How Sima Makes Money

May 17, 2020

Borrower Pricing

Sima is free to use for borrowers. When you borrow money from someone, the only cost to you is the interest charged on the loan. The lender will pay fees out of the interest they earn.

Lender Pricing

Sima does not charge for interest-free loans. When you select an interest rate greater than 0%, we collect a portion of the interest income you earn on the loan. Borrowers never pay more than the interest rate you set. The yield you earn on the loans will be lower than the interest rate charged. (See the fee schedule below for details.)

If the borrower repays the loan, you will always make more than you lent. Our fees are only deducted from the interest portion of your received payments.

Rate Charged Sima Fee Lender Earns
0% free! 0%
1% 0.2% 0.8%
2% 0.4% 1.6%
3% 0.6% 2.4%
4% 0.9% 3.1%
5% 1.2% 3.8%
6% 1.5% 4.5%
7% 1.8% 5.2%
8% 2.2% 5.8%
9% 2.6% 6.4%
10% 3% 7%