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Q.

What are the Best Apps for Peer to Peer Lending?

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Peer-to-peer (P2P) financing offers a straightforward and reasonably priced substitute for conventional bank loans. Let me tell you by cutting out conventional middlemen like banks or financial institutions, these platforms give lenders better returns while providing borrowers with immediate access to borrowing at reduced interest rates. But do you know about the best peer to peer lending apps? If not, you can check the lists below.

Top Peer to Peer Lending Apps

Here are a few popular lending app.

  1. Faircent: India's first RBI-registered P2P platform, Faircent offers personal, business, and property loans. It boasts a 99% on-time repayment rate, making it a reliable choice for both lenders and borrowers.

  2. Mobikwik Xtra: Integrated within the Mobikwik app, this platform allows users to earn up to 12% annual returns with the flexibility of instant withdrawals and no fees.

  3. CRED Mint: An extension of the CRED app, CRED Mint provides returns up to 9% annually, targeting high-credit individuals and offering daily investment tracking.

  4. IndiaP2P: This platform offers competitive rates for personal loans and provides secure transactions with multiple investment options for lenders.

  5. i2i Funding: Targeting high-risk, high-return lending, i2i Funding offers up to 30% interest rates and provides a free recovery service for loan defaults.

I hope you found this helpful.

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