Virtual Borrowing

Its not a simulation of a bank or agel investors, neither its an online version of the popular money game Monopoly. Are you looking for more money for your dream house, or for the vacation that you have postponed for three years, or for paying off your credit card debts, or paying off your high interest bank loans. Then you can go for the all new ONLINE LOAN. Wow, tat's pretty cool isn't it.

In recent years, obtaining a loan online has become the fastest and most convenient way to take out a loan, especially a cash advance or payday loan. Before, borrowers were forced to visit payday loan stores and face long lines and unnecessary frustration. Today, a payday loan can be had by filling out a simple online form. You are usually instantly approved for the loan and have cash in your pocket within hours. Online cash advance loans have become the new standard, and they are making it easier for everyone to get the cash they need in a fast and discreet manner.
Whether you have excellent credit, bad credit, credit problems or are rebuilding your credit after a bankruptcy, you can still get an online payday loan. If you are thinking about taking out an online loan, visit one of our recommended lenders and you can be quickly approved and get the payday advance you want at the best possible rate.

Zopa is the world's first online lending and borrowing exchange for individuals, where the banks are shut out. Launched in March last year, the service now boasts 80,000 members, many with strange usernames such as Milkmongoose and Cowgirljo.The concept behind Zopa - Zone Of Possible Agreement – is simple. It matches individuals that want to borrow money with those that are prepared to lend money at a rate which both parties are happy to accept.
The service gives borrowers the opportunity to obtain money at much lower rates than what they would secure from the High Street. For example, loans can be below 5%, compared to the lowest rate of 5.6% available on the commercial market.
But it is lenders, who can put up between £500 and £25,000, that are flourishing under the system, with many finding they are getting better returns for their money than through traditional savings accounts.
Zopa claims that the service is like investing in another asset class, other than shares, property or cash, that will give a portfolio more diversification

Site : http://www.zopa.com/

Statutory Warning : Its only for UK residents

Here’s the way it works at Prosper.com: someone submits a request for a loan with the amount he needs and the maximum interest rate he will pay. Others “bid” on the loan, submitting how much they will loan and what rate they want. They don’t have to bid for the entire loan, of course. Then the bids with the lowest rates are combined to form the full loan. Sounds kind of like eBay, right?
The idea is to gain “reputation” by joining groups on Prosper, like say the PTA or … maybe something like Mensa. Of course, your Experian credit rating is another criteria by which lenders can choose to lend to you or not. Naturally, you have to worry about default, etc. and that’s all covered in Prosper’s Help sections.

Site : www.prosper.com

Statutory Warning : Its only for US residents

OK Guys now i have given you enough idea to sit and day dream. If you are one of those who has plenty of cash and thinking of some good idea to invest, please create such a website(P.s: ill create the website for u too ;) ) . We guys need cash!!!!!!!!!!!!!!!!!!!!! and a good place to borrow. rents are high, chai rates have gone up, we need cash!!!!!!!!!!!1