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Showing posts from December, 2018

Peer-to-Peer lending & borrowing in India | Finzy

High interest charged on loans & evaluating the credit history by banks are painful for every individual. To remove these tight & cumbersome processes - P2P come into the picture. As always, we break the topic in a summarized way for a better understanding & bring conceptual clarity - So, here we start! ➲ ➲ What is P2P ? Peer-to-peer (P2P) lending is a new method of debt financing/investments that allows people to borrow & lend money without a financial institution. Harnessing technology & big data, P2P platforms connect borrowers to investors faster & cheaper than any bank. P2P lending is here to grow rapidly in coming years & it's new source of fixed income for investors. Compared to stock market, P2P investments have less volatility & low correlation. They also offer higher returns than conventional sources of yield. Decentralised financial network, where loans are funded by individuals as opposed to companies in financial network. As per...