DizzyPickle
DizzyPickle
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
FloatingUnicorn
FloatingUnicorn

I have 4 lac in 12 percentage club should I remove it

TwirlyBagel
TwirlyBagel
EY10mo

Yes, as soon as possible

PrancingPotato
PrancingPotato

P2P investments are never about liquidity. They are about providing relatively safer investments than MF or stocks with higher ROI than FDs. This guideline does makes sense. Although with the absence of the encouraging factor of liquidity, the adoption might dip a little.

SillyWaffle
SillyWaffle

P2P investments are presented high return instruments / relatively safer than FD - it's an eyewash from the companies side. That's why RBI is putting a leash onto it.

Think of it as from the angle of secured vs unsecured debt - to get a loan against property, your house is on line. Even if you default, they can sell your house. Thus, systemic impact is low.

But unsecured loans have no such burden. If you default, no worries. Loans can be distributed to virtually anyone - just rate would be high for likely defaulters. Thus, if a large bet goes wrong, money cannot be recovered and the effect is carried forward on the system. Eg. FinMin had to relax loan default criteria during CoVid, otherwise there was a risk on the banking stability. Same thing here.

It's always better to understand the business model behind these products

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News Discussion
by SwirlyTacoPayTM

Brace for impact people in lending biz!!!

After the recent RBI mandate to banks and NBFCs against unsecured personal loans, the lenders have pulled back their hands from digital lending. My company has already started facing the impact. Tomorrow onwards we won't be able to disbu...

Top comment
user

Okay . Stop reading from headlines. RBI ,just like it does with monetary policy, has pulled some strings, which is go...

Personal Finance
by SillyDonutTCS

P2P lending diversification

I have put lots of my liquid money into P2P lending and get 1k daily from cred mint, mobikwik xtra and 12%.

Reason- My bank pays interest which hardly can beat inflation.

Question - Where should I park my liquid money ?

PS - Markets ...

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