Ajmonk96
Hey ind money launched save plus
This is new scheme which gives 9% intrest p2p lending. Is this safe? Any views on this
14mo ago
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Curated from across
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.
