Which peer to peer lending is best in India?
Table of Contents
Which peer to peer lending is best in India?
Platforms Facilitating Peer-to-Peer Lending in India
| Name of the P2P Platform | Interest Rate (p.a.) | Repayment Tenure |
|---|---|---|
| Faircent | 9.99\% onwards | 6 months to 36 months |
| OMLP2P | 10.99\% onwards | 3 months and 36 months |
| i-lend | 15\% onwards | 6 months to 36 months |
| LenDenClub | 6.5\% onwards | 3 months to 24 months |
Is P2P lending safe in India?
Yes, Peer to Peer (P2P) lending in India is safe as long as you invest through an RBI Certified P2P NBFC like LiquiLoans or Faircent. Although there are other factors that you must consider before you become a lender on one of these platforms.
Can you make money on Kiva?
Yes, most borrowers on Kiva do pay interest to Kiva’s local Field Partners in some form. Field Partners collect interest from borrowers because there are many expenses associated with providing small loans in developing markets, especially in rural areas.
Is mintos good?
For a long period, Mintos was by far the best P2P lending platform in my portfolio when it came to diversification options. The tool is great for investors who don’t want to spend time setting-up their custom Mintos Auto Invest Strategy. There are however a few drawbacks with the automated strategies.
Is P2P lending regulated in India?
The Reserve Bank of India regulates the P2P lending platforms in order to protect the interest of borrowers and lenders. Peer to peer lending is booming in India and RBI, on October 4 last year issued directions for non-banking financial companies that operate peer to peer lending platforms in India.
What is P2P lending and how does it work?
P2P lending helps individuals borrow and lend money without any financial intermediaries in between. A person who wants to invest his money can lend it to another person looking for cash. And this is where peer to peer lending platforms comes to play. Is Peer to Peer Lending Legal in India? Yes!
Is finzy the Best P2P lending platform in India?
This ultimately benefits the borrower as rates of interests are controlled. Founded by Abhinandan Sangam, Amit More and Vishwas Dixit in 2016, Finzy is the one of the best P2P lending platform in India. It has raised a total of $2.3 million in investments from BFSI industry professionals and other successful entrepreneurs.
Which is the best peer-to-peer lending platform in Hyderabad?
Credy is the peer to peer lending platform where AADHAAR is the must. It is using financial analytics platform for authentication. Peerlend is a start-up based in Hyderabad. It is continuously working towards quick and hassle-free personal loan to individuals efficiently.