What’s common to Faircent, i-lend, LenDenClub, SimpliLend and LoanCircle? All of them operate as peer-to-peer (P2P) lenders, a global phenomenon that is slowly gaining traction in India. P2P platforms digitally connect borrowers with lenders — the former can be individuals or legal persons, while the latter are individuals — while charging both a commission on the loan amount.
Lenders of the e-kind
Peer to peer lending start ups are looking to change the way credit is disbursed
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