What is a Peer-to-Peer Loan or Peer-to-Peer Lending?

Q: What is a peer-to-peer loan or peer-to-peer lending? A: In the U.S., peer‑to‑peer lending is a relatively new form of social lending that removes banks as the middlemen in a loan transaction. With a peer-to-peer loan, an individual – sometimes called the lender or the investor – provides funds to a borrower and does …

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