Cashkumar is certified & licensed as NBFC-P2P by RBI (CoR No. N – 02.00299)
Loan providers have earned в‚№ 3.03 crores as returns on the opportunities
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Peer to Peer Lending in India
What exactly is Peer to Peer financing?
Peer to Peer Lending or P2P Lending is really a technology that is new process that formalizes the complete procedure for personal finance and non-institutional lending between people. It’s a platform for trade between those who have cash and individuals whom require cash by means of that loan. People with excess funds can now expand that loan to borrowers anywhere in the united states and make returns on the funds in the shape of monthly EMIs along with interest.
This idea assists borrowers looking for cash relate with lenders from across Asia to crowdfund their loans. The returns are appealing enough for lenders to get lower amounts of income across multiple borrowers. Borrower details are completely examined because of the lending that is p2P and a credit evaluation is conducted plus the profile presented towards the loan providers.