Peer to Peer Lending Harmoney NZ: Better Loans using Peer-to-Peer Lending - MywallpapersMobi

Peer to Peer Lending Harmoney NZ: Better Loans using Peer-to-Peer Lending

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the NZ dollar is now starting to settle into a trading range of US68c to US70c and these levels represent a fair equilibrium value

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  • Home
  • peer to peer lending

peer to peer lending

Most P2P loans paying interest rates of 8% to 24.99%

23 Nov 18, 1:18pm
Gareth Vaughan
16 comments
Strong annual growth in peer to peer lending as value of outstanding loans reaches $489 million and write-offs rise 64% to $13.9 million, FMA figures show
More…

Harmoney reaches $1 bln lending milestone

8 Nov 18, 7:45am
Gareth Vaughan
11 comments
Licensed P2P lender Harmoney says it has facilitated loans across New Zealand and Australia valued at $1 billion
More…

Very limited evidence of harm from them to date

12 Oct 18, 10:58am
Gareth Vaughan
1 comment
Interest-free buy now pay later products such as Afterpay, PartPay, Laybuy and Oxipay, to remain outside the CCCFA, MBIE says
More…

New Zealand compared to Estonia & Georgia in fintech report

25 Sep 18, 2:02pm
Gareth Vaughan
Bank for International Settlements highlights the dominance of consumer lending in New Zealand fintech sector
More…

Heartlands reverse mortgage regulatory capital free-pass in Australia

16 Aug 18, 1:05pm
Gareth Vaughan
3 comments
Heartland Bank restructure will leave burgeoning Australian reverse mortgage business free of regulatory capital requirement rules on either side of the Tasman
More…

NZ bank bosses wont be losing sleep over P2P lending

9 Aug 18, 5:00am
Gareth Vaughan
4 comments
Gareth Vaughan conducts a stocktake on just how involved retail investors are in NZ peer-to-peer lending, checking to see if banks are in danger of being disintermediated
More…

Heartland eyes NZ & Aust growth opportunities outside bank regulations

1 Aug 18, 9:53am
Gareth Vaughan
13 comments
Heartland Bank unveils restructure plans to remove business growth constraints currently arising from Reserve Bank regulations
More…

Harmoney becomes a lender

16 Jun 18, 9:20am
David Hargreaves
7 comments
Peer to peer lending facilitator Harmoney is to begin lending money through its own online platform
More…

Commerce Commission wants compensation for Harmoney borrowers

21 May 18, 10:31am
Gareth Vaughan
3 comments
Judge rules Harmoneys platform fee is a credit fee, doesnt accept the relative novelty of peer-to-peer lending should preclude the usual application of the CCCFA
More…

Heartland Bank eyes fully automated online deposit platform

21 Feb 18, 11:40am
Gareth Vaughan
Heartland Bank says its behind more than 60% of the new Australian reverse mortgage business being written and provides about one-third of Harmoneys funding
More…

Is peer-to-peer lending just backdoor banking?

2 Dec 17, 6:26am
Gareth Vaughan
15 comments
FMA statistics show the fledgling NZ P2P lending sector is serving banks and fund managers well, but more needs to be done for retail investors and SMEs, Gareth Vaughan argues
More…

In China more regulation does not mean more enforcement

18 Nov 17, 7:11am
Guest
George Friedman takes a look at Chinese authorities efforts to keep the countrys burgeoning financial sector in check and highlights the extent of the challenges they face
More…

Were like a broker or financial adviser P2P lender Harmoney says

16 Nov 17, 10:23am
Gareth Vaughan
5 comments
Harmoney tells court it can charge a fee for its services like a broker that includes profit as Commerce Commission argues there is nothing new or disruptive about what Harmoneys doing
More…

We wouldve hoped to see more than one really big player

6 Sep 17, 7:33pm
Gareth Vaughan
Three years in FMA CEO Rob Everett disappointed theres only one big NZ P2P lender and at the dearth of SME lending being facilitated
More…

How might the Commerce Commission v Harmoney case play out?

1 Sep 17, 3:23pm
Gareth Vaughan
Is Harmoney merely an intermediary or is it really a creditor? Heres a look at the key issues in the P2P lenders fees court case brought by the Commerce Commission
More…

Commerce Commission seeking compensation for Harmoney borrowers

28 Aug 17, 9:55am
Gareth Vaughan
25 comments
Key Harmoney borrowers fee at centre of Commerce Commission court proceedings seeking compensation for borrowers
More…

Harmoney annual loss more than halves as fee income surges

2 Aug 17, 9:57am
Gareth Vaughan
Peer-to-peer lender Harmoney nudging $27 mln of accumulated losses despite drop in annual expenses and surge in fee income
More…

Does the P2P investment fad have a future?

11 Jul 17, 12:37pm
Jenée Tibshraeny
31 comments
Generation Rent Investment Guide episode 3: Peer-to-peer lending platforms compared
More…

Commerce Commission forges ahead with Harmoney fees case

22 Jun 17, 9:35am
Gareth Vaughan
Despite having 2 questions knocked back by a High Court judge, the Commerce Commission says it can get the answers it needs from the 3 questions allowed in its Harmoney CCCFA case
More…

TSB finally comes clean on Harmoney lending

9 Jun 17, 10:24am
Gareth Vaughan
18 comments
TSB Bank says it has lent $50 mln in unsecured consumer lending through P2P lender Harmoney
More…

Pages

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8 Jun 17, 4:37pm
Commerce Commissions Harmoney case narrowed but intact

22 Mar 17, 4:09pm
What happened Wednesday

11

22 Feb 17, 5:38pm
Heartland Bank focus moves to distribution from products

2 Feb 17, 7:38am
NZ FinTech in 2017 – make or break?

15 Dec 16, 4:31pm
Toyota Finance now NZs 2nd biggest non-bank financial institution

21 Nov 16, 4:00pm
What happened Monday

5

4 Nov 16, 10:02am
Fridays Top 10

10

13 Oct 16, 10:25am
Policy decisions are ultimately a matter for the Minister

12 Oct 16, 10:02am
ACTs David Seymour goes into bat for Harmoney

1

21 Sep 16, 5:01am
Goldsmith asks officials to probe Harmoneys concerns

20 Sep 16, 10:14am
Harmoney lobbies Cabinet Minister over fees dispute

20 Sep 16, 5:02am
Were thinking more like a bank

17 Sep 16, 6:02am
People are extremely yield hungry

13

15 Sep 16, 11:35am
Banks want flexibility in being able to respond to peer-to-peer lenders

14 Sep 16, 4:15pm
Newbies keen to join the licensed P2P ranks

29 Aug 16, 10:25am
ComCom challenging Harmoneys fees in court

4

18 Aug 16, 9:55am
Heartland results demonstrate its scalability

1

9 Aug 16, 4:27pm
Harmoney accumulated losses reach $20.4 million

5 Aug 16, 10:00am
Harmoney facing six figure fine

1

1 Aug 16, 9:41am
Harmoney pleading guilty to misleading consumers

16

14 Jul 16, 5:00am
Lending Crowd seeks $5 million

9 Jun 16, 5:02am
TSB on Harmoney, why the secrecy?

7

31 May 16, 8:31am
Kiwis property love affair stunts financial market innovation

38

21 May 16, 5:02am
No plans for new regulation targeting digital disruptors, RBNZ says

5

15 May 16, 7:40pm
Testing times for marketplace lenders

See archive

The comment stream


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Recent comments

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“Pure balderdash. But nobody argues with Economists and central bankers. So, the French government thought nothing of enacting an enormous…
Andrewj
on A review of things you need to know before you go home on Tuesday; car sales drop, Ardern pitches CPTPP to Moon, hydrogen chosen, NZ wins on trade, big bond rate falls, NZD rises, & more

Balyasny Fires 20% Of Its Staff As Hedge Fund Loses Billions; Einhorn Is Down 28% YTD

https://www.zerohedge.com/news/2018-12-03/balyasny…

Andrewj
on A review of things you need to know before you go home on Tuesday; car sales drop, Ardern pitches CPTPP to Moon, hydrogen chosen, NZ wins on trade, big bond rate falls, NZD rises, & more

True, a few commenting in this thread would benefit from a mechanic, from all the whining noises being generated.
RickStrauss
on Car sales enter a sales shadow in November with SUV demand lower, especially for medium-sized SUVs. Commercial demand stays strong

And all that money and more besides get spent on roading and transport. Would you prefer cheap gas and $100/1000kms road user charges…
Pragmatist
on The Commerce Commission will have a year to do a market study on the retail fuel market; more industry probes to follow

The fact that we pay at least $50 per tankful for a medium vehicle in taxes will be conveniently swept under the rug…I mean, report.
Ludwig
on The Commerce Commission will have a year to do a market study on the retail fuel market; more industry probes to follow

Integrated. Now theres an interesting peice of terminology. I’m 43, I remember when everything in society was integrated, it wan’t perfect…
The_4th_estate
on Andrew Crisp appointed CEO of the new Ministry of Housing and Urban Development responsible for KiwiBuild, Housing NZ and the new Housing and Urban Development Authority

Mbie were systematically under resourced through that entire period, I’m suprised they managed to keep the lights on!
The_4th_estate
on Andrew Crisp appointed CEO of the new Ministry of Housing and Urban Development responsible for KiwiBuild, Housing NZ and the new Housing and Urban Development Authority

Jock, are you sure that a recession lags 1 – 2 years the 2-10 curve going negative? I thought it previously was about 2 quarters. Do you…
Yvil
on Equity investors approve of China-US deal, but bond investors dont; US factory data unchanged, others weaker; ECB adjustment; Sydney house prices fall; UST 10yr at 2.99%; oil and gold up; NZ$1 = 69.3 USc; TWI-5 = 73.8

Worth the watch too!
Masher
on Equity investors approve of China-US deal, but bond investors dont; US factory data unchanged, others weaker; ECB adjustment; Sydney house prices fall; UST 10yr at 2.99%; oil and gold up; NZ$1 = 69.3 USc; TWI-5 = 73.8

I’d think about the many, many, many years when my house went up, have another beer and have a huge smile my face
Yvil
on Equity investors approve of China-US deal, but bond investors dont; US factory data unchanged, others weaker; ECB adjustment; Sydney house prices fall; UST 10yr at 2.99%; oil and gold up; NZ$1 = 69.3 USc; TWI-5 = 73.8

Editors’ Choice

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This is the same Commerce Commission that allowed Z to buy Caltex and give Z 50% market share, shouldn’t take too long to use the findings from that…
by: John
on The Commerce Commission will have a year to do a market study on the retail fuel market; more industry probes to follow

The link between bank mortgages and insurance availability should not be understated. An example: as soon as the extent of land elevation reduction (…
by: middleman
on Jenée Tibshraeny on why you should spend more time talking to insurers before buying a property

While I don’t have too much sympathy for investors, I think there are some issues brewing with the private rental market.
In many cases now property…
by: Fritz
on David Hargreaves looks at some of the past impacts of the RBNZs LVR speed limit home loan restrictions and ponders how the latest changes to the LVRs might affect the housing landscape

‘The Trump Organization Planned To Give Vladimir Putin The $50 Million Penthouse In Trump Tower Moscow’ – https://www.buzzfeednews.com/article/…
by: Gareth Vaughan
on DCReports David Cay Johnston says US President Donald Trumps reaction to GM layoffs shows he doesn’t get automakers, technology or his own new tax law

Actually fill a super tanker. However he does seem to be a master of debt and knows how to skin a mark, give credit where it is due.
by: steven
on DCReports David Cay Johnston says US President Donald Trumps reaction to GM layoffs shows he doesn’t get automakers, technology or his own new tax law

In the interests of Adrian Orr’s call for a broader perspective, here’s an article from a couple of years ago; Why banks should be holding more…
by: Gareth Vaughan
on Governor Adrian Orr says RBNZ to impose capital standards on banks that match the public’s risk tolerance

Tax avoiders dream. Time to get out the white board marker and start dreaming up “arrangements”;)
by: HeavyG
on Tax Working Group members Craig Elliffe and Robin Oliver discuss the challenges of creating a comprehensive Capital Gains Tax that excludes the family home

The family home exemption is a mistake on several levels.
Most importantly, it puts yet another disadvantage on renters.
by: Ryan G-M
on Tax Working Group members Craig Elliffe and Robin Oliver discuss the challenges of creating a comprehensive Capital Gains Tax that excludes the family home

If the family home is exempt it’s a mistake. More money will flow into the family home than otherwise would to create very expensive upmarket suburbs…
by: Shoreman
on Tax Working Group members Craig Elliffe and Robin Oliver discuss the challenges of creating a comprehensive Capital Gains Tax that excludes the family home

30% deposit for investors = 17% increase in borrowing capacity compared to 35% deposit.
Places already popular with investors (where investors…
by: Simon
on The Reserve Bank is loosening the speed limits on high loan to value ratio lending and says further relaxation of the rules is likely in future


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Peer to Peer Lending

What are the returns, and is your money safe?

peer to peer lending nz

Updated 19 September 2018

Summary of Peer to Peer (P2P) lending

  • P2P lending offers bank-beating returns on your money, but not without risk. You can earn an estimated 7-9% per annum (Squirrel Money) and ~12-14% per annum (Harmoney)
  • New Zealand has a number of platforms available, with Harmoney being the largest and most active.  
  • As the platforms get more experienced, it is likely their credit assessments (i.e. working out if they should loan to borrowers) improve, protecting investors from losing some or all of their investment. 
  • Squirrel Money protects investors with a ‘Loan Shield’ which is worth understanding if you’re keen to get involved in P2P but want more protection over your money. 

Peer to peer lending
Peer-to-peer (P2P) lending has become something of an underground sensation among investors and borrowers alike. The idea is simple – Kiwis with spare money help other Kiwis looking for a short-term loan with low fees and interest rates. The loans are then managed by websites, acting as online platforms, which (somewhat) cut out the middlemen and embrace the ‘sharing economy’. Firms like Harmoney and Squirrel Money have seen a surge of transactions as people look for lower lending rates and higher investment returns; lenders are told they can receive returns of 8 to 12% per annum while borrowers are lured in with bank-beating personal loans. 

Peer to peer lending can work well as a long-term investment, but before you go all in on this hybrid form of saving, it’s essential you understand how peer to peer lending works as well as its risks and limitations.
 
This is a complete guide to the best peer-to-peer lenders in New Zealand, explaining how the platforms work, how the industry is regulated, what the risks are and how the different players compare. Beyond this page, we’ve reviewed P2P leaders Harmoney and Squirrel Money separately to provide a complete guide to their offering for investors and borrowers. 
 
The Financial Markets Authority regulates peer to peer lending, and only companies on the New Zealand approved peer to peer lender list  can offer such investments. 

In this guide

  • What is peer-to-peer lending?
  • What are the risks – Why P2P isn’t for everyone
  • 10 P2P Must Knows
  • Best Peer-to-peer investment returns  – Harmoney – earn up to 14%, minimum investment $500 and Squirrel Money – earn up to 8.89%, minimum investment $500​ 

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​What is peer-to-peer lending?

Also known as crowd-lending, P2P websites are financial platforms that match borrowers to investors. People apply for loans via a P2P platform’s website, and if they are approved, investors fund the loans charging them an agreed upon interest rate. Investors are enticed by P2P because of above-market interest rates, whereas borrowers are offered lower interest rates compared to finance companies and banks. The P2P platforms replace the bank/lender, funding the borrower with the lender’s money. and charging a ‘matchmaking’ fee by way of a service charge. 

Peer-to-peer lending looks and feels like a bank or finance company term deposit, but it’s very different. If a borrower doesn’t repay, your P2P investment can be reduced. The ensure minimum risk to lenders, P2P platforms have their own credit application criteria. This includes thorough credit checks by third-party agencies and affordability tests. P2P platforms also manage the day-to-day loan repayments and collections process for overdue loans. Bad debt, which arises when a borrower doesn’t repay the loan, is deducted from your investment. 
 
P2P lending may appeal to you if you’re free of personal debt and want a higher return on the money you would otherwise invest in term deposits. If you feel comfortable taking a punt then go for it. You’ll learn a lot more about this niche investing industry while you (most likely, but not guaranteed) beat the returns from banks. Compare the most current interest rates:

Term deposit interest vs peer to peer predicted returns – as at March 2018

  • Best 2-year interest rate: Bank of India, 4.00% per annum (minimum $5,000)
  • Best 5-year interest rate: TSB, 4.05% per annum (minimum $10,000)
  • Peer-to-peer websites: An estimated 7-9% per annum ( Squirrel Money ) and ~12-14% per annum ( Harmoney )

It’s worthwhile noting that the interest you earn from peer-to-peer lending will need to be assessed in your annual tax return. Unlike bank deposit income, P2P lenders in New Zealand do not tax your interest income upfront. 


Know the risks: why peer to peer lending is NOT for everyone

​P2P works for many investors but it isn’t for everyone. The benefits of above-market returns can be outweighed by the risk of having your money invested in an unsecured loan. The primary risk of any investment in P2P is not having your capital repaid, but each P2P platform has strict credit controls to minimise this risk. We’ve outlined everything to consider when looking to invest in peer to peer lending.  

Peer-to-peer is closely regulated
The Financial Markets Authority is heavily involved in the regulation of P2P. Currently, there are only four active players either taking investments or loaning money. Due to the costs of regulatory compliance to set up a P2P platform coupled with the challenge of Harmoney’s dominance in the market, we do not see new players starting up any time soon. 

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10 Peer to Peer Lending Must-Know Facts

P2P platforms vary in the way they operate, but our must-knows below generally apply across the industry. 

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Your cash may not be lent to borrowers immediately

After funding your account, you need to wait for a borrower to make a loan application. Some P2P platforms are more popular than others, so while you wait to fund a loan your cash is not earning any interest. If you’re investing say $10,000, this may take a few weeks to drip feed into available loans.

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Most P2P lending is unsecured – you may not get back what you put in

If you invest your money with a bank and they lend it unwisely, the bank is obligated to repay your investment. With peer-to-peer lending, unless the loan is secured, you are not protected if the borrower defaults. You can’t go after them personally either as the identity of borrowers is always protected by P2P platforms. Any loan default is written off against your investment. Some platforms may have funds set aside to protect against this risk, but the cost will be funded one way or another by your investment. 

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If a peer-to-peer site goes bankrupt, who would manage and collect the loans?

This is a significant risk as the industry is new to New Zealand and it’s reasonable to expect not every platform to stay afloat. By law, the loans are between you and the borrower, so if your P2P platform goes under you’ve still got a right to your money. All platforms have an independent trustee who appoints a backup third-party loan administrator, but such an event would likely disrupt the day to day loan management and collections processes. The details of loans would be passed on, but the collections process could be different, and the changes might cause a rise in defaults as borrowers become aware of the situation. 

P2P lending

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You can’t withdraw your money early

Once you’ve lent your money to borrowers, the term of repayment is fixed. This means that you cannot break the commitment and redeem or withdraw your money early. If a loan was for 36 months, you will receive your money back in equal chunks every 36 months (unless the borrower repays it early, or defaults altogether). If you invest in a fixed-term deposit with a bank, you can withdraw with or without penalty but access to your cash is near immediate. This is not possible with most peer-to-peer lending platforms.

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Horror Stories CAN happen in New Zealand

Peer to peer lending comes in many forms. Some P2P platforms have raised money for business ventures that have later gone bankrupt leaving investors with nothing. In New Zealand, crowd-funding platforms like the Snowball Effect have raised money for projects that have turned sour – the financing of the film Mahana being an example. There is no certainty that future repayments will be made, especially if economic conditions deteriorate, and unsecured loans are usually the last to be repaid by a distressed borrower. Essentially, current economic conditions cannot be relied upon to justify making a medium or long-term investment. 

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P2P providers often deduct the tax from your returns

P2P platforms may deduct tax (RWT) from your investment income. If your investment is around $1,000, it’s likely that your pre-tax earnings every year will be between $50-$150 and the RWT will be deducted at source by the P2P provider. 

p2p lending tips

moneyhub nz

The more a P2P platform has lent, the better its data on lending

The more lending a P2P has undertaken, the better the platform is likely to be in terms of its credit processes. It will have more data, can make better decisions and reduce bad debts for investors.

A P2P platform with a large number of loans is likely to be more efficient and be in a better financial position than a small P2P with a tiny loan book. For example, a P2P with five staff and a $100m loan book is probably more financially secure than a P2P with five staff and a $2m loan book. 

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Your investment can be active or passive

P2P platforms offer different ways to invest. For example, Squirrel Money  is a passive investment – they pick the loans your money goes into and invest accordingly. You simply receive repayment when money is returned by the borrower. This differs to Harmoney  which lets investors pick the loans they want to invest in, and what interest rate they want to receive. Passive P2P offers a ‘set and forget’ approach, whereas active P2P lending tends to grow investor knowledge. What is right for you will depend on your overall interest in Peer To Peer lending. 
​ 

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Diversification is the key to the best returns

Lenders have the best chance of protecting their investment through diversification. If you lend $1,000 to a specific borrower and they don’t repay, you will lose everything the borrower hasn’t repaid. For this reason, P2P platforms encourage splitting up your investment to reduce being overexposed if a loan goes bad. 

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Investors don’t pay fees, but you will be charged in other ways

There is no fee for an investor to join a P2P but both the borrower and lender are charged on both sides of a loan transaction. An investor will usually pay a percentage of either the capital invested and/or a percentage of the interest received. The borrower will pay an application fee and indirectly contribute to the P2P’s margin when interest and capital are repaid. 


Best Buys – Which peer-to-peer lender should I use?

New Zealand’s market is growing fast, with eight players operating as of March 2018. However, we’ve narrowed it down to a clear top three that make up the majority of the market and give the best returns.
 
We’ve listed them below in order of usability, not necessarily returns. The most important difference between the various platforms is how they minimise your risks as a lender. The more loans the platforms have issued, the better their data and the more identifiable bad borrowers become.
 
Each site works slightly differently, but in general the bigger the risk, the higher the return.

harmomey p2p best interest

The biggest platform in New Zealand with the highest average return for investors

​​Current rates: 13% per annum
Historic bad debt rate: 3.05%
Fee: $500
Early withdraw? ​Not permitted
Unlent cash kept in: Heartland Bank
Loan protection offered? Yes, at an additional fee
Min/max lend amount: $3,000 to $70,000 
Money lent so far: ~
$700m
Lenders active:  ~20,000

Risk mitigation. Harmoney converts every $25 invested into one ‘note’, and assigns a maximum of one note per loan. This diversifies your investments, and you have the option of selecting the loans you want to invest in, or using auto-invest. You select your risk type – the lower the risk, the lower the interest rate.

How quickly can you withdraw money? You need to wait out the duration of a loan to be repaid – there is no sell out function. 

Read our detailed Harmoney review here


squirrel money p2p best interest

The second largest P2P with fixed returns and the best loan protection 

Current rates: 7.89% (2-year rate), 8.89% (5-year rate) after fees but before income tax.
Bad debt rate: 0.80%
Fee: Up to 3% p.a. of the loan balance (deducted from gross loan repayment)
Early withdraw? Yes, with a fee of 1% of the loan balance fee (up to a maximum of $50 per investment)
Loan protection offered? Yes, not directly charged to investors, provided by Loan Shield
Minimum and maximum investment in platform: $500 to $2m
Money lent so far: ~$20m
Lenders active: 500-1,000

Risk mitigation. Squirrel Money offers a set rate at the time you put money in. You should receive this, unless there are major problems with the loans.

How quickly can you withdraw money? Its secondary market allows you to exit loan contracts immediately as long as another investor is wanting to buy them. There’s a fee to get your money back, currently set at 1% to a maximum of $50.

Read our detailed Squirrel Money review here


Other P2P Platforms operating in New Zealand

The risks that come with P2P lending make it wise to spread your money around different savings and providers – diversified investment is the best way to limit losses. 

Harmomey and Squirrel Money are not the only P2P sites, although they are the largest. We’ve outlined two other P2P operators in the New Zealand market. These are both a fraction of the size of Squirrel Money and have their own specific lending practices as we outline below. 

We do not believe there to be any further peer-to-peer consumer loan lenders actively operating in New Zealand beyond the three we’ve outlined. The Financial Markets Authority currently lists eight P2Ps  – a couple of operators specialise in mortgage P2P lending. 

zagga p2p new zealand

Secured mortgage lender with periodic investment opportunities
Zagga (formerly Lendme) periodically accepts new loan applications for first mortgage lending, an area of P2P it specialises in. Investment is accepted on a case-by-case basis with the platform focused on sophisticated investors, funding credit-worthy borrowers. Loans range from between $25,000 up to $2 million and are predominantly secured through first mortgage security. Investors fund anything from $1,000 up to the full amount of the loan;  interest rates for investors  are typically between 6% and 10%, depending on their risk appetite and desired return. The company has stated publicly that since launching it has had a sole focus on higher quality loans. All loans issued to borrowers are assigned a risk grade and an associated interest rate, handled by the Zagga credit team. Every loan is supported by loan documentation and the associated security; this information is available to every investor on every loan.

Are you a peer-to-peer guru?
Have you tried peer-to-peer lending? If so, please tell us about your experiences and anything else you think we need to add to this guide. Email us right now – we’d love to hear from you.  

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