Peer to peer lending platforms – Young generation’s favourite choice for investment!
27 years old, a software engineer, Bangalore.
He never thought he would find such a
wonderful bride this soon. Got
engaged. It was thrilling and
exciting. The phase of waiting. Waiting for that wonderful woman to step into
his life and tell what he should do and what he should not. Time flew by. The wedding date was just around the
corner. The initial excitement slowly
subsided and it dawned upon him that life would not be the same any more.
Is he ready for married life? What about his financial stability? A project
manager in an MNC, he takes home a good package and has been honoured with
bonuses at the right time. But, in life,
particularly after marriage, not everything can be planned and predicted. Some
unexpected expenses would come up. A
birthday party, housewarming function, weekend trip, purchases on impulse,
hospital emergency…Everyday it will be a rollercoaster ride and some spare
money in hands is crucial for a married man.
Pranav realizes that he needs a second
income to lead a hassle free happy married life. How can he rely on one single salary for
which he has to wait for a month? A 30-day cycle is too long for this fast
26 years old, a BPO employee, Mumbai.
A charmer, he always gives his best to
her. Last February 14th, it
was a trip to Goa. No one can be as
creative as he is in fabricating occasions for gifts. Can you guess how much he spends on gifts?
He never settles for anything less than 10
You may wonder – a BPO employee, in the
beginning stage of his career, how can he manage all these expenses?
He stays awake all night to attend the
calls pouring from all around the globe – the labour of love. Even though he works very hard to earn, he
would exhaust his salary in the middle of the month. He wished he had some extra money in his
hands regularly so that he could impress her with more surprise gifts and
outings. However, a part-time job is not
an option. Already he is burning his
soul round the clock at his current job.
No time or scope for such enthusiastic ideas. He has some savings that’s in hibernation
mode. No movement. No growth.
He can use it as capital to earn extra income. But how? One mutual fund promises good
returns in 36 months. But there is a
Saturday and Sunday every week. He wants
to see the returns sooner.
29 years old, a VFX artist, Chennai.
A responsible guy, the entire burden of his
family on his shoulders, he has to keep an eye on every penny he spends. After office hours, he comes back home and
starts working on the projects he has committed on a freelance basis. Even in the late evenings, you can spot him
at his home, in the hall, sitting in front of his laptop, working; his wife in
the kitchen; his kid, a toddler, laughing and screaming and walking around in
the room. A family man at work. Always.
One thing that makes him lose sleep in the
nights is, he hasn’t started saving or investing yet. Sometimes it’s terrifying for him to think
that there is no backup. Now, whatever
he earns in a month, in 30 days, is spent to survive the next 30 days. The lion goes for a hunt, comes back with a
prey, feeds the family. The next day,
the lion goes for a hunt. Life cannot be
like this forever. The family needs a
backup. For dry seasons. To manage emergency expenses. With a blink ofan eye,
the kid would grow up and be ready for schooling. The family expenses would keep on increasing
in the future. Apart from creating
wealth and backup, there are festivals and occasions every month and the couple
has to put a decent show in front of relatives, friends and neighbours.
Three different stories. The conclusion is the same. Be it Pranav or Gopi or Karthick, the reasons
might be different. The lifestyle might
be different. But what they need is
Million problems. One solution.
And that is money. Who can deny
Working and living in different cities, all 3 need some extra income regularly and have chosen to invest in peer to peer lending platforms.
While there are a range of traditional models and hundreds of options available in the market to invest, why did they choose p2p lending sites?
Because they cannot afford to take a risk. Having said that, they want to earn solid returns from the very beginning.Not sure whether it is possible with any of the traditional investment models. But an efficient and transparent peer to peer lending site can meet all the above mentioned demands without putting the hard earned money at risk.
For example, at LenDenClub, one of the largest online money lending sites, you can invest an amount of your choice and start earning solid returns immediately after investment.
Furthermore, the investment is diversified
among as many borrowers as possible and thus the risk of poor performance is
Flexible investment options. Immediate returns. No volatility. All make sense.