Peer to Peer Lending (P2P) – A saviour for borrowers in Jamaica
November 04, 2017 By Biz Tech
Anyone with the experience of approaching a bank to avail personal loan is aware of the difficulties. The banks typically reject loan applications for various reasons such as low income, no credit history, no savings account with that bank etc. They are also not keen to provide loans of smaller amount, for example below $100,000. Even if a bank accepts your personal loan application, it levies heavy penalties for pre-payment. And as for the… Read more...
BIZTECH Peer-to-Peer Lending Website offer Loans
October 04, 2017 By Biz Tech
Peer to Peer Lending (P2P) is an alternative form of financing from traditional bank intermediated lending. Potential borrowers and lenders are brought together on a website, in much the same way that Amazon brings together buyers and sellers of general merchandise. What is unique about P2P lending is that borrowers and lenders are both likely to be individuals, instead of a traditional business to consumer loan. Potential borrowers submit an application form to the website platform,… Read more...