Peer to peer lending (or P2P lending) is one of the most innovative financial products of recent times. It enables creditworthy borrowers lower their cost of loans and individual lenders/investors to lend directly to their peers and community thereby earning higher returns.What we at Faircent.com essentially do is provide a virtual market place where borrowers and lenders can interact directly, without having to go through the traditional financial intermediaries like banks, who have become such behemoths in today�s time that they dictate all terms and conditions for both borrowers and lenders.Banks have massive overheads, with thousands of employees to pay and hundreds of branches to maintain. To maintain profitability, banks must take large margins on the money that passes through them.. Earning out of the difference in interests (what it pays to depositors and what it charges from borrowers) is the main source of revenue for any bank, and has been the key element in the functioning of all traditional financial institutions.We at Faircent help eliminate the high margins which banks and financial institutions make on your transactions. Our format allows us to keep institutional charges at a bare minimum and we simply pass on this benefit to you! Here, you can interact directly with fellow borrowers/lenders, negotiate terms and conditions about interest rates, tenure of loans, etc, and strike a deal on your own, without any intervention/imposition from our end. You pay us a simple Listing fee. Faircent.com does not earn out of your interests and hence you do not pay us out of every EMI in your transactions.