GOPEER si a 100% Canadian, Toronto-based organization that seeks to improve the financial opportunities to everyday Canadians. goPeer facilitates a regulated online lending marketplace operating at lower costs than traditional banks, passing the savings on to borrowers in the form of lower rates and to investors in the form of solid returns.
The Canadian Securities Administrator has granted permission for goPeer to operate in Ontario and Quebec. Once launched, lenders will be able to invest a minimum of $1,000 into consumer loans in Canada and can choose to do so manually or through an auto-lend option.
Invest as little as $10 per loan and diversify your investments across multiple borrowers. You earn the interest on the loans. Borrowers make fixed monthly repayments with interest, which are deposited directly into your goPeer account.
goPeer connects creditworthy individuals looking for a loan with people looking to invest. As an investor, you can earn attractive returns through monthly installment repayments over the terms of the loans, which could be up to 5 years.