HomeMedia CenterThe Road Ahead For P2P Lending In India

The Road Ahead For P2P Lending In India

P2P lending is set to fill the gaps of credit demand in the country

The fintech sector has evolved over the previous decade from a small, nascent industry to a slew of behemoths, several of which have now become Unicorns. The sector’s exponential growth drew the attention of India’s Prime Minister, who declared the industry to be a revolutionary one.

To fulfil the customers’ needs, various fintech companies create innovative products daily. In a country with over one billion people, the credit demand is expanding in response to rising earnings and consumption. Currently, the total credit market size in the country stands at INR 156.9 lakh crore, with a growth of about 100 per cent from FY17 to FY21. One such sector actively catering to the rapidly growing credit demand is peer-to-peer (P2P) lending. P2P lending services serve a large segment of the population who would otherwise be unable to access credit through regular channels.

P2P lending, as a significant component of the larger fintech sector, is quickly becoming the most popular alternative investment option. With its unique provision of tech-enabled solutions spanning on-boarding, underwriting and disbursement, P2P lending platforms can meet such demands. With all factors encouraging the sector, P2P lending platforms that are borderless are here to stay.

Credit:

https://www.entrepreneur.com/article/420822

 

LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping investors diversify their investments beyond traditional investment instruments ever since.

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The Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by Innofin Solutions Private Limited, and does not provide any assurance for repayment of the loans lent through its platform.

LenDenClub is an Intermediary under the provisions of the Information Technology Act, 2000 and virtually connects lenders and borrowers through its electronic platform via the website and/or mobile app.

The lending transaction is purely between lenders and borrowers at their own discretion, and LenDenClub does not assure loan fulfilment and/or investment returns. Also, the information provided on the platform is verified or checked on the best efforts basis without guaranteeing any accuracy of the data/information verification. Any investment decision taken by a lender on the basis of this information is at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower, fully or partially. The risk is entirely on the lender. LenDenClub will not be responsible for the full or partial loss of the principal and/or interest of lenders’ investment amounts.

*This is an annualized yield and is subject to the maximum FMPP tenure, which is 5 years. P2P investment is subject to high risk and may cause an entire loss of principal.
 

*P2P investment is subject to risks. And investment decisions taken by a lender on the basis of this information are at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower.

** Average value mentioned is the weighted average of returns received by investors

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