Peerform is an innovative marketplace lending platform. Simply put, Cross River Bank (the lender) brings together borrowers and investors through the Peerform website. Since the platform is internet based, we can keep costs as low as possible, and therefore interest rates lower than the average credit card or personal loan can be offered with the ease of doing everything from your computer. All this translates into lower monthly payments for the borrower along with a well-vetted choice of investment opportunities that provide favorable risk-adjusted returns for the investor.
The loans offered by Cross River Bank through the Peerform platform are three-year unsecured loans (36 fixed monthly payments), and loan amounts range from $1,000 to $25,000 dollars.