Benefits to the borrower revolve around speed of the funding, reasonable interest rates, higher funding rates, and the ease of the application process. Easy Application – Put in a few pieces of personal information into an online application and you can be approved literally within minutes. Apply anywhere you have computer access and upon approval wait for you loan to fund. …
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Lenders win by getting returns above market rates and spreading their risk through a variety of transactions. Spreading Risk – With P2P lending, lenders are not big institutions but the majority of loans are filled in much smaller Rs.10,000 to Rs.50,000 increments by individuals like you and I. Investors are attracted to an alternative to the paltry interest rates provided …
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Introduction: A good percentage of people in the world are involved in digitally enabled peer-to-peer exchange. This form of exchange has expanded dramatically in recent years, moving beyond simple retailing and free file exchange to personal, human-intensive services such as hosted accommodation, urban and city-to-city transportation, and peer-to-peer lending.
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Peer-to-Peer Lending is about individuals transacting between themselves for small ticket size personal loans, without the need to go through a financial intermediary such as a bank or any other financial institution. It is an exciting new way and a very efficient model that matches people who want to lend with people who want to borrow, giving everyone a better …
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Historically, barter systems were the only way you could transact. In the barter system, transactions happened face-to-face, and mostly since it was the exchange of physical goods (or gold for goods), and the respective physical assets/items that were exchanged could be instantly checked and verified. In recent times, the growth of the Internet and the proliferation of digital transactions have …
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A good percentage of people in the world are involved in digitally enabled peer-to-peer exchange. This form of exchange has expanded dramatically in recent years, moving beyond simple retailing and free file exchange to personal, human-intensive services such as hosted accommodation, urban and city-to-city transportation, and peer-to-peer lending. Such exchange blurs the line between personal and professional in the provision …
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What is Peer-to-Peer Lending? Peer-to-Peer Lending is about individuals transacting between themselves for small ticket size personal loans, without the need to go through a financial intermediary such as a bank or any other financial institution. It is an exciting new way and a very efficient model that matches people who want to lend with people who want to borrow, …
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