Home Education Avail loan with low credit score: #3 Peer-to-peer lending

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Avail loan with low credit score: #3 Peer-to-peer lending

Monday, May 22, 2017, 9:38 AM

Peer-to-peer lending is gaining popularity in India. Screening criterion is less stringent than that of mainstream banks. Factors such as financial behaviour, education, future fiscal prospects, socio-economic conditions, etc., are considered to determine the borrowing eligibility of an individual. If you have holistically good financial-profile, your loan application may be approved. However, interest rates tend to be higher than what is offered by banks.
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