The analysis was conducted on LenDenClub’s active investor base of over 6 lakh, for the period January-September.
Investment in Peer-to-Peer (P2P) Lending has witnessed a rise of 86% compared with a year ago in Gujarat, as per consumer analysis of LenDenClub. The company witnessed a rise of new investors and investments by 11% and 21%, respectively, within Ahmedabad.
The analysis was conducted on LenDenClub’s active investor base of over 6 lakh, for the period January to September.
Close to 35% of the investors investing in P2P lending was primarily the younger population, from the age of 31 to 40 years of age. Investment in the P2P space was mainly dominated by males with 61%, whereas female investors constituted 39%
“We have seen huge growth among the young investors of Gujarat as they want inflation-beating investment options. The asset category is rapidly growing as an alternate investment option from FD or debt mutual funds. We expect the current investor base hailing from Ahmedabad to grow by 30% by the end of FY22. In our data, we have also seen users who have experienced return frequently investing for longer,” said Bhavin Patel, founder and CEO of LenDenClub.
Investments in the range of Rs 500 to Rs 5000 were among the most popular categories. People who have diversified their investments in different borrower categories have reduced the risk and earned an interest in the range of 12%-15%. The ideal investment, as suggested by the platform, remains in the Rs 25,000 to Rs 50,000 range, the fintech said.