P2P
Peer-to-Peer (P2P) Lending is a financial model where individuals lend money directly to borrowers through online platforms, bypassing traditional banks. It offers faster loan approvals, competitive interest rates, and higher returns for lenders.
Key Features of P2P Lending:
- Direct Borrower-Lender Connection – No intermediaries like banks.
- Flexible Loan Terms – Borrowers and lenders negotiate terms.
- Higher Returns – Lenders can earn better interest compared to fixed deposits.
- Risk Management – Platforms assess borrower creditworthiness to minimize defaults.
P2P lending is gaining popularity in India, with platforms offering diverse loan options.