Press Release: Grouplend : Grouplend Cuts Interest Rates as Application Volume Soars

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 16, 2015) - Grouplend, Canada's first marketplace lender for consumers, is further honouring its commitment to giving Canadians a better way to borrow by lowering interest rates for creditworthy borrowers by up to 4%, resulting in an average savings of more than $1,100 on most three-year loans. Having recently surpassed the $30 million mark in loan applications, the company has been able to refine its proprietary credit algorithms to reduce costs, and is passing those savings on to customers.