tenet
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
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Curated from across
Has anyone used these P2P lending platforms, how has been their withdrawal process and overall credibility
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.
This one trick that every CEO hates. Sweet.
Hopefully their support is good during withdrawals. Are they bound by any Indian laws?
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.
Use tradecred.Not P2P lending platform. It’s a invoice discounting platform. Better returns, lower risk.
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
Better to Use INDMoney or Fi app, Cred has minimum 1L starting deposit
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
Every time I hear the name Mobikwik, I am immediately transported to 2016
Saw an ad by Mobikwik where they are mocking cred. After bharatpe debacle, Mobikwik extra is doing good and firm is profitable as well.
What do you think about Mobikwik in world of Paytm, phone pe and gpay post IPO??
Cred is truly a topic of surprise for me. Yes, I understand it has created a community of top spenders/credit worthy people in India. I also understand that they can use the information on such people for creating value for themselves.
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I feel cred is doomed and just trying to increase its value. And the end goal is to sell the cred to someone with h...
I am thinking to invest around 1lakh on a p2p lending platform with secure interest rate thoughts about 12% club
