Marketplace Lending

Marketplace lending is a method of borrowing and lending that connects borrowers directly with individual or institutional investors through online platforms. Instead of going through traditional banks, borrowers can apply for loans on these platforms, which assess their creditworthiness and match them with lenders willing to fund the loans. This system often results in faster processing times and potentially lower interest rates for borrowers, while providing investors with opportunities to earn returns on their money. It’s a growing alternative to traditional banking, leveraging technology to streamline the lending process.