P2P (Peer-to-Peer) Lending

P2P (Peer-to-Peer) lending is a way for individuals to borrow and lend money directly through online platforms, bypassing traditional banks. Borrowers post loan requests, and investors (lenders) choose to fund those loans, earning interest in return. This model often offers potentially better rates for both parties and increases access to credit. It operates on the principle of decentralized finance, where technology connects borrowers and lenders directly, making the process more efficient. P2P lending is regulated in many regions and involves some risk, so thorough consideration is advised before participating.