peer-to-peer lending

Peer-to-peer lending, also known as P2P lending, is a form of lending that connects individual lenders with borrowers through online platforms. It offers an alternative to traditional banking institutions by cutting out intermediaries and allowing individuals to lend money directly to other individuals or businesses. How Peer-to-Peer Lending Works In peer-to-peer lending, borrowers apply for loans through online platforms that facilitate lending. These platforms assess borrowers’ creditworthiness and assign an interest rate based on their […]