Who can borrow
To borrow money through People Capital you must:
- Be enrolled at least half time and pursuing a degree at a
US educational institution.
- Be both a citizen and a resident of the United States.
- Have a valid Social Security number.
- Be at least eighteen and the in your state of residence (which must be a state in which People Capital is
).
How to become a borrower
Anyone who meets our Borrower qualifications can follow these three simple steps to borrow money through People Capital:
Step 1: Register on the platform
Complete the borrower registration and verification process (including providing any requested documentation).
Step 2: Create a loan request
Specify the amount of money you want to borrow, the maximum interest rate you can pay, the
you are looking for, and how long you want the to last.
Step 3: Lenders bid on your loan
People Capital lenders will then on all or part of your loan: they post the amount of money
they can lend and the interest rates they are offering.
Borrower benefits
Our lending platform delivers a full range of flexible, private student loans — including
and
loans,
payment and
.
People Capital's superior methodology for assessing credit risk (via our patent-pending
)
facilitates affordable funding — even if you have no credit history.
Want to learn more?
Our Support Center provides several tools to help you understand better how the People Capital platform
works, such as a list of Frequently Asked Questions and a
Glossary of useful terms.
People Capital strongly recommends that students apply for federal loans and all other sources of financial aid — including grants, scholarships, and Work-Study —
before applying for private student loans. Remember, be conservative. If you have to borrow for college, borrow only what's necessary to cover your college costs.
People Capital recommends that students consult with the financial aid office at their school before submitting a loan request so they are aware of the proper
amount they may be eligible for and of which the school will certify, if the loan is approved.
Don't meet these requirements?
If you do not meet the requirements above to obtain a private student loan, please consider one of our partners:
At CreditCards.com we continuously monitor the credit card market in order to bring you the best credit cards, reviews and credit card offers available online. Credit card offers are displayed side by side so you can easily compare key factors such as interest rates, annual fees as well as other key features. Once you have found the card that is best for you, you can fill out an online credit card application and in some cases even get a credit decision within 60 seconds. At CreditCards.com our goal is to provide a resource where consumers can search, compare and apply for the best credit card offers online.
Prosper is America’s largest online peer-to-peer lending
marketplace for borrowing money and investing in loans. Prosper allows people to invest in each other in a way
that is socially and financially rewarding. Prosper borrowers can list loan requests between $1,000 and $25,000.
The loan term is a 3-year fixed rate, unsecured, fully amortized personal loan. No hidden fees or pre-payment
penalties.