We’ve created a loan marketplace
IOU Central is an internet-based market that enables people to borrow and lend money directly to other people in a secure, convenient, and trustworthy environment.Find out more
Better for investors, better for borrowers
By allowing them to lend money person-to-person, IOU Central offers investors a whole new asset class that was previously unavailable to them. For borrowers, a competitive marketplace means better interest rates.Find out more
Requesting a loan
Someone who needs a small loan posts their loan request on the loan listings board. The loan request includes the borrower’s credit information, the amount they wish to borrow, the term of the loan, and the maximum rate they are willing to pay.Find out more
Investing by lending
Lenders bid on a loan by stating the amount they are willing to lend and the rate they are willing to accept. When the listing ends, the bids with the lowest rates are combined together into a single loan and IOU Central securely transfers money from all of the lenders’ accounts into the borrower’s account. Find out more
Repaying the loan
Every month, IOU Central withdraws funds from the borrower’s account and deposits them into the relevant lenders’ accounts until the loan is repaid.Find out more
