online lending

Online lending is a process where individuals or businesses borrow money through internet-based platforms rather than traditional banks. These platforms evaluate applicants’ financial information quickly using digital tools and often offer faster approvals and more flexible terms. Borrowers can access personal, business, or payday loans online, while investors or lenders can fund these loans directly or through pooled investments. Online lending provides convenient, accessible options for borrowing and investing, leveraging technology for efficiency. It plays a growing role in expanding access to credit beyond traditional financial institutions.