Peer-to-peer (P2P) lending is a debt financing method between a lender and a borrower, without an intermediary such as a financial institution.
The lending method, however, involves more risk and effort than borrowing from a bank. Loans under P2P lending are mostly offered by individual investors, who are willing to offer their money on an agreed interest rate.
Here's a step-by-step guide to make P2P investment:
First Published: IST