Budget 2019 demands: Startups seek ease in borrowings, P2P loans, exemption of Angel Tax
The number of formalities, bank or any financial institution perform, become hectic for borrowers. Therefore, they are quickly shifting towards 'Peer to Peer' lending. It is a unique platform that lets borrowers and lenders contact each other. P2P platforms are the online based applications or channels that allows investors to lend money to the listed borrowers at a fixed interest rate.
The borrowers can register or make a profile on these platforms on the basis of their income, age, credit score etc to get quick loans. Pixabay