P2P lenders are (mostly) for-profit online “marketplaces” like Flipkart or, eBay, that arrange for borrowers to deal with lenders directly
I was able to get a loan on a much lesser interest rate for my immediate requirement of paying college fee for my daughter said Rakesh, a borrower on peerlend.in. On another platform i2ifunding.com, Santanu says, I was in need of fund urgently for medical treatment of my mother and was not getting any positive and quick assistance from any financial institution…without any hassle, the required fund was arranged…within 5 days. On the same site, Vinoth was clearer: Those who are facing financial crisis... go…without any second thought. Need a loan for a Wedding? Want to buy a new car? Bank Free = Hassle Free! Most of us would empathize with that last pitch!
Crowdfunding is the method where small amounts of money are raised from a large number of people. Your donation of Rs. 101 only, for building a new temple is an example of crowdfunding.
This story is from the October 2017 edition of The Finapolis.
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This story is from the October 2017 edition of The Finapolis.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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