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Borrowing from P2P platforms: 2/3 take loan for emergencies only, finds report

Updated : February 28, 2020 01:48 PM IST

Bangalore and Mumbai topped the chart for the maximum number of lenders and borrowers respectively on P2P platforms.
The report said that 40 percent lenders and 53 percent of borrowers were under the age bracket of less than 30 years.
12 percent of the borrowers and 16 percent of the lenders comprised of women customers, the report said.
Borrowing from P2P platforms: 2/3 take loan for emergencies only, finds report

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