Borrowing Through Peer to Peer Lending

Borrowing Through Peer to Peer Lending

Sana Tahir

When you look at the monetary globe, an innovative new way of financing has become popular called social financing or peer to peer (P2P) lending. In p2p lending, borrowers are matched with loan providers.

What exactly is Peer to Peer Lending?

P2P is a kind of lending and borrowing between people, minus the part of any traditional economic company like a bank. Then p2p platforms can match you with potential lenders if you need to borrow money. Peer-to-peer businesses (platforms) work as intermediaries between lenders and borrowers. These platforms provide low-interest prices when compared with old-fashioned loans. Read More