The basics

• Loaners post things for rent. They get to decide the terms of the rental, including price and security deposit.
• Borrowers ask to borrow things from Loaners. A Loaner can approve or deny any individual request.
• Loanables hides both parties' identies until they both agree to the transaction.
• Loaners and Borrowers handle payment and delivery themselves.
• Loanables provides a rental agreement that protects both parties.
• Loanables charges no fees.

Why use Loanables?

• Make money off the stuff that's gathering dust in your garage, closet, attic, or driveway.
• Save money by borrowing things that you only need infrequently.
• Help the environment by reusing instead of consuming.

To read some frequently asked questions, see below.
To learn more about the company, check out our blog.

 

What happens if a Borrower damages or loses an item?

When you post your item on Loanables, you can set a security deposit in case something happens to your item.  The Loaner gets to decide how much to hold as the deposit (or can choose not to require one at all).

Of course, we encourage Loaners and Borrowers to discuss any potential damage themselves before resorting to the security deposit.  Often they can work out an arrangement that is fair to both parties.  After all, we're all neighbors!

Is the process secure?

Yes!  We never ask for your credit card number or any other financial information.  Read our Security Gurantee to learn more.

Will it be a hassle to meet Borrowers to give them my items?

We think that's the best part!  Neighbors today are much less connected than we used to be.  Loaning stuff out to your neighbors gives you an opportunity to actually meet the people living in your community (and make a little cash at the same time).

How much should I charge for people to borrow my item?

We leave that completely up to you, but here is a pricing comparison list showing how much the rental stores usually charge for many items. We suggest charging much less than this, especially if it's an item that you weren't using anyway!  That way the whole community benefits from a lower-cost option to buying or renting.

Ok, how much does it cost?

It's free!  Loanables no longer charges any transaction fees. To show your support for our cause, we ask that you help us spread the word to your friends and neighbors.

Why should I use Loanables instead of a message board or Craigslist?

When you Loan or Borrow through Loanables, you benefit from our comprehensive and legally-binding loan agreement that protects both parties by laying out the rental terms and covering cases of loss, damage, or injury that might result from loaning something out.  We also allow users to provide ratings & reviews of each other, so that you can borrow and loan with greater confidence.

Wow, that is easy!  How do I get started?

If you have stuff that you want to loan out, just click on the Loan Stuff link at the top of your page.

If you are looking for stuff to borrow, just click on the Borrow Stuff link at the top of your page.