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How Huge is the Scope of Peer-to-Peer Lending in India?

Peer-to-Peer Lending in India is a shift from traditional loaning process that happen with banks and financial institute. It is a modern-set money transacting procedure between lenders (individuals, entities) and borrowers. The P2P models aims at flourishing monetary returns for lenders, as well as meet economic requirements for the borrowers, in an easier and quicker way, funding within no-time.