Brokers often take a cut for doing the most mundane of things. Banks may not like being called brokers, but as traditional financial intermediaries, they virtually dictate all terms and conditions for both borrowers and lenders. They take fat margins for allowing money to pass through them. This is why alternative systems like peer-to-peer lending (or P2P lending) have emerged as an alternative, as the format keeps institutional charges at a bare minimum while passing on the benefit to both borrowers and lenders. Faircent has reduced the base lending rate to 9.99 per cent a few months ago, which is lower than the interest rates charged by any bank, NBFC, or digital lending platform so far, says founder & CEO Rajat Gandhi. In an interview with Kumar Shankar Roy, the P2P industry thought-leader talks about how prime borrowers with good CIBIL scores and credit profiles can access funds at affordable interest rates compared to banks and lender-investors can expect to earn average net annualised returns upwards of 18 per cent per annum on their portfolio. Read to know more about Faircent, India's first P2P lending platform to receive a Certificate of Registration as an NBFC-P2P from the Reserve Bank of India (RBI).

Click here to read more: https://www.thefinapolis.com/news/artmid/677/articleid/4755/p2p-investors-start-receiving-their-returns-from-the-very-next-month-onwards-rajat-gandhi