Income+
Getting good returns from peer-to-peer lending
Tan Jee Yee | 07 Jul 2017 00:30
If you’ve been keeping an eye on developments in the fintech world, the term “peer-to-peer lending” (or P2P lending) would have caught your attention.
 
Online P2P lending platforms have surged in popularity, especially among start-ups. Even Malaysia wants in on the action. You might, too.
 
The concept of P2P lending is simple. The platforms help connect people who want to borrow directly from other people, thus bypassing stringent and rigid requirements of banks. At its core, it’s no different from borrowing money from a well-to-do neighbour, friend or family member to start a business.
 
What is different is that the aspiring entrepreneur can borrow from a pool of lenders, for the amount he needs. 

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