There are many advantages of peer to peer lending as it allows you to grow your money more as compared to traditional saving account. It also provides you with the opportunity to expand your investment portfolio. Let’s look at the benefits for peer to peer lending:

1: Peer to peer lending gives engaging risk and alternate high profit.

2: peer to peer gives high-interest rate to investors as compared to saving account.

3: In the past traditional saving account and Isa offered a high amount of interest rate but they are not that beneficial now. So, in recent times the p2p lending provides high-interest rate in every condition.

4: peer to peer lending is the best option to grow your money

5: some peer to peer platforms provide the lender with a high level of security.

Disadvantages of peer to peer lending

Peer to peer provides high-interest rate but some drawbacks of peer to peer lending are listed below:

1: p2p lending is not protected by the financial services compensation scheme.

2: p2p Lending is high risk in-case the borrower defaults and you cannot manage your assets.

if you want to read ifisa advantages visit this website.

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