As time goes by, the number of our needs will definitely increase. It is not surprising that various institutions in the financial sector continue to create innovations to help you meet these various needs. So, examples of such innovations are peer-to-peer (P2P) lending and payday loans. These two things are often considered the same, even though there is a comparison between P2P lending and payday loans. Anything?
Get to know P2P Lending
P2P lending is an innovation in the field of financial technology (fintech). This innovation helps you get a loan for capital assistance. In P2P lending, lenders will be brought together with parties who need a loan (borrower) through an online platform.
Payday Loan, what is it?
Now let’s move on to payday loans. This loan is a short-term loan. As the name implies, a payday loan is a loan offered to borrowers who need funds, but the time …