A peer-to-peer loan is a type of lending in which individuals borrow money directly from other individuals or investors, without the use of a traditional financial institution or bank as an intermediary. This type of lending is facilitated through online platforms that connect borrowers with investors looking to make a return on their investment by providing loans to individuals. Peer-to-peer loans typically have lower interest rates than traditional bank loans, making them an attractive option for borrowers looking for alternative lending options.
