Peer to Peer (P2P) lending is an alternative method of obtaining a loan from a bank or credit union. If a person approaches the bank for a loan, the bank will give the loan using some of its assets deposited by other customers.

But in Peer to Peer (P2P) lending, the borrower is directly connected with the investor, with the help of the lending platform. Here the lender or investor can view and select the exact loan they want to invest in. This is a win-win situation for both investors and borrowers as it has advantages and disadvantages respectively.

As the demand for P2P platform development skyrockets, let's take a look at the stages of developing a P2P platform:-
0:51 Choosing a form as a legal entity
1:11 Domain name
1h30 Development from Scratch or a white label lending platform
1:56 Find a team of specialized developers
2:17 Budget allocation
2:34 Creation of the P2P platform
2:49 End-to-end testing

Learn more about peer to peer lending platform development here https://www.cronj.com/blog/peer-to-peer-p2p-lending-platform-development-complete-guide/

#peertopeerlending #peertopeer #cronj

If you have any other design tips on developing a peer to peer lending platform, post them in the comments below so others can benefit.

CronJ’s expertise in fintech goes back a long way. Thanks to their domain expertise and their specialized blockchain developers, you can start your P2P project as soon as possible. Contact us today and benefit from seamless onboarding and non-stop technical support once you successfully launch.

Contact us: – https://www.cronj.com/contact-us.html

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