P2P loans or peer to peer loans are just that – loans. However, the reason why they are so popular lately is that they enable you to borrow or lend money without the need for a financial institution as an intermediary. What that means is that you can theoretically get a loan without ever visiting a bank or the credit bureau. However, things are a bit different in practice. It requires more time and effort to complete the process, but it avoids the use of the middleman, which means that the interests are going to be lower. Here’s the rundown
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