Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Its risky and not recommended by Sumanta da. You can lost your money tooI have invested 2 lakhs in 12%Club and 1 lakh in CRED Mint. My IDFC Bank savings acc was giving me only 4% LOL! So for so good... No issues.
Risk is also quite high compare to Banks FDi guess the minimum investment is 25000, but the return is quite higher as compared to bank FD and current state of all time high markets.
Risk hai to ishq hai..... 😂Risk is also quite high compare to Banks FD
Because their business is based on Peer to peer lending. That means they get money from other people who wants to invest it and wants to get good returns and give that money as loans at 15% - 20% or higher to persons who otherwise can't get loans from banks due their bad credit worthiness or low income. So, risk involved is very high.Would anyday prefer 12% club over Cred MINT. Both have same amount of risk but 12% club is 12 over Cred MINT's 9%.
Btw, why are 12% club and Mint considered risky? Any pointers please?
Thanks. Got it. On 12% club they say the capital is distributed among 1000s of people diversifying the risk as much as possible - at least they have lesser risk than traditional lendingBecause their business is based on Peer to peer lending. That means they get money from other people who wants to invest it and wants to get good returns and give that money as loans at 15% - 20% or higher to persons who otherwise can't get loans from banks due their bad credit worthiness or low income. So, risk involved is very high.
Banks verify all the important documents before approving so risk is less in FD.Thanks. Got it. On 12% club they say the capital is distributed among 1000s of people diversifying the risk as much as possible - at least they have lesser risk than traditional lending