loan easy. Just follow the simple steps.
- Set the amount you need: $500 - $25,000
- Set your desired rate
Try it: Loan Calculator »
WikInvite Makes Asking Easy
Asking a relative or a friend for a personal loan can be awkward. Wikinvite makes it easy by allowing you to publish your loan on Facebook, MySpace and Twitter. Now your friends and relatives can participate in a formal loan without pressure.
Automatic Repayment
It is the easiest way to make your payments and offers you complete peace-of-mind in today's busy world. Once you are set up, your loan payment is automatically withdrawn from your checking or savings account on the same date each month. You can 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.
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What's it Cost?
As a borrower, you pay just a $24.95 Borrower Application Fee.
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Lender Features
Secure. Official.
Feel secure when lending to family and friends. Our loan documents are legally binding in all 50 states, and notices and reminders are automatically sent out on your behalf through our system.
Pick and Choose the Good You'll Do
Lend to a family member to consolidate their debt. Lend to a friend that needs a loan for school. Or, browse the loan listings to help other
people in need. WikiLoan puts the power to help in your hands.
Automatic Collection
WikiLoan offers Automatic Payment, which offers Lenders complete peace-of-mind. Not having to remind or ask family and friends to make a payment on a loan is priceless. Once you are set up, loan payments are automatically deposited into your WikiLoan account on the same date each month. You can opt to automatically transfer the payments to you bank account, accumulate money in your account, or even set up transfers at certain thresholds.
What's it Cost?
As a lender, you pay an annual Lender Administration Fee of just $9 per loan of which you are a lender.
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