Posts

"Bharat Pe's P2P Lending Model: A Game-Changer in the Financial World"

Image
  Introduction   BharatPe , a provider of merchant payments and financial services, has broadened its consumer offerings by launching   12 percent Club a pp , a P2P lending service. The app allows users to invest or borrow money at a fixed 12% interest rate. Liquiloans, in partnership with LenDenClub, is providing the product to BharatPe. The firm previously introduced P2P loans for its merchants with the same partners in 2019, and its platform enables P2P investors to lend to merchants to reduce default rates. The Indian Central Bank extended regulatory oversight of P2P lending to include BharatPe in 2017, allowing only reputable companies with sound business plans to continue. The 12Club P2P program enables individuals with excess funds to lend to selected borrowers, who then repay the lenders regularly in either a lump sum or equal monthly installments. Grover estimates that the expected loan term on the platform will be between 3-12 months. Th e 12% Club of BharatPe P2P Lending h
Post a Comment
Read more

With the '12% Club' App, BharatPe enters the peer-to-peer lending market.

Image
  Bharatpe p2p lending , a merchant payments and financial services provider, is expanding its consumer offering by entering the peer-to-peer (P2P) lending space with the launch of its product. Individual investors can use the '12% Club' app to invest and borrow at 12% interest. BharatPe has partnered with LenDenClub and is currently onboarding Liquiloans for its consumer product. In 2019, the fintech launched P2P lending for its merchants with the same partners. To keep delinquencies low, 12 club p2p investors on BharatPe's platform will lend to its merchants. Because these merchants will be using BharatPe's payment infrastructure, the company will have an easier time underwriting these loans. Borrowing for the 12% Club will be fueled by a traditional non-banking finance company (NBFC) such as Hindon Mercantile, which will make consumer loans. Grover expects the average loan duration on the platform to be between three and twelve months. Individual investors have alre
Post a Comment
Read more