Faircent.com, India's largest peer-to-peer lending platform, is attracting the country’s younger generation of professionals by presenting a lucrative new investment opportunity. P2P lending connects borrowers who need finance with lenders who have surplus funds that they are willing to lend at an interest, thereby eliminating intermediary margins. This enables borrowers to access fast and cheap credit (personal loans) and lenders can make higher returns on their idle money. Borrowers can get P2P loans at lower interest rates than personal loans from traditional sources like banks. As per Faircent.com’s latest Data & Analytics report, 90% of the lenders on the platform are earning 18% to 26% gross returns and loans more than 18 crores have been disbursed through the platform.

Faircent.com provides a highly curated platform with borrowers evaluated by a fully automated credit evaluation system that uses more than 400 new-age data points. Borrowers are accordingly listed in various risk buckets – low to very high and lenders are encouraged to build a diversified portfolio by investing in a large number of borrowers across risk buckets. They can also choose from a wide variety of P2P loan products on the platform – personal loans, loans against property and gold loans.

With Faircent’s unique model, lenders are better poised to generate higher rates of interest and more importantly stable returns on their money as compared to bank deposits or traditional investment instruments. Also, if the borrowers don’t pay, there is legal recourse available which isn’t possible for investments in the stock market. With interest and part principal accruing month-on-month, lenders can reinvest this income in additional loans and earn higher, compounded returns.

Delighted investors & profitable returns

With the rapid growth in the alternative lending sector, many Indian residents of age 25 years and above are discovering the benefits of investing in P2P loans through the platform. More than 65% of the lenders on the platform are below the age of 39 years.

Mr. Rahul Kumar, a lender on Faircent.com, shared his experience, saying, “The process is easy to understand and by taking a few steps you can mitigate the risks and earn good returns month-on-month. All you need to do is study the product and then go ahead with the investment.”

Mr. Rajiv Yadav, another lender on the platform, added, “It’s just a matter of time before Faircent becomes the eBay of loans. I have grown with Faircent right from the time I wrote my first cheque to a borrower I had never met. Each time I lend money to a borrower, I also feel good about helping someone.”

With the use of state-of-the-art technologies which evaluate an applicant’s creditworthiness on more than 120 parameters, Faircent.com is facilitating easier movement of credit whilst minimizing the risk to the lender. Lenders on the platform have a chance to maximize their returns with the satisfaction of knowing that their money is able to positively influence the lives of those in dire need for capital.