HOW badly are you off for money? If the honest answer is pretty bad, you may consider the P2P route – the ‘Peer to Peer’ lending platform. 

P2P lending platforms offer other advantages such as, they charge borrowers no prepayment penalty, they don’t have hidden costs and have more flexible offerings in the unsecured credit space. “This option facilitates swift and seamless access to financial services, enables strategic investments of flexible sizes, and adds value to lenders and borrowers at both ends of the transaction. The automated processes and intelligent systems to generate credit scores also reduce the risks. Returns are generated from the very next month in the form of loan interest, which allows lenders to maximize their capital through compounded returns,” says Rajat Gandhi, founder & CEO, Faircent.com.

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