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Is Faircent Loan Safe?
Infact, Faircent has a strict borrower selection criterion. Although, this is unsecured lending, lenders can seek legal help and Faircent also has a soft recovery and collections process to ensure the safety of the monies invested through the platform.
Is Lendbox RBI certified?
Lendbox gets NBFC-P2P Certification from RBI (Reserve Bank of India) We are excited to announce that Lendbox is now an RBI registered NBFC-P2P making us a fully authorized and regulated entity which can legally operate a P2P Lending Platform.
Can I invest in Faircent?
P2P Lending allows you as an individual to invest in loans and make returns in the form of interest. The loans are extended to borrowers on Faircent only after they have been thoroughly assessed for their stability, ability and intent to repay across 120+ parameters and properly verified.
Which P2P Lending is the best in India?
Platforms Facilitating Peer-to-Peer Lending in India
| Name of the P2P Platform | Interest Rate (p.a.) | Repayment Tenure |
|---|---|---|
| Faircent | 9.99\% onwards | 6 months to 36 months |
| OMLP2P | 10.99\% onwards | 3 months and 36 months |
| i-lend | 15\% onwards | 6 months to 36 months |
| LenDenClub | 6.5\% onwards | 3 months to 24 months |
What is Faircent?
Faircent.com (Fairassets Technologies India Pvt Ltd) becomes India’s first P2P Lending platform to receive a Certificate of Registration (CoR) as an NBFC-P2P from the Reserve Bank of India (RBI).
Is it good to invest in P2P lending?
Regular income: If you are lending to your peers as an investment, it can be a source of regular income as well. Higher returns: The best part of P2P lending is that you can earn a higher return than the traditional banks earn on their loans. Your portfolio can be well-diversified too.
Is it safe to lend in Lendbox?
Lendbox is strictly not responsible for any defaults made by borrowers. But if you remove the veil there is a business, Conflict of interest between a lender and a P2P company. I lent in both platforms. NEVER EVER lend in Lendbox. It is suicidal investing lendbox.
What does Lendbox do?
What lendbox do: Lendbox connects lenders and borrowers online. That is the one and only thing it would do. Lendbox is strictly not responsible for any defaults made by borrowers. But if you remove the veil there is a business, Conflict of interest between a lender and a P2P company. I lent in both platforms. NEVER EVER lend in Lendbox.
What is Faircent P2P lending?
Faircent.com (Fairassets Technologies India Pvt Ltd) becomes India’s first P2P Lending platform to receive a Certificate of Registration (CoR) as an NBFC-P2P from the Reserve Bank of India (RBI). How Do I Get Started? Check out your monthly loan payments, both interest and principal payments, by setting loan amount, tenure and rate of interest.
Which is the best peer-to-peer lending platform?
I-lend.in is one of the oldest peer to peer lending platform around and has been trusted by thousands of investors and borrowers. Being the oldest, this platform is amazingly good and most trusted.