Peer to peer lending with Rainfin loans

Rainfin loans – The financial and banking markets have been tremendously altered by constant innovation especially by the micro lending sector. The traditional ways of lending and borrowing money from commercial institutions has been challenged by micro lenders whose ways of doings business are completely different from the traditional commercial institutions. Factors like requirements, interest rates, repayment periods and even payment durations have all been altered by micro lenders. One institution making a contribution in this regard is Rainfin.

Rainfin is an online social lending marketplace that links borrowers directly with lenders. Rainfin has therefore become a community where individuals can safely, quickly and cheaply borrow and lend from and to people around. Rainfin works on a community principle which promotes peer to peer lending. In other words this is banking between friends and relatives but this community extends to thousands of people and finance can easily exchange hands between friends and relatives knowing that the process is formalised. Rainfin also allows individuals to invite people in the wider social networks. The benefits accrued are lower interest rates and lenders have the possibility to invest in fixed return asset class. To get access to loans and credit, individuals just have to be registered under the Rainfin peer to peer traders list.

Rainfin has indeed driven some of the high costs and complexities out of the lending model.