loanbaba.com's peer to peer (P2P) Platform is a marketplace for connecting borrowers with lenders – established to benefit both the borrowers and lenders.
P2P is an abbreviation for Peer-to-Peer. P2P is a business model that connects Individuals requiring a particular service with Individuals who can provide that service. On those lines, peer to peer (P2P) lending is an innovative model where in individual borrowers can borrow money from individual lenders without having to go through the formal banking channel. This model is significantly different from the traditional banking model and saves time, money and is beneficial to both – the borrower and the lender
At loanbaba.com, this is what we aim to do – to help all the borrowers, big and small, in getting a loan. On our P2P platform, the borrowers and lenders are the peers who will enter into the transaction directly. It is a safe platform for the peers to interact. To assure security, each borrower and lender profile is thoroughly verified. A complete background check is done to make sure only reliable and equal peers share the platform. Each borrower goes through exhaustive credit checks before they are accepted on-board and listed on the platform