INDIA PEER TO PEER MORTGAGE LOAN INDIA P2P HOME FINANCING REAL ESTATE LENDING
In India, a P2P (peer-to-peer) mortgage loan is defined by a loan to real estate investment made by an Indian landlord and financed by a several Indian investors who are using an Indian P2P platform to lend money.
In India, a P2P mortgage loan is dedicated to help future Indian home owner to access to funds via private Indian investors as they are not happy with the terms and conditions offered by commercial Indian banks.
Indian peer-to-peer real estate lending is at the beginning and since classical mortgage lending is very competitive in India most of P2P platforms that concentrated on real estate dealt almost with commercial properties, however Indian mortgage lending is slowly gaining importance as contributor to the Indian mortgage financing trying to replace the classical mortgage lending via Indian banks.
In India, P2P mortgage lending prenset the advantages that opting for a peer to peer lending platforms to fund a mortgage is an easy online access to sign up and competitive interest rates for borrowers with good credit score.