A Guide to Successful Peer-to-Peer Investing
Investment options have increased in the past few years with the expansion in technology. Earlier people could only invest their money in FDs but today there are options such as mutual funds, share market, etc. These platforms are still not preferred by people due to the risk attached to them. Therefore, in such scenarios, one can consider other platforms such as peer-to-peer investing which involves comparatively lesser risks. Also, this type of investing helps one earn higher returns, as lenders can charge decent interest rates from borrowers. This article discusses what peer-to-peer investing is, how it works, and loan types. What is Peer to Peer Investing? Peer-to-peer investing involves the meetup of lenders and borrowers. Lenders get the opportunity to choose borrowers from several borrowers that would suit their requirements. This facility helps lenders to find borrowers outside of their immediate proximity. The process is quite simple and can be easily understood by anyon...