P2P Lending or Peer-to-Peer lending is the latest trend in online lending. A P2P lending platform serves a social marketplace that matches borrowers directly with lenders. It is basically an alternate to the traditional loan facility provided by banking and non-banking financial institutions.
Also referred to as social lending. P2P has evolved into a separate financial sector that serves a diverse range of investors and borrowers, with a wide variety of loans. One of the main reasons behind the unprecedented success P2P lending has achieved is its ability to offer borrowers unsecured loans at exceptionally low rates and secured loans at far better rates than those offered by traditional lending institutions.
At Studio Fintech, we cover all facts of P2P landscape including:
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