By: Akmal Khan0 comments

P2P lending has uncovered a completely new set of investment opportunity for all type of investors; be it retail, HNI, ultra HNI or institutions. The currently trending P2P lending is progressing and the next-gen investors and borrowers are moving from the traditional means of business to the definable P2P lending applications which provide personal loans. Peer to Peer lending is innovating and there are a plethora of opportunities for all the stakeholders.

Both the borrower and the investor has numerous benefits. The borrower, on one hand, has to pay a less interest rate, while investors on the other achieve a great return on investment. The streamline P2P lending portal makes the entire process convenient resulting in the smooth working of lending apps which automates the process and provide access to fund within a week.

Making it safer to invest since it is based on risk profiling and credit assessment. Considering the current market trends, it is seen that P2P lending has modernized the overall lending industry. Complementing this, it has paved the way for many industry veterans to come up with different propositions benefitting investors. P2P lending is expanding at a humungous pace to become future of banking.

Digital lending includes the P2P model and it is addressing the huge unmet demand for credit. India’s digital lending market will see a CAGR of 36% by 2023. India’s market for digital lending is poised to grow from USD 110 billion in 2019 to USD 350 billion in 2023. This will increase the share of digital lending in India’s overall lending market from 23% in 2018 to 48% by 2023 (link). 

Hence, it is essential to keep an eye on what this industry has in store and how would the same help redefine the industrial world and how does the future of Fintech transform the digital world is what we look forward to seeing.

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