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Good news for investors in india. Peer to Peer lending companies are giving higher rate of returns over lending in short time. Recently the government of india RBI has given NBFC certifates of authorisation to few companies and more to follow.
As per source there are around 30 companies in the entire country as of now, of which most companies are giving assurance for higher rate of interest and return over capital on completing lending tenure
About P2P companies starting in india
As per RBI guideline, every P2P companies are to follow some guideline to operate in india.
Every company need to have a balance sheet of INR 20 million to operate.
Need to pass transaction through escrow account.
Can’t accept lenders from outside the country for now.
Some Benefits about Peer to Peer companies for lenders.
Good interest rate of return over short period of Time, many companies will able to deliver 30% return over lending capital amount in 12 months.
Peer to Peer Companies gives you choice of options over types of investment for lenders to choose.
P2P companies gives you legal guarantee for capital investment return on completing your tenure.
You get good fixed rate of high interest every month.
It’s in early stage, P2P business is predicted to grow bigger at 200-500 % increase in next five years.
As of today many common people are not much aware about P2P business in india and are yet to tape into this new type of investment options,
which will surely disrupt many traditional financial investment system.
My Opinion: Definitely I’ll go with P2P companies if I were to make quick high income and which are highly reliable.
P.S :- contact me if you would like to start investing or lend in P2P company’s with 5% -7% monthly interest rate.
Cheers!
