Has anybody used TradeCred Application/Bill Discounting?

[Dhruvit.SDhruvit.S is verified member.]

So its a bill discounting application which I came across. Please share your views on this app and if you have knowledge/views about bill discounting as investment.

I would love to hear your opinion and this might help educate others or find them a new investment option.

 

[windows10]

I have used tradecred. Basically its better to invest in 90-180 days maturity ones. Liquidity is subject to ur invoice being sold to another. so a little problematic. So in simple words cred mint is better

 

[Dhruvit.SDhruvit.S is verified member.]

I have used tradecred. Basically its better to invest in 90-180 days maturity ones. Liquidity is subject to ur invoice being sold to another. so a little problematic. So in simple words cred mint is better

Cred Mint is P2P money lending right?

 

[Slayer]

Cred Mint is P2P money lending right?

Yes
But if you're thinking of P2P money lending then 12% by BharatPe is better
Using it for more than a year now

 

[Dhruvit.SDhruvit.S is verified member.]

Yes
But if you're thinking of P2P money lending then 12% by BharatPe is better
Using it for more than a year now

So how much returns there you got so far?

 

[Slayer]

So how much returns there you got so far?

12% yearly so 1% every month
Total earned through 12% is 8k till now
It has been a good investment choice considering flexibility of withdrawal and the uncertainty of the stock market

 

[windows10]

Liquidity is best in cred mint, in bharat pe they have 48hrs payment thing. And they(bharatPe) have management issues. And bharatpe gives money to lendbox who is worst system of money repayment. Money repayment in lendbox happens when the borrower repays. 12% may be higher but i cant risk liquidity for mere 3%. Additionally Bharatpe has simple interest but cred mint has compound interest

 

[kunaljn91]

12% yearly so 1% every month
Total earned through 12% is 8k till now
It has been a good investment choice considering flexibility of withdrawal and the uncertainty of the stock market

Are these safe? As I have read that P2P lendings are way more riskier!

 

[Slayer]

Are these safe? As I have read that P2P lendings are way more riskier!

I've had that much of risk appetite and I'm liking the returns also I don't have any fixed long term plans because of near future possibility of moving to a different country and all.

 

[windows10]

Are these safe? As I have read that P2P lendings are way more riskier!

There is risk everywhere. If keep ur money in cash there is risk of inflation. If you keep money in banks there is risk of default in case of pmc bank. if you invest in stocks mf there is liquidity and price volatility risk. So p2p also comes with some risk, thats why high fixed returns are given so compensate for that. I have been using cred mint and withdrawn and invested multiple times not a single issue till date. I have used up full quota of 100K in cred mint.

 

[Dhruvit.SDhruvit.S is verified member.]

Liquidity is best in cred mint, in bharat pe they have 48hrs payment thing. And they(bharatPe) have management issues. And bharatpe gives money to lendbox who is worst system of money repayment. Money repayment in lendbox happens when the borrower repays. 12% may be higher but i cant risk liquidity for mere 3%. Additionally Bharatpe has simple interest but cred mint has compound interest

But cred mint requires a 1L starting investment right?
Too much for someone who wants to just dip a finger in the game

 

[Slayer]

That's why i'd say start with 12% if you have capital issues but if you have tons of capital then trade cred is the best.

 

[gpbs11]

Any referal/ invite available for Cred mint?

 

[Mritunjay]

I have been using Tradecred for 4 months, no issues yet. Here's my referral link (https://buy.tradecred.com/onboarding/apply-now/TC065326).
Referral Code TC065326.
You will get one percent extra on first 6 investmenrs for 6 months if you join through a referral versus via normal application. ( According to Tradecred)

 

[Dhruvit.SDhruvit.S is verified member.]

I need cred mint referral. Please DM

 

[Predator]

I need cred mint referral. Please DM

DM ur contact no, I will share invite

 

[windows10]

Any referal/ invite available for Cred mint?

Yaah share your mobile nuumber

 

[sagar_keshri]

Also do checkout rbi t bills as an alternative

 

[funatlearn]

I am using tradecred for more than 2 years. Got 11.5 % returns.
Earlier returns were 12-13 %. Now it is reduced by 1-2 %.
I have seen they come up with good deals around Diwali.
No defaults so far for me. However I understand there is good degree of risk in this platform.
There are many deals which can be liquidated. How ever it takes time for liquidation and that is not guaranteed.

Bonus tip: if you are married , use HUF pan.

Here's my referral code if you are opening new account TC007677.
Extra 1% using referral code for 6 months.