Peer-to-peer lending

Ever wondered how you can lend money without a bank?

Imagine you want to lend money to your friend who needs a loan, but you're not sure how to do it without going through a bank.

Peer-to-peer lending lets you directly lend money to others online, bypassing traditional banks and saving on fees.

Example

You lend $100 to your friend through an online P2P platform, earning interest without a bank in between.

Remember this

Peer-to-peer lending offers a direct, cost-effective way to lend and borrow money.

Text adapted from Wikipedia, licensed under CC BY-SA 4.0.

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Educational content, not financial advice.

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