P2P Lending Companies in India

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P2P Lending Companies in India
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What is P2P Lending?
Conventionally, whenever you have to borrow
funds, you need to approach a financial
institution, lets say a bank. The bank would
verify your credit score, then decide whether the
loan is to be sanctioned along with the interest
rate to be levied. P2P lending alleviates all
personal loan related problems by helping you
secure the needful amount at competitive interest
rates from individuals willing to lend money.
Lenders also earns higher returns by lending
money to borrower without any intermediaries.
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How P2P Lending Works?
The process is simple and logical.
1. You approach a P2P lending platform with your
loan requirement.
2. You complete the loan application process by
furnishing necessary details and uploading
relevant documents.
3. You application is assessed based on various
parameters like income, credit score, academic
qualification, no. of dependants etc.
4. Once your application is approved, your
profile gets listed on the platform where lenders
get access to your application.
5. Multiple lenders may decide to fund your loan
request and once your profile is funded, you will
have to sign the loan agreement and immediately
your loan amount will get transferred to your
bank account.
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Why P2P Lending is the best financial institution?
P2P lending is definitely your best bet when it
comes to seeking immediate financial rescue for
impending monetary problems. Some of the
compelling reasons why you must take recourse to
these financial institutions have been summarized
below.
1. Expedited loan approval, mostly within the
same day
2. Robust internal credit rating process to
quickly assess loan eligibility for your credit
score
3.Contemporary technological disruptions used for
leveraging loan disbursement
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Why P2P Lending is the best financial institution?
4. Comparatively lower interest rates
5. Simple and transparent system with no cryptic
clauses
6. Nominal registration fee and measly processing
fee
7. Excellent customer support
8. Personal loan available for all purposes
9. Loan interest ratchets down with each top-up
loan availed
10. Complete borrowing information made available
beforehand through email, SMS, WhatsApp etc.
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Role of P2P Lending Company
P2P lending sites serve as the bridge between
willing lenders and needy borrowers. The loan
request is processed within a relatively short
period and interest charged is affordable. The
P2P company uses latest technological disruptions
in the financial domain to assess your
credentials expeditiously and match the right
loan amount against your request.
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Thank You!
P2P Lending Companies are essentially providing
best borrowing and lending services without any
intermediaries. Thats why both lender and
borrower can avail fruitful services from such
companies.
To get more info click on below website
https//www.lendenclub.com