How P2P Lending works?

When an investor is successfully registered, his listing page appears on the investor listing page. Investors can then browse borrower listings and bid on thier loans, depending on their investment criteria.

Investors can decide the investment amount and interest rate at which they would like to invest in the borrowers. However,  Faircent.com's built-in system intelligence selects the best offers for the borrower depending on the lowest interest rates being offered by participating investors.

This process is done in real-time and hence during the period of borrower listing being active, the best rates being offered is chosen by the system.  Similarly, borrowers can browse investor listing page and send requests for bids on thier from you. You can either accept or reject these requests. This information can be viewed by the investors in thier listing page. Investors can make offers only when the borrower listing is active, i.e. until the borrower has not accepted his loan. Once a borrower accepts the loan amount during his active listing period, the listing is closed for further offers. Faircent.com then collects all necessary documents, executes the required agreements, collects cheques from investors and deposit in the borrower accounts