For Borrowers

Get the Funds You Need, From Real People

Borrow up to $1,000 from community lenders. Set your own terms, choose your repayment date, and tip what you feel is fair. No mandatory interest.

Fast
Same-Day Funding
0%
Mandatory Interest
$1K
Max Loan Amount

Why Choose Peernet?

We've reimagined borrowing to be faster, more transparent, and more human.

No Mandatory Interest

Choose how much to tip your lender as a thank you. It's optional and completely up to you.

Community-Powered

Real people helping real people. Borrow from community members who want to support you.

Set Your Own Terms

Choose your repayment date and amount. You're in control of when and how you pay back.

Lightning Fast

Get funded the same day. No waiting weeks for bank approvals or processing.

Build Your Reputation

Pay back on time to improve your Peernet Score and get access to future loans faster.

Any Purpose

Emergency expenses, bills, purchases - use the funds however you need. No restrictions.

How Borrowing Works

Get funded in 4 simple steps. The entire process takes less than 10 minutes.

1

Create Your Request

Set how much you need, when you'll pay it back, and share why you need the loan.

  • Choose loan amount (up to $1,000)
  • Set your repayment date
  • Explain your purpose (optional)
2

Choose Your Tip

Decide if you'd like to tip your lender. It's optional but helps show appreciation.

  • 100% optional - you decide
  • Higher tips attract more lenders
  • See what others typically tip
3

Get Funded by Lenders

Community lenders browse requests and choose to fund loans that resonate with them.

  • Multiple lenders can fund you
  • Typically funded within hours
  • Identity & basic verification required
4

Receive & Repay

Get funds instantly, then pay back by your chosen date to build your reputation.

  • Instant transfer to your account
  • Repay by your chosen date
  • Build your Peernet Score

Build Your Borrowing Power

Start small, pay back on time, and unlock higher limits. Your reputation is your credit.

TIER 1
New Borrower
Starting out on Peernet
Up to $250
Maximum loan amount
  • First-time borrower status
  • Funding time: 12-24 hours
  • Basic identity verification
  • Build your Peernet Score
HOW TO ADVANCE

Complete 2 successful loans with on-time repayment

TIER 2 - POPULAR
Trusted Borrower
Proven track record
Up to $500
Maximum loan amount
  • 2+ successful loans completed
  • Funding time: 4-8 hours
  • Priority in lender feeds
  • Good Peernet Score badge
HOW TO ADVANCE

Complete 5 total loans with perfect repayment history

TIER 3
Elite Borrower
VIP status
Up to $1,000
Maximum loan amount
  • 5+ successful loans completed
  • Funding time: 1-4 hours
  • Featured priority placement
  • Elite Peernet Score badge
TOP TIER

Perfect repayment history = Fastest funding & highest limits

Understanding Your Peernet Score

Your reputation on the platform that determines your borrowing power

+
What Helps Your Score

  • Paying back on or before your due date
  • Completing multiple successful loans
  • Offering fair tips to lenders
  • Positive feedback from lenders
  • Account verification completion

-
What Hurts Your Score

  • Missing your repayment date
  • Partial payments or defaults
  • Multiple loan requests without repaying
  • Negative lender feedback
  • Account policy violations
Pro Tip: Start Strong

New borrowers who pay back their first loan early often get funded 2x faster on their second loan. Building trust early opens doors!

How The Tipping Model Works

Flexible amounts and terms to fit your needs and budget.

HOW IT WORKS

The Tipping Model

No mandatory interest. You choose what feels right.

Borrow Up To

$1,000

Request any amount up to $1,000 based on your needs

Optional Tip

0-20%

You decide how much to tip your lender (if any)

  • You control the terms: Set your repayment date (typically 7-35 days)
  • Tips are optional: But offering a tip attracts lenders faster
  • Platform donation: Optional 5% donation helps keep Peernet running
  • Late fee: 10% fee only if you don't repay within 35 days
  • Any purpose: Bills, emergencies, purchases - no restrictions

Loan Requirements

Here's what you'll need to qualify for a loan on Peernet.

Credit Requirements

  • Minimum credit score: 580

    Higher scores qualify for better rates

  • Debt-to-income ratio: <50%

    Lower is better for approval

  • No recent bankruptcies

    Must be 12+ months ago

Income & Documentation

  • Minimum annual income: $30K

    Includes all sources of income

  • Proof of income required

    Pay stubs, tax returns, or bank statements

  • Valid government ID

    Driver's license or passport

Additional Information

Must be 18+ years old and a U.S. citizen or permanent resident. You'll also need a valid bank account for fund transfers. Meeting these requirements doesn't guarantee approval - final decisions are based on overall financial profile.

Ready to Get Started?

Check your rate in minutes with no impact to your credit score. Get the funds you need, the way you need them.