Processing work on peer-to-peer platforms faster, top-ups usually easier than banks.
One debate that is constant in the sphere of economics and money management is around interest rates.
Faircent.com, India’s leading NBFC-P2P and largest P2P lending platform, was recently recognised as one of the most innovative fintech start-ups in the country.
Happy with the high returns and monthly income generated Karan increases his investments on the platform while Priya, encouraged by strong processes, edgy technology and ease of investing on Faircent.com opens her own account and starts investing on Faircent.com. P2P Try Kiya Kya? https://bit.ly/2xskHMC
Karan invests on Faircent.com with a target of making 15%-20% p.a returns by year-end. He uses smart tools like Auto-Invest to build a diversified portfolio by investing small amounts across a large number of loans. Happy with the monthly EMIs, Karan reinvests the EMIs to enjoy the benefits of compounding returns. Good returns, monthly income and satisfaction – It’s a Hattrick! P2P Try kiya kya? https://bit.ly/2PP9gFA
We meet the three friends – Karan, Cyrus and Prashant – who advise each other on investment decisions. Karan and his wife Priya are looking to invest their surplus funds. While Cyrus wants them to consider investing in stock markets, Priya’s friend Sid introduces them to a new investment opportunity – Peer-to-Peer Lending. They research the opportunity and decide to invest on Faircent.com, India’s largest NBFC-P2P lending platform. (Advertorial)
Online lenders not only allow customers to borrow for short tenures, but also offer the choice of prepaying the loan without paying interest burden for the entire tenure.
The apex court ruled that private entities cannot force anyone to share Aadhaar data for the purpose of KYC authentication.
Many individuals above 50 years are enquiring these days about lending money on peer to peer or P2P platforms to earn higher returns.
Credit cards can be extremely handy when it comes to making an impulsive high-ticket purchase.
Here are the frequently asked questions about Peer to Peer (P2P) borrowing and how it can help you in your business growth.
Faircent.com, leading peer-to-peer (P2P) lending company, has reduced the minimum rate of interest for unsecured loans to 9.99 per cent.
Digital lending platforms are becoming popular among youngsters who are in urgent need of money and prefer a paper-less process for sharing documents.
Faircent is a virtual marketplace, a platform which enables creditworthy borrowers to lower their cost of loans and individual lenders lend directly to their peers and community thereby earning higher returns.
This report demonstrates how as a platform Faircent.com is able to service the underserved section of the society along with some case studies of borrowers who have benefitted due to financing through the platform.
Thinking of giving your traditional home a modern makeover? Or need money to buy your dream car? A personal loan can be of instant help, though costly in most cases. Is there something convenient as a personal loan but cheaper than a credit card? Well, peer-to-peer (P2P) lending platforms have custom-made offers to suit your various needs. Here are some reasons, why you should consider P2P loans.
P2P is an online marketplace where lenders get access to people who need to borrow.
You can start investing as low as Rs 750 per loan. An individual lender can invest up to 20%, high net worth individuals up to 50%, and institutional lenders up to 100% of the total loan amount requested by a borrower. One must pay a non-refundable, one-time registration fee of Rs 1,000 at the time of signing up. Loan period ranges from 6 to 36 months. Lender can choose the borrower based on to the loan periods that suit them. Interest rates range between 12% and 28%, and would depend on how you spread your investments.
The Peer-to-peer (P2P) online platform aims to bridge the gap between people who can lend and those who want to borrow without any security.
Here are the frequently asked questions about Peer to Peer (P2P) lending and how it can be an interesting investment option for you.
Peer-to-peer (P2P) loans are catching the attention of youngsters across metros.
Here’s a list of five things you should know before planning to lend on P2P.
Rajat Gandhi, Founder & CEO, Faircent, says it is important to understand the risks involved with peer-to-peer lending.
Here are some FAQs to help you understand Peer to Peer lending better.
Personal finance for travel now account for between 12% and 20% of the total loan portfolio of these lenders.
Several million MSMEs that lack a tangible financial record are thus not eligible for credit from legacy financial institutions who still use traditional credit and financial data to evaluate eligibility.
Faircent recently received the NBFC P2P lending licence from the RBI, making it the first P2P firm to get the certification.
The platform currently has more than 40,000 registered lenders and 3.5 lakh registered borrowers, and has facilitated over 6,000 loans cumulatively till date.
The move is aimed at integrating blockchain and other emerging technologies with existing tools for enhanced delivery of fintech services like digital and P2P lending.
“A regulatory ring fencing is needed to tell the players the area in which they can play.”
In its 'Consultation Paper on Peer to Peer Lending', the RBI highlighted how these web-based platforms are providing easier access of credit to small entrepreneurs by bringing prospective borrowers and lenders together.
Aditya Bhandari, Co-head Asia, Incofin said, "Faircent provides an efficient and dynamic platform to directly connect lenders with varied profiles of borrowers.
Unlike in a bank, where the interest rate is largely a function of the cost of funds, in a P2P platform, the borrower's profile decides the interest rate.
Peer-to-peer lending is a form of crowd-funding used to raise loans for people who need to borrow, from people who want to invest.
One of the key trends highlighted in the report is that millennials form the most active lender and borrower demographics.
The new kid on the block of lending and financing operations is P2P lending, however, in order to ensure that the sector is well protected, RBI is talking about introducing a form of leverage ratio for it.