What is peer to peer loans? A peer to peer loan is when a regular person gives out a loan to other regular people like you and me. It's a great alternative to traditional bank loans and you may find even lower interest rates with peer to peer loans. There are many different peer to peer loan sites and many different currencies to get the loans in. For example, I signed up to a BTC peer to peer lending site with hopes of getting a loan in the cryptocurrency called bitcoins. However, the more traditional route is to get money in your home country's currency. The lender receives interest on the money he or she gives out and also benefit from knowing that they are helping someone out. They are taking a big risk, because it would be a hassle to get back the money, but with the way these sites are set up, they make it easy to identify the person, prove that they owe the money, and that their credit is up to par. Overall, peer to peer lending can be a reliable source of funding if you would like to go a different route than the traditional bank loans. I would highly suggest looking into it and hopefully you can save money on school loans or any other loan you may need. What is your take on peer to peer lending?