P2P lending platforms are online services that connect borrowers directly with individual lenders, bypassing traditional financial institutions like banks. These platforms allow individuals to request loans for various purposes, such as personal expenses or business ventures, while lenders can earn interest on their investments. The process typically involves borrowers submitting their loan requests, which are then assessed by the platform. Lenders can review these requests and choose to fund them partially or fully. This model offers borrowers potentially lower interest rates and lenders the opportunity for higher returns compared to conventional savings accounts.