Many immediate cash loans in India through financial technology companies, whether on financial comparison sites, Peer to Peer marketplace or regular online fast loans. Which is the right choice?
The development of the Internet world also gave births to many loan offerings that utilize online platform to capture the people who need cash. Today’s society does not just have a limited choice when it comes to borrowing.
When the first place to borrow the money you think is a bank, finance or multi finance companies, pawnshops, cooperatives, to loan sharks in markets and relatives or relatives, then now the choice of borrowing money so more and more as the development of financial technology (financial technology).
Currently, many emerging rapid lending platforms that can be obtained through various channels through online channels. Starting from loans offered through financial comparison websites, peer to peer lending (Qbera) or crowdfunding platforms, to direct loans from an online institution (quick lending).
Which is more interesting to be an option? Each available loan channel option has its own advantages and disadvantages. You can weigh where the most appropriate loan to support your needs.
Peer to Peer Lending Marketplace
A lending marketplace with a peer to peer lending scheme (Qbera Lending) means a group of people lending another group or another individual who needs an immediate cash loan. The group that lent is called the creditor. This creditor can also be called an investor because he lends the funds he has on others and receives a loan refund that has grown with additional interest.
The borrower is usually an individual or company that provides certain collateral. Generally in the form of invoices or letters to other companies. Immediate loans that are usually available in the peer to peer lending marketplace are usually not long, maximum 24 months. This is different from unsecured loans from banks that provide tenor loans up to 36 months and some even up to 60 months.
In Indonesia, there are several financial technology companies that provide loan marketplace platform with Qbera Lending concept like and others.