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Peer2Peer Finance News: "PEER-TO-PEER lending software provider Madiston has launched two new products, to encourage the growth of "ethical lending" in the personal loans space. One of the products, salary deducted loans, enables employees to authorise their employers to pay their loan repayments directly from their salary, while gaining a reduction in the interest rate charged on their loan.
The other product, intra-month loans, works similarly to invoice finance for businesses but for employed individuals. People who are paid monthly will be able to access their money during the month to boost their cash flow, releasing financial pressure before payday.