WobblyRaccoon
Any reviews for CRED mint or mobikwik Xtra?
Has anyone used these P2P lending platforms, how has been their withdrawal process and overall credibility
16mo ago
QuirkyPotato
Stealth16mo
I use cred mint.
Simple.and easy, but don't use it.
Just make an account directly with liquiloans (the nbfc partner) get 1-2% more interest for the same product.
Only problem is the 50L limit per pan, so no compounding if you are at the cap. Deposits land in your account every month.
KYC with liquiloans can take a while.
SqueakyMuffin
Zomato16mo
This one trick that every CEO hates. Sweet.
Hopefully their support is good during withdrawals. Are they bound by any Indian laws?
QuirkyPotato
Stealth16mo
NBFC's are pretty well regulated. But they source leads from unregulated non banks. SEBI has tried to reduce the risk here by enforcing guarantees on non performing assets.
DizzyNugget
Microsoft16mo
Use tradecred.Not P2P lending platform. It’s a invoice discounting platform. Better returns, lower risk.
SqueakyMuffin
Zomato16mo
You sound like the uncle who suggests taking mechanical coz it is evergreen.
Better returns? Probably
Lesser risk? Absolutely not
What's guaranteed? Only stress
FuzzySushi
Stealth16mo
Better to Use INDMoney or Fi app, Cred has minimum 1L starting deposit
SillyHamster
Mobikwik10mo
Xtra works great. Easy invesments, hassle free withdrawals. I invest ~35% of my monthly earnings in Xtra and interest earned from xtra goes to stocks/MFs
SqueakyNugget
Flipkart16mo
Every time I hear the name Mobikwik, I am immediately transported to 2016
Discover more
Curated from across
