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Lend direct and net 6 per cent

Lending money to strangers might not seem the most sound way of securing an investment return. But, with banks unwilling to lend or borrow, the peer-to-peer lending space is growing rapidly. These companies claim it is a win-win situation: borrowers get a low-cost loan, while lenders get a better rate on their savings. But what are the caveats?

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By Maike Currie,
06 March 2012

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