How a Lending Platform Can Benefit Both Borrowers and Lenders

Borrower to investor mode of financial transaction also known as peer-to-peer lending is a type of debt financing that helps individuals to borrow and lend money without the aid of traditional financial institutions. Peer-to-peer loan providers also called P2P platforms facilitate these transactions by helping match borrowers with investors who have the capacity and are willing to fund their loans. These P2P platforms technically offer lower interest rates than most traditional financial institutions, making them an enticing option for borrowers. In addition, P2P lending platforms offer a rather flexible repayment plan compared to more traditional lenders, giving borrowers the opportunity […]

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