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Peer to peer lending, also called P2P lending, is a relatively new financial practice where borrowers can borrow money at lower interest rates without going through a bank or other traditional financial institutions.
So if you’re in a pinch and you can’t borrow money from the bank for some reason, you can borrow money through peer to peer lending companies or apps.
But did you know that you can also lend money and make some side cash out of it?
In today’s article, I’ll talk about peer to peer lending and how you can make money from it.
What Is Peer-To-Peer Lending?
Peer-to-peer lending is a relatively new financial practice that involves lending money to borrowers (individual or business) from lenders through online applications that match borrower to lender.
Lenders are where the funds come from, and the incentive for them to lend is that they earn interest on the amount that they lend.
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