Caja Navarra Introduces P2P Lending Service CAN
Spanish regional bank Caja Navarra is the first bank to offer it’s own customers a p2p lending service. Caja Navarra announced the p2p lending microsite. Caja Navarra markets this new peer to peer lending service as one investment option in a letter to its 400,000 customers.
The service allows any customer to place a loan request which can then be fulfilled by a relative, a friend, an acquaintance or a stranger. Caja Navarra says the borrower can benefit by receiving a lower interest rate than in a traditional bank loan. There are currently 3 loan requests listed (if I understand the site right).
This is the third peer to peer lending service in Spain after Comunitae and Lubbus.
Tags: bank, caja navarra, can, p2p lending, Spain
