Peer to peer lending or Robinson Crusoe is developing strongly, especially since the implementation of the regulation on 1 October 2014. Very few platforms are currently in operation but others are only waiting for their approval as intermediary in crowdfunding. start. We chose to compare the conditions of these loan platforms according to 5 criteria.
Compare Robinson Crusoe platforms
And find the financing adapted to your project
Criteria for Comparing Crowdfunding Platforms by Loan
As the sector is still recent, we have not based our comparative analysis on the number of lenders, or the projects already carried out as proposed in our article on the choice of a crowdfunding platform . Instead, we have chosen five operating criteria that seem interesting to compare in order to differentiate competing platforms.
The amount of financing
The amount of eligible funding depends on each platform. Although the law allows loans up to 1 million euros, most platforms limit the maximum amount that can be financed.
Duration of financing
As for the amount, each platform defines a minimum and maximum borrowing time. Thus it is possible to finance projects over periods of 3 months to 60 months.
The borrowing rate
There are two main methods of determining rates:
- Some platforms themselves determine the borrowing rate depending on the duration of borrowing and the risk related to the file. This method roughly corresponds to the method used by the banks. Credit.fr, Lendopolis and Lendix for example work according to this system.
- Other platforms allow lenders to indicate the desired rate and it is an auction system that allows the borrower to make his choice. In some cases the rates may still be capped by the platform. This solution is adopted by Unilend and Finsquare in particular.
The anteriority of companies
Company precedence is an important eligibility criterion for all platforms that require for the most part at least 2 closed accounting years. There is therefore no place for companies to create with this method of financing. At the same time it is conceivable that this criterion makes it possible to ensure the durability of the company and thus the repayment of the loan by the latter.
The platform commission
The commission is always indexed on the success of the “fundraising”. The commission rate is between 3% and 5% of the amount borrowed.
However some platforms charge a management fee on the basis of the capital remaining due in addition.