Update P2P lending is a way for individuals to lend money directly to other individuals without involving traditional financial institutions, such as banks. What is peer-to-peer (P2P) lending? Peer-to-peer (P2P) lending, also referred to as marketplace lending, is a type of lending that uses online platforms to link lenders and borrowers directly, eliminating the use of conventional financial intermediaries, such as banks. In P2P lending, individuals or businesses seeking loans can request funding by creating loan listings on a P2P platform. Individual investors or institutional lenders, on the other hand, can analyze these listings and decide to fund them based on their level of risk tolerance and expected rate of return. P2P lending platforms serve as intermediaries, enabling the loan application, credit evaluation and loan servicing processes. They leverage technology to improve the user experience and pair lenders and borrowers. The loans may be used for a variety of things, in
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