What is P2P?

Peer-To-Peer (P2P) lending is a type of financial transaction in which individuals lend and borrow money directly to each other without using a traditional financial institution as an intermediary. This platform facilitates these transactions by connecting borrowers and lenders and handling the process of loan origination, underwriting, and servicing.

P2P lending can offer a number of benefits to both borrowers and lenders. For borrowers, P2P lending may offer access to funding that may not be available through traditional lending channels, such as banks. P2P loans may also have lower interest rates than other types of loans, such as credit card loans. For lenders, P2P lending can provide an opportunity to earn a higher return on their investments compared to traditional investments, such as certificates of deposit or savings accounts.

In India, P2P lending platforms are regulated by the Reserve Bank of India (RBI), which has issued guidelines for the operation of these platforms.

How does P2P lending work?

P2P lending platforms in India offer a range of loan products, including personal loans, business loans, and loans for education and home improvement. On these platforms, borrowers can typically apply for loans online and receive funding within a few days, subject to the platform’s underwriting standards and the borrower’s creditworthiness.

Lenders on P2P lending platforms in India can invest in a variety of loan products and earn returns through the interest and principal payments made by borrowers.
Mondial MMX Financial is empanelled with multiple P2P platform thereby providing you best opon of deployment for any given period between 1 month to 5 years.