LendingKarma is an online service that helps people lend money to the people they already know, also known as person-to-person lending. Lenders love us because we help formalize loan agreements, calculate payments, track and record payments, and send out friendly reminders to borrowers. Borrowers love us because we make it easier for them to approach potential lenders in their social circle, by helping them present a good proposal.
We charge for our custom loan agreement creation and payment tracking service.
We are the most comprehensive service for formalizing and tracking loans for the do-it-yourself person-to-person loan customer. Other services either offer less at a similar price point or are full service at a higher price point.