Peer-to-peer lending is the practice of matching borrowers and lenders through online platforms. Borrowers are often able to gain access to funds quickly and typically at lower interest rates than banks, making it an attractive loan alternative to banks. The loans issued are often comprised of many different investors ranging from individuals to institutional investors.
Individual and professional investors benefit by being able to lend money at a range of interest rates based on proprietary credit scores assigned by each platform. Since investors typically fund only a portion of a loan and spread the amount they loan across many buyers, investors can potentially receive steady, attractive returns while spreading risk across multiple borrowers.
P2P lending has experienced rapid growth as borrowers look for alternatives to banks. As a result, the largest P2P lending platform in the US, Lending Club went public in December 2014 with a successful IPO. The number two US platform, Prosper may also file an initial public offering in 2015.
Peer-to-peer lending is the practice of matching borrowers and lenders through online platforms. Borrowers are often able to gain access to funds quickly and typically at lower interest rates than banks, making it an attractive loan alternative to banks. The loans issued are often comprised of many different investors ranging from individuals to institutional investors.Individual and professional investors benefit by being able to lend money at a range of interest rates based on proprietary credit scores assigned by each platform. Since investors typically fund only a portion of a loan and spread the amount they loan across many buyers, investors can potentially receive steady, attractive returns while spreading risk across multiple borrowers.P2P lending has experienced rapid growth as borrowers look for alternatives to banks. As a result, the largest P2P lending platform in the US, Lending Club went public in December 2014 with a successful IPO. The number two US platform, Prosper may also file an initial public offering in 2015.
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