Peer to Peer Lending Companies

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Peer to Peer Lending Companies
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What are Peer to Peer Lending Companies?
Peer to Peer lending companies or platforms are
intermediaries that connect borrowers looking for
quick capital injection with lenders looking to
earn high returns. P2P lending platforms do so
through the use of cutting edge technology and
innovative capital solutions. P2P lending
platforms are consumer driven and are committed
to providing real world solutions to consumer
issues. The recent RBI notification recognized
P2P lending platforms as NBFC-P2P ( Non Banking
Financial Corporation ), adding further gloss to
an industry already on the rise.
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Function of Peer to Peer Lending Companies

• Peer to Peer lending platforms care just as much
  for the borrowers as they do for the investors.
  Acting as a peer themselves by connecting the two
  peers in a lender and a borrower.
• Peer to peer platforms connect a borrower
  looking to borrow money online with a lender
  looking to invest in exactly his type of profile.
  As such, the companies behind these services
  (called platforms) act as intermediaries
  between the borrowers and lenders.
• Peer to Peer platforms in India offer multiple
  investment opportunities to all investors of
  their platform with returns ranging from 20-35
  depending on the borrower profiles.

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Importance of Peer to Peer Lending Platform

• Peer to Peer lending platforms in India fulfill
  the financial needs of the general public in
  addition to the undeserved category who suffer
  disappointment at the hands of banks.
• With a fairly lenient eligibility criteria, peer
  to peer lending platforms are able to reach out
  to more individuals thereby making a difference!
• Being a marketplace establishment, P2P lending
  platforms leverage this authenticity to offer
  super fast services.
• Borrowers loan applications get approved on the
  same day of applying and the money reaches them
  within 24 hours or so.

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Thank You!
Peer to Peer lending companies offer fast
personal loan to borrowers and provide investor
an easy lend money online platform.
To know more visit our website
https//www.lendenclub.com