Global Peer-to-Peer Lending Market to Grow at a CAGR of 53.06% During Forecast 2016-2020
It is a method of debt financing where different individuals can lend and borrow money using an online platform, which eliminates any involvement of middlemen. The loans provided by the lender helps the lender to generate income in the form of interest. On the other hand, the borrowers have easy access to financing, which might be difficult for them to procure if they approach a standard financial intermediary. The amount of interest charged for P2P loans is comparatively lower than...
View full press release