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.

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