Global Peer-to-peer Lending Market Will Grow At A CAGR Of 53.06% During The Period 2017-2020
Researchmoz added Most up-to-date research on "Global Peer-to-peer Lending Market 2016-2020" to its huge collection of research reports. It is a method of debt financing where different individuals can lend and borrow money using an online platform, which eliminates any involvement of middlemen. The loans provided by the lender helps the lender to generate income in the form of interest. On the other hand, the borrowers have easy access to financing, which might be difficult for them to procure if they approach a standard financial intermediary. The amount of interest charged for P2P loans is comparatively lower than the traditional prime loans to compensate the lenders for bearing the risk of non-payment from the borrowers. Investors fund only a portion of the loan and spread the amount of the loan across many buyers. Technavios analysts forecast the global P2P lending market to grow at a CAGR of 53.06% during the period 2016-2020. Covered : The report covers the present s...