What do people do to attain financial stability? – Hmmmm, Maybe people save and invest money to attain financial stability.
It’s not hard to find new opinions about how you should be investing. Everyone’s gotn opinion on which is the best platform to invest money or which mix of investments are bound to outperform. But mostly people invest in banks because they usually provide reasonable growth and a decent dividend. But with Indian bank’s saving accounts just offering 4-5% interest rates, the options of doing something else with your money are increasing. So is it, that in a world where digital companies are born every day, the options of where to put your money in are more than you can think of; There are many available options with amazing digital platforms and with even more advantages than the traditional banks. P2P lending platforms are one of them.
Peer to peer lending popularly known as P2P lending involves consumer investors giving loans to borrowers through online platforms. This virtual marketplace connects borrowers and lenders, thereby cutting out the traditional banking protocols. The whole function is not something new: but these companies are giving investors the opportunity to invest at lower costs, directly to borrowers, who now have a greater opportunity of getting a loan at a cheaper price.