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Lesson-18 : P to P lending platform
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P to P lending Platform

Rishi Jain
MBA,PGDFM Author of Bhavishya Arthik Patrika(for Civil Services), worked in SBI group for 7 years, teaching indian economy to UPSC student

Unacademy user
Hello Arpita, Thanks for the Lesson. I take Atlantic ocean related info with a pinch of salt. isn't it Africa and Europe to the east of Atlantic ocean? Please clear the doubt. Thanks, Shantayya
Astha Yadav
5 months ago
u r right . Africa and Europe are on east of Atlantic ocean.
Zayd Qamar
15 days ago
by mistake u wrote Asia
  1. Peer to Peer Lending LENDER P2P PLATFORM BORROWER


  2. P2P PLATFORM,MATCHES LENDERS AND BORROWERS BASED ON A LENDERS RISK-TAKING ABILITY AND A BORROWERS CREDITWORTHINESS


  3. FORM OF CROWD FUMDING TO RAISE LOANS WHICH ARE PAID BACK WITH INTEREST ENABLES TO BORROW AND LEND MONEY WITHOUT USE OF AN OFFICIAL FINANCIAL INSTITUTION . UNSECURED LOAN PROMOTE ALTERNATIVE FORMS OF FINANCE,WHERE FORMAL FINANCE IS UNABLE TO REACH LOWER OPERATION COST


  4. A LENDER CAN LEND A MAXIMUM OF RS 50000 TO A SINGLE BORROWER AN INDIVIDUAL TOTAL EXPOSURE TO P2P LENDING CAN NOT BE MORE THAN 10 LAC


  5. P2P ARE NOW TREATED AS NON-BANKING FINANCIAL INSTITUTION AND NOW IT IS REGULATED BY RBI


  6. THERE CAN BE MULTIPLE BORROWER AND MULTIPLE LENDER IN P2P PLATFORM


  7. Consider the following Statement: 1. It is an NBFC registered under the Company act 2013 2. It is a form of crowd funding regulated RBl and SBI both. 3. In P2P platform a single lender can lend not more than 50000 to a single borrower Which of the above statement is/ are correct? a. 1 and 3 b. 2 and 3 c. only 3 d. 1,2 and 3