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Mobikwik xtra a
- Thread starter prash1161
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- investment mobikwik
Mobikwik is a platform for investing.you will directly invest with transactree technology pvt Ltd(lendbox). So your money is with lendbox
Coming to your question it always risky to invest in any unregulated entity .they say it's regulated as NBFC under RBI ,but still if the borrower doesn't pay they will stop withdrawal untill they liquidate the collateral (if taken) from borrower you have wait till then. Still that doesn't guarantee you will get your money back.
As long as the borrower repays money will will be paid
As far as I know they are providing small amount of loans to people at higher intrest rate
So recovery chances are already very low
Yes and also they will reduce our risk by giving your amount in multiple loans.i am using this from one year and didn't face any issue till date so risking some money(non emergency fund/ extra amount) would be fine
there are risks as borrowers are people with low credit score
its basically microfinance
its basically microfinance
But you know like
1000-2000 ka loan nhi kiya kisi ne they won't send recovery agent or do anything
It's a total loss .
So atleast it will end up in loss
Such risk is present in any financing you should know are u willing to take such risk to gain or loose money
But bro it isn't gambling that 0 or 2x
They are just giving 12% a year
So risky principal do worth?
That depends on your risk appetite they are paying SI 12%pa(paid on daily basis).which is more than the interest paid by traditional banks
I understand but you can't compare with banks
yes you can
banks also cover your deposits only up to 5L
banks also cover your deposits only up to 5L
But atleast they provide secured loans to and many other services in which loans are secured so it's like safe
that is irrelevant bank doesnt tell you whether your money has been given to a secured loan or an unsecured
bottom line is deposits are insured only till 5L
cleverpappu
TF Premier
I am seeing earn upto 10% in Mobikwik xtra? Why is it so? Shouldn't it be 12%? Care agent saying there might be some problem
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cleverpappu
TF Premier
i invested yesterday night and it was showing 12% for me
cleverpappu
TF Premier
Now reduced to 10% for new users
True. But seems "plus" has become more attractive. Now you get 12.99% for 3/6/9 monts also. In the past, one only got for 12 months.
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