As an investor, what do you ideally expect? Despite market fluctuations or economic pull-overs, you want the maximum returns for your investment. Equities provide higher rate of returns but then the equity market is a very volatile one. Derivatives or mutual funds can provide you with a reasonable rate of return but with the market risks that are involved. Post-office savings or FD’s provide a marginal rate of return. How will you maximize your income with a moderate degree of risk involved? The answer to this is simple. It is the concept of crowd funding or P2P lending that can satiate the investors’ interest in dual ways. You get a monthly rate of return on your investment which is reasonably on the higher end of the spectrum. Moreover, the degree of risk involved is negligible or almost nil. Here we are going to see interesting aspects on how you can become a lender and start earning money every month. The money you earn is apart from your regular source of income. The know-how to get started LenDenClub is a pioneer P2P lending company, India. To register yourself as a lender is as simple as filling a KYC form online. You need to mention all your personal details. To support your credentials, you need to submit a copy of your PAN card and address proof. Once these are done, you are all set to go. You are deemed as a lender. Expect income month on month With equities, derivatives or other forms of investments, you have your interest or dividend money accrued every 3/6/12 months. Here is where P2P lending stands apart. You choose your own borrower(s) to whom you lend the money. The borrower is most likely to credit the EMI amount into your bank account directly. So, you receive your monthly cheque on your investment. That is exactly why P2P lending India is the best form of investment.
Be choosy to pick your own set of borrowers As a lender, your job is to pick a suitable borrower. You can view the credentials of a list of borrowers that would be appearing in front of you. You can view the demographic, personal and professional details of borrowers. You can also feel free to filter your favorite borrowers based on their credit risk, loan amount, tenure of the loan, interest rate and so on. Select the borrower(s) and choose how much you want to invest Once you have zeroed in on borrowers (whom you wish to lend money) on parameters like interest rate, tenure of loan, etc., you can select the borrower(s) and commit the amount you wish to invest. Say for example, this is a borrower named XYZ, who can afford to pay you interest at the rate of 20% per annum with an average credit profiling score. XYZ has an urgent loan requirement of Rupees 25,000; you can select the borrower and then, you can try investing Rupees 30,000 into the P2P lending site. You can also choose multiple set of borrowers and invest your money accordingly. Invest, sit back and relax This would be the last and final stage of your investing or lending procedure. You can disburse the loan amount online post receipt of loan agreement in your LenDenClub account. The EMI gets credited in your bank account month on month. Using the convenient interactive platform available to users of the P2P lending site, you can easily track your EMI receipt status. Your investment is 100% safe with us LenDenClub offers you a 100% safety on your investment. This pioneer P2P lending company in India has come up with a novel concept named Lenders’ Protection Fund. In other words, even if a set of borrowers default on their payments, your capital money does not get wiped out. As the risk factor is wide-spread among thousands of borrowers, you still can earn a reasonable rate of return on your investment.