P2P lending eliminates the role of financial intermediaries as the middleman. People don’t have to go to a bank, credit union, or online lenders when they can borrow from businesses directly. But when can you opt for P2P marketplaces? You can do that in cases mentioned below:

• You want quick loan which is convenient and easy to apply for.
• You want to use a loan process with a credit evaluation mechanism beyond the tradition “hard-rule” approach thereby looking at your ability to service the loan in a more comprehensive manner.
• You want a lower rate of interest.
• You are looking for a contactless, online, tech-enabled approach to lending.

Click here to read the full story: https://www.forbes.com/advisor/in/loans/how-to-borrow-money-via-p2p-plat...