Peer to peer lending

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Global Peer To Peer Lending Market size was valued at USD 127.24 Billion in 2021 and is projected to reach USD 634.

Peer-to-peer lending is an alternative financing system that enables borrowers to get loans from other individuals without the involvement of a financial institution. P2P lending between lenders and borrowers takes place via various online platforms. That’s why it is also known as social lending.

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All P2P platforms come under the purview of RBI regulations. All players are required to register for a NBFC-P2P license to provide P2P lending services.

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It connects wealthy lenders to creditworthy borrowers. It would be India's first platform with such a high level of automation while lending to individuals. Borrowers get fast money and that too hassle free. So, it's a win win situation. Lenders get higher returns and borrowers get faster loan.

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Peer to peer (P2P) lending is also referred as marketplace lending. The P2P lending industry is among the fastest growing segment in the financial lending market. It is an alternate way of lending money virtually.

Peer-to-peer lending is a form of direct lending of money to individuals or businesses without an official financial institution participating as an intermediary in the deal.

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Lesser operating costs and low market risk propel the growth of the P2P #lending market! Get the sample report free: https://bit.ly/3oMUliJ #P2P lending platform helps in reducing operational costs by decreasing the cost of physical branches, staffing, and maintenance of branches, thus augmenting the growth of the market. Moreover, peer to peer lending platform provides a suitable plan to ensure the #borrower’s repayment process, which reduces the market risk of the investor. With the help o

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