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Is P2P Lending the same as payday loan? How to find such a lending organization?

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I have heard about P2P Lending. Is it reliable? How to search for such a lending organization. Are they better than taking out a payday loan or it's the same?




No. P2P lending and payday loan - both are not the same. P2P Lending is peer-to-peer lending, where you can take out a loan from a peer lending company. the interest rates are much less as compared to a payday loan company.
You can ask for referral from your friends or family members, or browse online.

Sub: #1 posted on Fri, 11/04/2016 - 15:30

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