Peer-to-peer lending: We do your homework

Here's your guide to the string of new lenders that have opened in Australia.

Summary: Several peer-to-peer lenders have opened in Australia, each with quite a different model. RateSetter and DirectMoney are open to retail investors, while SocietyOne, ThinCats and Marketlend are targeting sophisticated investors at this stage.

Key take out: For investors searching for yield, it’s worth investigating the different peer-to-peer lenders to see if any of them suit you. Returns of around 10 per cent are available – some are even higher, but come with added risk.

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