Borrowers and lenders may or may not know each other in peer to peer lending

SaveIN app lets you borrow instant money from your very own contact list. Your lenders are your friends, family, colleagues and acquaintances.

There is a risk of a default payment in case of Online Peer to Peer lending as the lenders and borrowers do not know each other and there is no banking institution involved.

SaveIN facilitates instant transactions between your close and known ones so you always have the surety of getting your money back.

There are numerous background, personal and credit history checks done for the borrower before asking for a loan which can be time consuming.

 Borrowers and lenders already know each other well while using SaveIN, so the process of asking for a loan becomes easy and fast.

Interest charged by the lenders can be high on Peer to Peer lending platforms

There is a personal consideration by the lenders towards the borrower, so the interest charged may not be exorbitantly high.

There are numerous background, personal and credit history checks done for the borrower before asking for a loan which can be time consuming.

 Borrowers and lenders already know each other well while using SaveIN, so the process of asking for a loan becomes easy and fast.

Interest charged by the lenders can be high on Peer to Peer lending platforms

There is a personal consideration by the lenders towards the borrower, so the interest charged may not be exorbitantly high.

There are regular EMI’s to be paid by the borrower which are credited to the lender’s account in Peer to Peer lending.

While transacting on the SaveIN  app, the borrower can clearly define the timeline to return the loan to the lender post which he gets automated reminders to pay back the lender.

With these amazing benefits and ease of transactions SaveIN is clearly the smarter choice for an instant loan.

Download the SaveIN app today and enjoy all these benefits.

#India Kare SaveIN.