Group items tagged

Peer to peer (P2P) lending companies claim to provide loans at lower rates compared to banks. We ask the experts what impact this can have on the overall interest rate scenario in the country. Bhavin Patel, founder and CEO, LenDenClub The interest rate theory works on supply of money in the system and the risk associated with an investment. When the supply goes up, it brings in downward pressure on the banks to bring interest rates down. As it is now clear that RBI is regulating the P2P segment, many more lenders will be willing to be a part of P2P lending. This will bring in liquidity to P2P platforms, resulting in a reduction in the interest rate offered to borrowers. P2P loans are executed by arranging an electronic meeting of lenders and borrowers on the platform. If lenders have excess liquidity and start pushing higher amounts, they may ask for lesser yield. The impact could be a reduction of at least 1.5% over the next year on P2P platforms themselves. The other important aspect in determining interest rates is the risk associated with P2P loans. As these loans were not reported to any of the credit bureaus earlier, the chances of defaults were higher compared to similar retail loans. However, now, after the RBI regulations, the bureau reporting process will be started. This will make borrowers more concerned about timely payment of loans, bringing down the probability of default. This will reduce repayment risk, resulting in interest rates going down. Both of the above factors will act in favor of borrowers. However, it will take some time before we see the real impact of interest rate reduction.

If you are in Mumbai and searching for personal loan, you can just apply at India's best peer to peer lending platform - LenDenClub for all your personal loan needs. Getting a loan from LenDenClub is simple with its online application process. You can simply Register and apply for loan and submit required KYC documents. Your loan application gets approved in 18 hours and gets disbursed in just 3 days. You can apply for personal loan for various all your needs like wedding, medical emergency, rental deposit, debt consolidation, credit card debt etc. Getting a loan from LenDenClub is better in comparison with any cash related foundations in Mumbai like banks because of our easy to use online platform.

LenDenClub ensures that availing a loan is a simple, quick and hassle free process for you as a borrower. You can register on the platform by submitting the prescribed KYC documents coupled with a nominal registration fee.Our automated system goes through your profile to ensure all details are filled and taken care of. Once registered, your loan requirement is posted on our platform and is visible to various lenders. LenDenClub ensures that your loan requirements are met completely and quickly. For repayments, our smart algorithm breaks down the loan amount into easy EMI's based on your repayment ability.

Peer to peer lending is a practice of financing loans which enables individual to invest and borrow money without bother of any established financial institutions like banks as a mediator. P2P lending helps to remove the intermediary institutions or people as a middlemen in the process of lending and borrowing and enables individuals to lend and borrow in less time and effort.

Warren Buffet is no less than a God for the investors around the world. His investment journey dates back to the time when he started trading in stocks at the very young age of 11. By the time he turned 16, he had already made a net worth of $6000 (the equivalent of $53,000 today). With a net worth over $70 billion, this 87-year-old wealth creator is currently the second richest person in the world, behind his friend Bill Gates. So, what did Warren Buffet do right to amass such a huge wealth? Here are a few of his key investment strategies from which you can pick up useful tips. Click the link above to read full article.

Peer to peer lending in India is becoming popular among those looking for newer investment avenues. As compared to the stock market or real estate, it offers balanced risk and returns. Basically, you can become a personal loan lender through peer to peer lending. There are several online peer to peer lending platforms such as LenDenClub, where you can lend money online.

It is advisable to take a personal loan to clear all your credit card dues and consolidate the debt at one point. It simply means lesser monthly obligation in the form of EMIs and also more savings. These loans can be obtained from Banks, NBFC's and also through the new kid on block, Peer-To-Peer platforms. Peer to Peer lending platforms are a relatively new medium for obtaining short term loans online. These are generally hassle free processing points and it is not necessary that personal loans will be given only to the best of the customers, subprime customers are also given loans. However, the obvious clause which gets attached is higher rate of interest and more verifications. Leading Peer-To-Peer lending platforms in India like LenDenClub provide quick and hassle-free personal loans which are approved on the same day and disbursed within 3 days.

The Mazenet Solution's Blockchain development training course provides you with a detailed understanding of Blockchain technology beginning from Blockchain origin, objectives and challenges, progressing to Data structures and Smart Contracts. The course doesn't teach 'what is blockchain', we train you to create and develop blockchain applications using Hyperledger platform.