The op­tions of the loan plat­form

CityPress - - Business -

A peer-to-peer lend­ing plat­form could be an op­tion if you want to lend money to fam­ily and friends. If you have a rel­a­tive who wants to bor­row money, tell them to list their loan through Len­dico and that you will in­vest in it. In this way, you re­ceive in­ter­est on the loan and the trans­ac­tion is han­dled by an ob­jec­tive third party who will de­ter­mine the rel­e­vant in­ter­est rate and han­dle the le­gal­i­ties should the loan turn sour.

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