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How P2P platforms enable income generation through higher return
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By Rajat Gandhi, Founder & CEO, Faircent.com
P2P or Peer to Peer lending is a debt financing mechanism that connects individuals and businesses in need of credit with people who are willing to lend at a digital marketplace. P2P lending has emerged as an alternative to traditional bank lending, enabling investors to earn returns on their investment and borrowers to get quick low-cost credit because of the lack of intermediary costs.
There are numerous digital platforms and marketplaces that enable P2P lending. It is a simple process where a lender starts an account with the platform and transfers the money they want to invest in the form of loans to their escrow account. Similarly, the borrower registers on the platform with financial and
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