New Delhi, Sept. 8 -- During times of an unexpected financial emergency or an unplanned expense, a personal loan can provide a solution. Personal loans are available easily and can be availed of quickly. There are various financial institutions from which an individual can take a personal loan. Some of these include banks, NBFCs, fintechs, peer-to-peer (P2P) lending platforms, etc.

In this article, we will understand what are P2P lending platforms, how a borrower can take a personal loan from these platforms, and whether and how taking a personal loan from these platforms can affect the borrower's credit score.

A peer-to-peer lending platform is an RBI-licensed entity providing loan facilitation services via online or offline medium. A ...