What is decentralized lending?

Decentralized lending platforms provide loans to businesses, or the public with no intermediaries are present. On the other hand, DeFi lending protocols enable everyone to earn interest on supplied stable coins and cryptocurrencies.

What is digital lending platform?

Digital lending platform enables borrowers and lenders to lend money through paperless or electronic means, offering ease of use, enhanced consumer experience, and reduced overhead through customer verification time savings.

Is LiquiLoans safe to invest?

Top 5 Reasons To Try Our Powerful Investment App! Yes, Peer to Peer (P2P) lending in India is safe as long as you invest through an RBI Certified P2P NBFC like LiquiLoans or Faircent. Although there are other factors that you must consider before you become a lender on one of these platforms.

Why is digital lending important?

Digital lending is a powerful tool that can be used for financial inclusion. With new innovations underway, digital lending has enabled many Financial Service Providers a way to offer much better products to the masses at a much faster rate which is even more cost-efficient.

What are Decentralised platforms?

Decentralized lending platforms allow anyone, anywhere, to share and borrow with the requisite of an Ethereum wallet. These DeFi lending platforms serve as the newest financial service enabler, all while implementing the security and trustless benefits that blockchain and cryptocurrency provide.

How does LiquiLoans work?

All borrowers approved by LiquiLoans are curated through various data points and undergo stringent verification. The borrower agreement is a legally binding document. A collections process is evoked to recover funds which will impact the borrowers high credit rating (CIBIL).

How reliable is Faircent?

This is a fake company they will take 500 rupees and will not process your loan. Even if you have good CIBIL score they will cancel the loan request. Do not invest money here.

What is Fintech lending?

In this paper, we review the growing literature on FinTech lending – the provision of credit facilitated by technology that improves the customer-lender interaction or lenders’ screening and monitoring of borrowers.