P2P platforms enable lenders to earn a higher rate of interest.
Two prominent fintech players recently announced their entry into peer-to-peer (P2P) lending. Cred launched a P2P platform called Cred Mint in partnership with a Reserve Bank of India (RBI)-registered P2P non-banking financial company called LiquiLoans. BharatPe will carry out P2P lending via an app called 12% Club.
P2P platforms enable lenders to earn a higher rate of interest. Cred, for instance, is promising its lenders up to nine per cent return. “While Cred does not guarantee this return, our risk analysis shows it is highly probable members will make nine per cent return as the risk
First Published: Aug 31 2021 | 6:01 AM IST