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Bin your bank

The financial crisis and its aftermath have frustrated both investors trying to get a decent rate on their money and borrowers looking for alternatives to bank finance. But peer-to-peer lenders have increasingly been filling the gap for both groups over the past few years. Peer-to-peer lenders bring together potential lenders and borrowers via their websites, offering terms that often beat what banks can offer. For the investors lending the money, this can mean a return on their cash of anything between 3 and 10 per cent, and sometimes more.

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By Leonora Walters,
07 December 2012

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