In India, a peer-to-peer (P2P) loan for an Indian senior citizen or elderly consists by definition of a cash facility which is provided through Indian lenders via P2P platforms and dedicated to Indian aged people.
In India, a P2P cash loan for a senior citizen has the objective to give financial assistance to people to have a certain age, being retired or not, and who for specific reasons are struggling to obtain cash from Indian banks.
In India, a peer-to-peer lending facility for senior citizen is a good solution for Indian people over 60 years old who need finance some of the important needs for living in case their income is not sufficient.
In India, a P2P loan for senior Indian people is usually provided on a short-term basis and covers small amounts, in case an older borrower is wishing larger cash amounts and loner terms, a reverse mortgage in case he owns a home, is possible.