Peer 2 Peer Loan App
Peer-to-peer (P2P) lending, sometimes called "social" or "crowd" lending, is a type of financing that connects people or entities willing to loan money with people or businesses that want to borrow money. As an alternative to traditional financing, a financial tech company creates an online platform that matches loan applicants directly with investors. Your rate and terms (and whether you qualify in the first place) are still based on common factors that other lenders consider like your credit score, credit history, and income.
Peer-to-peer (P2P) lending platforms offer themselves an easy solution to borrow money for short-term requirements. This could be buying consumer electronics, medical emergency, repay credit card dues, home renovation, business loan, travel loan, or other such needs. Consumers find it easier to borrow from P2P lending platforms compare to traditional Financial Companies as process and disbursement of the loan amount is quick at P2P lending platforms compared to applying for a personal loan at a bank.
The Peer 2 Peer Loan App has been developed to provide a completely digital, friendly and fast P2P lending service for consumers. The App can be customised for the P2P lending company.