Online lending platforms are digital services that connect borrowers with lenders through the internet. These platforms allow individuals and businesses to apply for loans without visiting a bank. They often use technology to assess creditworthiness quickly, making the borrowing process faster and more convenient. Many online lending platforms offer various types of loans, including personal loans, business loans, and student loans. They typically provide competitive interest rates and flexible repayment terms. Popular examples of these platforms include LendingClub, Prosper, and SoFi, which have gained traction for their user-friendly interfaces and efficient loan processing.