Over the past few years Peer-to-Peer Lending has been the top alternative source of income for people who are facing financial crisis. It has also gained its popularity for startups and businesses who lack capital or additional fund.
Furthermore, Peer-to-Peer isn’t only a saving grace for people who badly need cash. What makes it more attractive to people is that, in P2P, investment is also possible. Plus, it offers higher returns as compared to other investment platforms.
However, despite its fame and proven effectiveness to either borrowers or investors. There are still people who remain septic, some myths have also been generated regarding its concept. It’s best if we separate the facts from the fictions. Let us give your a somewhat clearer understanding as to what P2P is really is, with regards to investment.
Discussed below are some of the myths and misconceptions about Peer-to-Peer:
You need a huge amount of money to get started
This is actually not true, one noteworthy feature of Peer-to-Peer is that, anyone can start their investment with just a small capital. Take our investment product, our investors have the opportunity to invest in either our Personal or Business loans. Even OFWs or Seafarers are welcome to invest in our program.
Visit Vidalia Lending and start Investing in our Personal and Business loans. All procedures are done online so you don’t have to worry whether you are too far away or even if you’re outside the country. You can look through our website today to know more about our products and services.
Peer-to-Peer investment is too risky
Probably one leading misconception about P2P is that people tend to think that it is not yet regulated so borrowing or investing in it is too risky. Like any other investments, there are always risks to everything. As an investor, if you are to invest on a Peer-to-Peer lending, you must always check whether the P2P lending platform that you have chosen is licensed.
Peer-to-Peer is crowdfunding
Peer to Peer lending is technically a category of crowdfunding. However, although certain principles are the same, there are few differences between both concepts.
Crowdfunding – collects resources from several individuals to finance a particular project. Sometimes, individuals who invest money in crowdfunding campaign get rewards and gifts.
Peer-to-Peer lending – on the other hand P2P’s concept is lending and borrowing. Investors and borrowers are bind by an online facilitator. To make it simple, investors are the ones to lend money to the borrowers. The borrowers will then make us of the loan and repay the investors with interest.
Start investing as early as possible and improve your quality of life in the future! With Vidalia Lending, you can invest as low as P5,000, you can also earn greater returns when you opt for higher placement terms. Our fixed interest rate starts from 2% to 18% with placement terms of 2,3,6,9, and 12 months.