25
Jan
Borrowers on Peerlend

What are the benefits to the borrower on Peerlend ? P2P Lending

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.

Interest Rates – The second benefit is the reasonable bank-like interest rates. The interest rate is accordingly adjusted up or down based on the term selected.

Speed of Funding – Third, is the speed of funding. Funding typically takes one day to less than a week depending on the size of your loan.

Higher Funding – Rates Finally, the final benefit to the borrower in the peer-to-peer model is that funding amounts have risen over time, and now can be quite substantial ranging from Rs.10,000 to Rs.10,00,000. Obviously funding on the higher end of this spectrum can provide funding for a more meaningful project and or purchase.