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Trends That Became P2P Lending’s Driving Force in 2018

January 15, 2019

Trends That Became P2P Lending’s Driving Force in 2018
  • According to the Economic survey, only 5% of the loans were disbursed by traditional banks for the MSEs. The P2P lending market filled this massive gap and soared in popularity amid the small enterprises
  • In 2018, the P2P players grew incredibly fast after receiving NBFC certification. The industry was lending around 5 crores INR in January but had crossed 30 crores INR mark by December. 
  • Millennials became the biggest customers of P2P companies in 2018 as they were attracted towards features like online loan applications, instant disbursals, etc.
Photo credit: ccPixs.com on VisualHunt / CC BY

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