 As a result, lenders can earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making platform and credit checking the borrower.There is the risk of the borrower defaulting on the loans taken out from peer-lending websites.Also known as "crowdlending", many peer-to-peer loans are unsecured personal loans, though some of the largest amounts are lent to businesses.