P2P loans, i.e. using an online platform directly from borrowers to lenders, are currently experiencing an increase in interest. The sector is constantly expanding with new target groups. The global P2P lending market has already reached the value of $15 billion, more than two years ago. Estimates indicate further increases. Despite the global Covid-19 pandemic, there is talk of hitting the $44 billion mark in 2024. The topic on the Fakt.pl website was taken up by Marcin Sikora, CSO LOANDO Group.
“P2P loan services connect those interested in gaining benefits directly with potential investors. In the beginning, the lender must open an account by which he determines the amount he wants to spend on loans. After defining his financial profile, the borrower is assigned to a specific credit risk category. As a result, investors receive a transparent register of potential stakeholders, which allows them to create individually tailored loan offers.” – comments Marcin Sikora, Chief Sales Officer at LOANDO Group.
“Certainly, the big advantage of P2P loans is the fact that the entire loan process is 100 percent. Online. Obtaining financing without leaving your home, although more and more common, is still an important bargaining chip for some borrowers” – comments Marcin Sikora, Chief Sales Officer at LOANDO Group. – “Certainly, factors such as negotiability and flexibility of installments as well as the previously mentioned relatively low requirements as to creditworthiness play a significant role in this context” – he adds.
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