What is Peer to Peer Lending? – LenDenClub, RBI registered NBFC-P2P

Published on June 16, 2021

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What is peer to peer lending?

Peer to peer lending also known as P2P lending is the process of lending money to individuals or businesses through online lending platforms. Any individual financial institution or investor can become a lender of peer to peer lending and earn interest paid by the individual or business who has borrowed money.

Peer to peer lending platform is taking the banking model and revising it entirely to create a positive borrowing and lending climate. Peer to peer platforms function completely online, hence lenders can earn a higher RoI on their investments and the borrowers can get affordable rates.

Source: https://www.lendenclub.com/peer-to-peer-lending/

LenDenClub is India’s fastest growing NBFC-P2P. LenDenClub got NBFC-P2P certificate of registration by Reserve Bank of India in July, 2018.

To start investing in P2P loans with LenDenClub go to http://bit.ly/InvestInLDC​

It takes just 2 minutes to register.

Download LenDenClub Investor App now.
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What Is Peer Lending

What Is Peer Lending, What is Peer to Peer Lending? – LenDenClub, RBI registered NBFC-P2P.

Why You Should Invest Or Borrow With Lending Club

The current national average for a $5,000 36-month loan is 12.26%. Also known as P2P, this type of lending is preferred over alternative because of lower interest rates. The only problem with a cash advance is that they are usually very short term.

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Top 5 Reasons To Invest With Peer To Peer Lending

If you follow the idea of diversification, then you need to carefully rethink your investing strategy. However, borrowing from family members and friends can stress your relationship. This is how structured settlement investments essentially work.

Folks always ask “what are the best short term investments?” and the answer is really quite simple. It is an individual preference. The best investments are obviously ones that you will make money from that is after all the goal in any investment vehicle.

Go with INTERMEDIATE-TERM bond funds to lower your interest rate risk (losses due to interest rates going up). Go with high to medium quality CORPORATE BOND FUNDS vs. government bond funds to boost your interest income without greatly increasing your risk. To get the best Peer-to-peer lending investment look for no-load funds (no sales charges) with expense ratios of less than.25%. Why pay 3% or 4% in sales charges and over 1% a year in expenses to earn 2% to 3% in interest income with the possibility of losing money if interest rates go up in 2012 or in the years that follow?

Two-income married couple, no children, aged 20 to 40 years. Focus: Long-term investments, medium to high risk. Emphasis: capital gain, compound growth.

A new source of borrowing is called “Peer-to-peer lending”. This is where individuals put up money to loan to other individuals. The bank is by passed entirely. Now, this is a new format and it would be wise to check it out on the Internet and maybe the FTC. Just Google, “peer to peer lending”. You will find articles as well as websites and these can be great sources of information.

First, we’re looking for funds with NO upfront sales charges or loads. You can find them by searching the internet for “no-load funds”. Second, we want a low expense ratio… the lower the better. Data for every fund shows sales charges and expenses, this info is not a secret; it is just overlooked by the average investor. Third, to qualify as good Investments, stock and bond funds need to perform in line with their benchmark. If you can find fund companies that have funds that meet all three of our criteria, you’ve found some good investment options for 2011 and the future.

Investment is nothing but saving when you are spending. For taking the right steps, you need not learn the financial technicalities or jargon. You should move on the right track for which a financial planner may help you. Once you are on the right track, you can definitely have a good grip on your finances. Then, managing your investments will not be an issue at all.

Managing your finances involves your family members also. Therefore, once you learn how you should go about it, you should ensure that all your family members also learn whatever you have learned. This will help you in making the right decisions with their co-operation. Sometimes, you may have to cut corners and so, without their co-operation, you can not achieve your goal. Cutting corners does not mean you should not enjoy the small comforts and luxuries of life. The main point is that you should never squander money.

Also, there may be state run business development centers that can provide either information or funding. This will depend on your risk tolerance, whether you want to be conservative or more aggressive.

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