How Peer-to-Peer Lending Works -

Peer-to-peer (P2P) lending works by connecting borrowers directly with individual lenders through an online platform, bypassing traditional financial institutions. Borrowers apply for loans on the platform, which evaluates their creditworthiness and lists the loan requests for potential lenders to fund. Lenders can choose to invest in these loans, either fully or partially, based on the risk and return profiles. The platform manages the loan disbursement and repayment process, ensuring both parties meet their obligations. This model offers borrowers access to competitive interest rates and flexible terms, while lenders benefit from higher potential returns on their investments.

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