I have recently been looking at various social lending websites. The idea is that individual lenders lend money to individual borrowers via the social lending website, rather than via the banks. The result is that the lender receive a higher rate of return while the borrower pays a lower rate of interest.
For the sake of this exercise I have opened a lending account on four of the social lending websites to see how they compare:
Funding Circle
Zopa
Ratesetter