The interest rates are determined of the P2P member by comparing borrowers character, credit score, etc Annual interest rates recharged so you're able to consumers start around instance-to-circumstances towards P2P programs, according to the people (borrowers) credit pages and requirements. Brand new P2P platforms charges a processing commission away from 3 to 5 % on the consumers and you may a percentage of one's financing number on bank just after past EMI was acquired effectively regarding borrower. So it even more costs may differ with P2P people. Positives and negatives The benefit of P2P lending is the fact processes is not difficult to help you start credit and you may financing with this particular platform.