Peer to peer loans have gained wide traction in recent years. These loans are given by individuals and not banks. There are several websites that make this process easy. They charge a commission for providing this service. This charge can be a percentage of the borrowed amount. The loan is generally given by a group of people to one borrower. The money is borrowed directly and except for the website, there is no other intermediary. It is important to choose such a website based on your specific borrowing requirements and the way you want to borrow. Most such websites can
