Debt has become a way life particularly for the young population of Pune. To make both ends meet most salaried individuals in Pune apply for a loan; for getting settled in Pune, to purchase new home appliances, to refurbish your home exteriors or interiors, or any other emergency needs. Now let’s say you have 5 such small loans. A debt consolidation loan could be useful to ‘Consolidate’ all these small loans with a single payment. Debt Consolidation Loan is a wonderful option if you tired of managing multiple EMIs. It is the best solution to opt-out of multiple loans in a single go.
What is the best way to ‘Consolidate’ Debt?
P2P! Also known as Peer to Peer (person to person) lending or social lending; it an extraordinary ‘debt financing’ tool; available as an alternative financing option.
You might be already labeled as a ‘defaulter’ by the banks. Not just you, but numerous other average Indian consumer lacking financial knowledge are burdened with skyrocketing debt. For such individuals it is not possible to qualify the whimsical eligibility criterion of official banking institutions. Thus, to break the monopoly of banks and other credit unions, the P2P lending industry instituted.
Here is all that you should know about P2P and P2P debt financing –
P2P lending is a debt financing method that follows a crowdfunding model. It enables individuals to borrow without the involvement of traditional financial institutions as an intermediary. When you apply for a loan with peer to peer lending, a borrower gets funding from an individual or institutional investor on mutually agreed loan rates; thus, eliminating the middlemen form the process. It is basically match-making, the platform connects borrowers with the lender with lucrative interest rates.
Additionally, the lenders (investors) gets to earn high returns on the Online Investment that is comparatively high compared to conventional ways of investment such as share markets, mutual funds or fixed deposit.
The overall process of Personal Loans processing and disbursal is also quite simple and efficient. Thus, if you are getting weighed down due to monthly statements, filling your mailboxes and you are in serious financial stress, then roll down all high-interest rate loans with single P2P debt consolidation loan at more favorable rate.
Features of P2P lending for Debt Consolidation Loan –
Put rest to all your multiple debt worries with the help of debt consolidation loan with P2P lending. There are numerous Money Lenders in Pune, waiting to fund your loan application. All you have to do is ‘Register’ with a credible and RBI registered P2P lending platform in India.
Personal Loans, Online Investment, Money Lenders in Pune