WHAT IS A P2P LOAN WITH NO GUARANTEE ?
A P2P loan without guarantee is mainly granted through a private investor or private lender for a private person or a business person without asking for a guarantee.
A P2P loan without guarantee is usually obtained from private lender where the borrower is proving a regular and stable income without the need to add any security.
A P2P loan without a guarantee is a financing that is granted by an individual to another individual but without the need for a guarantor.
Loan without guarantor from a private sector is the most used form of private credit because there is no point in putting another private guarantor for a loan that is already private.
Financing with no guarantor in a private setting is definitely feasible when the borrower is not caught in a gear of some indebtedness.
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