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Faircent launches book on P2P lending ‘Every Percent Counts’

According to a statement, the book traces the evolution of online lending, highlighting the intricacies of P2P lending in the Indian context and explains the impact of regulations on the sector.

ET Online|
Last Updated: Jan 17, 2020, 10.45 AM IST
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ET Online
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"This book aims to satiate the curiosity of investors by familiarizing them with the concept of P2P lending in India,” said Rajat Gandhi, Co-Founder & CEO, Faircent.com
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Leading NFC-P2P, Faircent.com, has announced the launch of a book on P2P lending in India – “Every Percent Counts”. The book is aimed at creating awareness and education around the new asset class of P2P Lending. With the RBI increasing the lending limit to Rs. 50 lakh recently, the book has come at a very opportune time.

According to a statement, the book traces the evolution of online lending, highlighting the intricacies of P2P lending in the Indian context and explains the impact of regulations on the sector, it’s contribution to financial inclusion and how it has been successfully accepted as an asset class. The book also explains the details and procedures for investing, taxation structure, investment by NRIs and provides tips on how to build diversified portfolio to earn more.

The book is in English and is available on Flipkart and Amazon India.

“Peer to Peer (P2P) Lending is one of the most exciting areas of investment today and is growing at an exponential pace. It is fast gaining acceptance as an investment opportunity that allows investors to earn returns on their surplus funds by lending it to individuals and small businesses in need of credit. This book aims to satiate the curiosity of investors by familiarizing them with the concept of P2P lending in India, encouraging them to invest wisely and experience this new form of wealth creation,” said Rajat Gandhi, Co-Founder & CEO, Faircent.com in a statement.

In May 2018, Faircent.com became the first platform to receive the Certificate of Registration (CoR) as an NBFC-P2P from the Reserve Bank of India (RBI).

“While P2P lending is fast gaining acceptance as an asset class, the sector is still in its nascent stage when compared to similar such opportunities like Stock Market and Mutual Funds. This book aims to address all the questions that investors have regarding P2P lending, comprehensively and authoritatively. Every Percent Counts is a guide on how to reach your financial goals through P2P lending,” says Vinay Mathews, Co-Founder & COO, Faircent.com.

In addition to simplifying access to credit for individuals, Faircent aim to improve the access to finance for SMEs by facilitating loans and reducing costs by connecting them to individual and institutional lenders.

Also Read

NBFC-P2P Association appoints Faircent’s Rajat Gandhi as its new President

Faircent ties up with Cube Wealth

Faircent raises fresh funding from investors led by Das Capital & Gunosy Capital

Faircent says 64% of all loans disbursed in 2018 were to SMEs

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