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THE VALUE OF P2P INVESTING LENDING.

It is from the banks that offer loans that most people in need of loans turn to for borrowing. Due to the change in the market a new way of lending has come into place. The new method is being referred to as p2p investing lending. This is where we find individuals who are willing to lend their surplus fuds to those in search of loans. There is an agreed rate of interest that these investors lend the funds at.

This has diversified the lending market by creating new opportunity to wlling investors. The trade is carried out on an online platform where the willing borrowers and investors meet to apply and lend loans respectively. The borrower is only required to fill an online form of application and then your credit report is checked to give a credit score. It is after the application and assigning of a credit score that an interest rate best suited to the borrower is given.

P2plending gives some advantages to both those borrowing funds and also to those lendng their surplus funds as we will discuss here below. The lender of the funds enjoys a benefit of a higher return rate on the funds invested or lent to the borrower. This relies on the type of loan and term for the client which may give a higher return rate. A higher return rate comes hand in hand with more earnings meaning that it is a good investment.

The lender is also able to enjoy complete freedom of choice. The lender is able to state all conditions to the borrowers and they also can select borrowers of their preferences. By checking at the risks associated with any borrowers, lenders have a choice of the best interest rate. Risks as to any transaction is reduced by these activities of the lender concerning the buyer.

There are also some benefits to the borrowers and to start with is the easier way of application provided. The borrower should only have a computer or a smartphone to help in filling the application and after that wait for the approval which takes very less time than a minute making it easy and very smooth. The advantage number two of the borrowers is the attractiveness of the rates of interest offered.

They are lower as compared to the ones offered by banks thus seen as better. The rate of interest for the loans depends on the term selected by the borrower. It is also a very fast way of financing the borrower’s needs. When a borrower needs funds more quickly, he/she is able to get them easily. The amounts offered to borrowers have also risen over time. There are mountable benefits that p2p investing lending has brought to both players I this field and this is evidenced above.

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