Interest Rates for Loan Requests

CommunityLend is committed to transparency in all fees and rates.

At CommunityLend, it is our goal to create a secure and community-oriented environment for people to borrow or lend money at rates that compete well with those they could get from banks and credit card lenders. We aim to do so by creating an auction environment where Borrowers can be directly matched with Lenders interested in funding their Loans.

To facilitate the proper functioning of this System we have set Minimum Interest Rates by credit category for all Loan Requests. These rates are the minimum rates at which we will allow Loan Requests to be posted on the System. These minimum rates are been set by CommunityLend to take into account the probability of default, risks, alternative investment vehicles, and fees. There are a range of minimums based on the characteristics of each Loan within each Credit Rating.

Borrowers may choose to post Loan Requests at rates higher than the Minimum Interest Rate in order to encourage more Lender interest in their Loan Requests. When such a loan reaches full funding, additional Lender Bids may reduce the Borrowers final interest rate as the auction is competitive.

Lenders are discouraged from bidding below the Minimum Interest Rates for Loan Requests in which they are interested and if they do so nonethless they will be advised accordingly.

The CommunityLend Minimum Interest Rates by Credit Rating category are currently as follows:

Credit Rating Categories	Current Ranges for Minimum Interest Rates
AA	6.00% - 6.25%
A	7.00% - 8.00%
B	9.00% - 11.00%
C	12.00% - 20.00%

* THESE RATES ARE SUBJECT TO CHANGE AS MARKET CONDITIONS AND OTHER FACTORS DICTATE. UPDATED RATES WILL BE POSTED HERE BUT WILL NOT AFFECT LOAN REQUESTS ALREADY POSTED OR LOANS MADE.