Peer To Peer Lending Decoded!

Apr 9, 2019

You have received a salary bonus.  Voila!  Now, you have some spare money in your hands.  You don’t want to lash out on gadgets and parties.  All devices do the same thing – they eat your precious time!  All parties give you the same thing – A hangover the following day!

Let’s plan something wisely.  What about investing?  The other day, your friend has talked big about mutual funds.  Good idea.  But wait.  “Net Asset Value (NAV) of the units of the scheme will be computed by dividing the net assets of the Scheme”.  What on earth does it mean? Going through the jargon, either you fall asleep or are frightened.  You want to go with something simple and easy to decipher.  Also, that impatient enthusiastic person in you cannot wait for months and years to reap benefits.  You want to taste the fruits fast.  Now, with some money in your hands, how can you take an avatar of investors and start earning good returns from the very beginning?

Not able to connect yourself with the paragraph above? Is it not you?

Okay! You haven’t got a bonus.  You don’t have that spare money in your hands.  In fact, you are going through a financial crisis.  You need some money urgently.  Right, this moment, you are worried about how to arrange that sum.  So, you are on the other side of the game.

For both of you – the one who got the bonus and the one who needs some money urgently, online lending platforms come as a handy option.

a) To invest your hard-earned money on reliable borrowers and start earning extra income from day one.

b) To borrow money and get cash loans instantly by following simple procedures compared to banks and other conventional financial institutions.

People and industry coined an apt name for it – peer-to-peer lending.

Of course, spending a good amount of time with Google on a daily basis, you know what it is, but there is nothing wrong with starting from basics.

Now, what is it?

First of all, it’s simpler than you think!  It’s really simple, fast, convenient, and reliable.

As you know, borrowing and lending are as ancient as mankind.  It’s just that with the latest technologies, the process has been made hassle-free and fast.  People who need the money and people who lend money come under one roof, connect, lend, borrow and benefit from each other.  Online lending platforms provide lenders and borrowers with a platform backed by the latest technology, bridge the gap and connect people from both sides.

The entire process takes place through mobile apps / online platforms/websites, and users get updates in real-time.  No need for frequent visits, waiting for days, and frequent phone calls to know the status of loans and approvals.

For a busy and ambitious country like ours, peer-to-peer lending websites are a convenient option for borrowing and investing money at your convenient time and place without visiting banks and financial institutions frequently.

For that ambitious investor in you,

1. Peer-to-peer lending websites are super convenient!  No need to follow so many tiresome, irritating procedures.  Manage all your investment-related activities through a mobile app/lending platform.  Apart from all the other advantages, you can save a great deal of time and effort.

2. Earn more!  Get higher interest rates when compared to traditional investment options.

3. Keep things under control!  Keep track of paybacks and due dates.  To put it in one word, investment management at your fingertips.

For that borrower in you who needs money,

1. Peer-to-peer lending websites are a convenient option when you need money instantly.

2. Swift approvals!  You don’t have to go through nail-biting moments wondering whether your loan will be approved or not.  Get instant updates, follow an easy, hassle-free process,es and get approvals swiftly.

3. Quick cash disbursements and convenient payback options!  For example, if you are using InstaMoney, LenDenClub’s money lending app, you can get cash loans instantly and the loan amount will be deposited in your bank account in just 2 hours!

4. Avail cash loans 24 x 7.  Gone are the days when people would form queues in front of counters at banks and discuss and debate cricket, cinema, and politics until their turn came.  Now, through peer-to-peer lending sites, you can avail loans instantly round the clock—no need for frequent visits and waiting for days and weeks.

5. Get cash loans at any time to fulfill any purpose, and yes, you don’t get stuck.  You don’t have to postpone things.  You don’t have to postpone life!

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