2018
DOI: 10.1155/2018/2613739
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Optimizing the Borrowing Limit and Interest Rate in P2P System: From Borrowers’ Perspective

Abstract: P2P (peer-to-peer) lending is an emerging online service that allows individuals to borrow money from unrelated person without the intervention of traditional financial intermediaries. In these platforms, borrowing limit and interest rate are two of the most notable elements for borrowers, which directly influence their borrowing benefits and costs, respectively. To that end, this paper introduces a BP neural network interval estimation (BPIE) algorithm to predict the borrowers' borrowing limit and interest ra… Show more

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Cited by 7 publications
(3 citation statements)
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“…Based on previous studies [ 21 , 22 ] and combined with sample data, this paper selects a total of 5 variables as the initial model controls for empirical analysis from the above aspects. The control variables are the amount of the loan (log), the educational level of the borrower, the credit limit (log), the credit report, and the number of successful borrowings.…”
Section: Methodsmentioning
confidence: 99%
“…Based on previous studies [ 21 , 22 ] and combined with sample data, this paper selects a total of 5 variables as the initial model controls for empirical analysis from the above aspects. The control variables are the amount of the loan (log), the educational level of the borrower, the credit limit (log), the credit report, and the number of successful borrowings.…”
Section: Methodsmentioning
confidence: 99%
“…We select P2PRate, P2PPeriod, CSI300 and CPI as the control variables for the following reasons. First, the interest rate of P2P lending industry [35] and loans duration [25] do significantly affect individual investors' participation and trade behavior in the P2P market. Yield of CSI 300 index measures the average return in the stock market which is an important alternative market.…”
Section: Model Settingmentioning
confidence: 99%
“…P2P (Peer-to-Peer) lending, is an emerging online service that allows individual to borrow money from unrelated person without the intervention of traditional financial intermediaries. By these models, there are two worth noted by borrowers, are the interest rate and loaning limit, which directly impacts the benefit and costs, respectively (Li, Wu, and Tang 2018).…”
Section: Introductionmentioning
confidence: 99%