Avatar for Rupee Circle

Peer to Peer lending online platform

Peer to Peer lending online platform

P2P lending is the new kid in the block and came out of the closet in 2012 in India. Getting a loan in the past was a tedious process involving waiting for weeks for approval and constant rejections. With the advent of P2P lending companies in India, times are changing in the financial sector. The P2P lending companies have been able to disburse loans within a day or two. Although P2P lending is in its nascent stages in India, it's showing a lot of promise with a market potential of $5 Bn in the Indian market by 2023. The P2P lending works in a pretty simple way through the use of data and technology helping investors get higher returns and enabling borrowers get loans immediately