This is new scheme which gives 9% intrest p2p lending. Is this safe? Any views on this
You making a mistake. There is nothing safe. Safest is GoI debts(aroudn 7% as of now) in nominal terms. If rate is higher by 2% which is 9% and company goes belly up once in 50 years, you will be breakeven. If you think compamy will not default not even once in 50 years go for it else no.
PS. Above is back of the envelope calculation. Exact calculation and risk measurement differs
Btw these are unsecured loans. 2% default rate is very common in personal unsecured loans.
we are flooded with calls for personal loans from every bank and nbfc. Mostly people not deemed fit by banks will avail these kind of loans. Default rate will be much much higher.
Yeah. 20 % default rate is like minimum norm for p2p.
These are guys who couldnt raise loan from banks, friends/family, LIC and NBFC. Basically the riskiest of all loans.
Without any details of your life stage, risk cover, net-worth, risk appetite, income, etc.
Do this when you have at least 2 cr in liquid investments. Alternate Investments are pointless and not needed before that, imo they aren't needed even after that.
Iam 26 saved 8 lack, i just wanted to know if such scheme are trustworthy. It's more linke 12 percentage club.
Totally not worth it. Why'd you want to diversify for a 50 basis point delta with unknown risk.
Focus on building a conventional Core + Satellite for the long term via MF/ETF.
All these bells and whistle products are good to play with when you have a 2 Cr plus liquid investment - typically by your 40s. Faster if you invest more :)
Good luck!
For 9% on a risk to reward ratio i would choose an fd with a small finance bank. Last i checked unity and a few others were offering it. You'd be insured up to 5L too.
TLDR advice, don't invest in P2P lending,
it's basically just village zameendar ka byaj business in app form.
thought on p2p lending as a investment like Cred mint, 12 percent club, OkNivesh (okcredit) Grip Invest, India P2P etc.
i do not faced any problems with withdrawal and i used Cred mint and 12 percent club
but scared as might be chan...
P2P is a black swan risk. For 2-3% percent extra you risk your entire capital. The risk is mostly unseen because if i...
Hi folks, Noob here I have surplus money laying around in bank and FDs.
Total ~ 19L Bank: 7L (extra didn't account for amount which I will hold in bank) FDs: 12L( This could be an Emergency fund?)
