#PeertoPeer

#PeertoPeer
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13-Aug-2018
This is a good way to understand the peer to peer lending process.  #PeertoPeer  Read More...
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Follow me on Wealthtrust!!!
13-Aug-2018
Did anyone try Peer to Peer lending websites? I was checking them and found very lucrative returns in Faircent. Please see image. If any of you uses them, please share your experience and guide me on using them. #PeertoPeer Read More...
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13-Aug-2018
I have invested Rs 50000 in faircent. I did it just to get an exposure to a different type of investment. My advice for you is to keep away. Since no collateral is taken from the borrower other than a signed cheque, the incentive to repay is just too low. Even though p2p platforms talk about loan recovery through specialised collection agents in case of defaults, the reality is different. The collection system is too weak, and going to borrowers locality for forcefully collecting a small loan amount is not going to work in india. Default rates are low only for loans with the least interest rates, i.e a return of 10-12% over 2-3 year tenure of loan(not per annum). Default rates of higher interest loans are unacceptably high. I will quit once my principal is recovered in the next few months. Read More...
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13-Aug-2018
How is Lendbox for peer to peer lending, returns seem attractive.  #PeertoPeer  Read More...
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