This presentation gives a story of how a friend got land for his wife under financial pressure by opting for a loan through the peer to peer lending route
2. - Friend wanted a loan
- This was for his anniversary
- Wanted to surprise wife
3. Had already paid the advance amount
Wanted more before the date to register
property
Had bonus money which would pay for this
stuck with organization
4. That he could borrow money from family
which he did not want to do
He could get a personal loan but that would
have taken time at a higher interest rate
5. Peer to peer lending (peer to peer loans) or
P2P loans to the rescue
It was just like borrowing from friends
He could get the money from like minded
individuals from across the country
6. He could get a loan quickly and from other
people
The process was simple and smart
Ultimately got a better peer to peer interest
rate as compared to a personal loan from a
bank