What is p2p lending?

Peer to peer lending is direct investment without involvement of any financial institute. Commonly peer to peer lending is done through online platform. Both lender and buyer are matched on the platform and then the loan proceeded. Peer to peer lending offers both types of loan secured loan and unsecured loan.

How does p2p lending work?

•             Peer to peer lending is very easy process and has enhanced features. All transactions are recorded and the money is sent through an online platform.

•             Potential buyer interested to borrow loan have to fill the application on an online peer to peer lending platform.

•             Peer to peer lending receive the application then determine the risk factor and then make decision.

•             When application is approved then the applicant can receive available option

•             After that applicant decides on which option they prefer.

Comments

Post a Comment

Popular posts from this blog

What are peer to peer lending Advantages and disadvantages?

  Peer to peer lending is a type of direct lending of funds to consumers and small businesses without the participation of an intermediary in the process. Generally, p2p lending is done using an online platform which matches borrowers with lenders. This type of alternative finance offers some great benefits to both lenders and borrowers. Advantages High returns for investors :   p2p platform typically offers high returns to investors compared to other types of investments.  An accessible source of funding:  this alternative platform is more affordable for some borrowers compared to traditional loan providing financial institutions. The reason could be the low credit score of the borrower or a particular loan purpose. Low interest rate for borrowers:  because of intense competition, these peer to peer loans have a low-interest rate and origination fee. While, peer to peer lending has its benefits, there are a few drawbacks to this as well: No Government protecti...
Read more

Peer to peer lending

Image
  Peer to peer lending  is also referred to as crowd lending or social lending. It was first introduced in the year 2005. There are many popular p2p platforms available in the marketplace. With peer to peer loans people can borrow loans from lenders directly eliminating the middleman. These platforms have been adapted highly as an alternative to traditional financing options. Each platform has its own unique terms and rates which allow transactions. These providers set a variety of interest rates based on the applicant’s creditworthiness. If one wishes to borrow funds, these platforms can match them up with individuals who are willing to lend money to them.  The providers that act behind the scenes are known as platforms and they play the role of intermediaries between the lenders and the borrowers. These  p2p platforms  offer low interest rates compared to the traditional loans. But this depends on different factors including the applicant’s credit rating. Indi...
Read more

Peer to Peer Details

https://kuflinkfinanceservices.blogspot.com/2020/07/innovative-isa-providers.html https://kuflink242700597.wordpress.com/2020/07/04/innovative-isa-providers/ https://michalchal48.tumblr.com/post/622711911163772928/ifisa-providers https://kuflinkfinanceservices.blogspot.com/2020/07/peer-to-peer-loans.html#main https://kuflink242700597.wordpress.com/2020/07/08/best-innovative-isa-providers-service/ https://kuflink.webnode.com/ http://kuflink.mystrikingly.com / https://kuflink.page.tl/
Read more