Financepeer is a P2P lending website which uses artificial intelligence to calculate credit scores.
In the last blog, the product of FinancePeer was explained in detail. In this blog we shall explain the product taking an example so that it is clear. In this blog, we will be talking about short term loan and…
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What is a loan? The simple answer to this question in a layman language is a sum of money which is borrowed and has to be paid back with some interest on it. FinancePeer being a peer-to-peer lending company, acts…
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In the last blog, the story of a guy called Ajay was narrated. It was shown how he preferred Financepeer over general financial system since, he saw more advantages here. Ajay was a lender in that case. Now lets assume…
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Vijay was happy. He got his salary today and wanted to invest his salary in some good place. He was just walking down the street on his way back home with sweets in his hand for his family. Suddenly, while…
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In the last blog, we discussed about how peer-to-peer lending platforms like FinancePeer helps in getting the loan inspite of having a bad credit score/ no credit score. Having a bad credit score is not advice able because your loan…
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CIBIL score or a credit score, which was explained in the 2nd blog, is basically a deciding factor as to if your loan should be approved or not and if you should be given the credit card or not. To…
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Peer-to-Peer lending companies are picking up these days. Borrowers prefer to get instant money directly from the lenders and also wish that they have to pay low EMI. Lenders, on the other hand, want to invest their money and enjoy…
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Loan is the lending of money from one individual, organization or entity to another individual, organization at an interest rate and a promissory note which includes the principal amount along with the interest charged by the lender over a certain…
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Isn’t it more convenient, if you can borrow/lend money from/to peers rather than the traditional system? Well, it is possible! That’s where the concept of peer-to-peer lending comes into picture. What is Peer-to-Peer lending? Peer-to-peer lending is the practice of…
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