Explore the top 11 P2P lending applications in India! Discover minimum investments, interest rates, user reviews, and platform safety. Find the best P2P app for you,
Topic Overview
This list provides an overview of various platforms offering peer-to-peer (P2P) lending and investment opportunities . It includes both established players and potentially newer options. Remember, this is just a starting point, and thorough research is crucial before using any financial service. The description and data are from the study date. This might alter with time.
A Quick Table
- Cred mint
- Cashkumar
- 12% club
- Fello
- MobiKwik
- LenDenClub
- LendBox
- i2i Dunding
- Liquimoney
- FairCent
- Finzy
Cred Mint 🔗
A selective peer-to-peer (p2p) investment program, allows you to potentially earn high returns (up to 9%) by lending to pre-vetted borrowers. Track your investments and access your money anytime, but be aware there are limited spots available. This isn’t the widest-access p2p platform, but could be a good option for those seeking competitive returns with flexibility
CashKumar Lender 🔗
Cashkumar is a P2P lending platform registered with RBI that lets you earn potentially high returns (11-14% average) by financing short-term working capital loans (7-28 days) for pre-approved businesses in tier 2 and 3 cities in India. This can be an attractive option for investors seeking high returns with some flexibility, but there’s no mention of a minimum investment amount.
12% Club by BharatPe 🔗
This platform offers investment opportunities with potential returns of up to 10.5% annually. There’s a minimum investment of ₹10,000 and various plans with different lock-in periods. It emphasizes ease of use and security. However, keep in mind this is not a leading p2p platform and it’s important to understand the risks involved before investing.
Fello 🔗
Fello is a popular Indian app for saving and investing. It offers up to 15.5% annual returns through digital gold and P2P lending (Fello Flo) with a minimum investment of unspecified amount. You can also earn rewards through weekly draws with tickets you get for saving. While not explicitly a leading p2p platform, it does offer P2P options alongside other investment opportunities.
MobiKwik 🔗
MobiKwik XTRA is a P2P lending platform where you can invest as little as ₹1,000 and potentially earn 12% annual interest. Unlike fixed deposits, your money is accessible anytime with no lock-in period. It’s regulated by the RBI and offers daily interest payouts.
LenDenClub 🔗
LenDenClub is a leading P2P lending platform in India that allows you to invest in loans to borrowers and potentially earn high returns (up to 15% annually). They boast a user-friendly platform with a low minimum investment of ₹10,000 and focus on diversifying your portfolio to minimize risk.
Lendbox 🔗
Lendbox is a leading p2p investment platform in India with a minimum investment of ₹10,000. They offer high potential returns (up to 14% annually) through a variety of debt investments. You can choose your risk tolerance and track your investments easily through their app.
i2i Funding 🔗
i2iFunding is a platform for peer-to-peer (P2P) lending in India. It connects borrowers seeking personal loans with investors looking for high returns (up to 30%). Investors can diversify their investments by lending small amounts to multiple borrowers. The minimum investment amount is not specified, but borrowers can get loans with attractive interest rates starting at 12%.
LiquiMoney | Liquiloans 🔗
LiquiLoans is a P2P lending platform in India that allows you to invest in creditworthy borrowers and potentially earn high returns (up to 10.5% annually). They minimize risk by diversifying your investment across many borrowers and offer a secure platform to manage your investments. The minimum investment amount is ₹10,000.
FairCent 🔗
Faircent is a peer-to-peer (P2P) lending platform that connects borrowers and lenders. Borrowers can get personal loans at rates potentially lower than banks (13-18% interest rates mentioned), while lenders can earn interest on their investment (13.19% p.a). Faircent emphasizes a user-friendly experience and customer service.
Finzy 🔗
Finzy is a peer-to-peer lending platform that connects borrowers with lenders. Borrowers can get personal loans with interest rates starting at 10.99% and loan amounts up to ₹5 lakhs. The loan approval process is quick and easy, with funding possible in as little as 48 hours. However, it’s important to remember that peer-to-peer lending involves risk, and lenders are not guaranteed a return on their investment.
