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CRED MINT - Now lends at 700 cibil - risky??

  • Thread starter Thread starter Zacobite
  • Start date Start date
  • Replies Replies 11
  • Views Views 632
Even mobikwik extra is changinng its tnc. They reduced minimum cibil barrier & also going to remove flexi & reduce interest
 
The high interest rates won't be sustained if you want a high minimum CIBIL. Low risk, high reward is not reality.
 
I withdrew my entire investment in cred mint and 12% club cos of the riskiness for 12% returns when I had invested. Now they hace decreased this as well. Hence decided to go with good stocks after going thru posts at TF
 
I fail to understand why ppl even invest in such risky and potential loss making investments when any random index fund returns 12 percent on averages over 5 years?
 
I fail to understand why ppl even invest in such risky and potential loss making investments when any random index fund returns 12 percent on averages over 5 years?
diversification / short term funds to be parked / not very diff from banks lending.. actually risks are minimal as they will lends in pieces so your 1L will go to 20-30 borrowers.. BUT.. the risk remains.. no doubt.. index funds cannot be timed.. those are always longer term.. these can be used to park funds..
 
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