MagicalRaccoon
MagicalRaccoon

Views on Cred Mint

Shall I invest in Cred mint?. Please let me know if anyone has invested or any other views over the same

16mo ago
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ZoomyMuffin
ZoomyMuffin

Invested 1L and then withdrew 90K.

Their minimum investment size can be gamed.

SquishyQuokka
SquishyQuokka
Gojek16mo

Have  invested close to 1L. It is money you need to be okay losing because default risk is higher.

ZippySushi
ZippySushi

I was PM for the most famous p2p app in the country, cred mint is safe for now but will turn problematic in a couple years of time once NPAs will pile up and NPAs will pile up. P2p is a high risk product, if you really have disposable income you can put it their else put it in an index fund and you’ll make 9% post taxes with limited downside.

QuirkyNugget
QuirkyNugget

If you have more than 50L saved up you can choose to go to these random platforms. Till 50L follow a disciplined approach such as index investing + FDs.

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by CosmicBurritoProduct Manager

Cred Mint 9%

Hey guys if you are using Cred Mint for lending, please help. I wanted to know if you guys get the 9% return per annum as promised and what are the downside of this investment, if any.

Also, is there any better alternative to Mint?

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by SqueakyBobaBackend Engineer

Thoughts on 12% club

I am thinking to invest around 1lakh on a p2p lending platform with secure interest rate thoughts about 12% club