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On the run up to Christmas, everyone loves a bargain. December is typically a quieter month for loans, so this is good news for potential peer-to-peer borrowers as rates tend to be lower. Conversely January and February are very busy months for loans and therefore rates tend to be higher.
So if you are planning on taking out a loan in the new year, you may get a better deal in December than in January. There are several peer-to-peer companies still offering cashback for new borrowers, so now is a great time to become a peer-to-peer borrower.
Here is the supporting data from ljay.org.uk and you can see the dip starting in September and reaching the bottom in December, before rising quickly in January: