Suggestions for best P2P lending apps (like 12% Club)

[Batmanbaba]

I have some money to invest and want to invest in apps giving around 12% intrest like 12% club, cred mint, xtra by mobikwik or any good apps as suggested. I know there are risks but the amount is not too big so I am looking forward to suggestions

 

[Slayer]

Read this

 

[bugmenot]

https://rbidocs.rbi.org.in/rdocs/content/DOCs/P2P30062018.xlsx

List of NBFC Peer to Peer (NBFC - P2P) companies registered with RBI (As on January 31, 2022)

P2P investment returns come under income from other sources and taxable as per slab

 

[Infiniti]

liquid debt funds should give you a stable 6-7% pre tax return currently. important to consider if a 2-3% max post tax incremental return for P2P is worth the risk / lack of transparency. P2P might have made sense a year back when rates were lower.

 

[bharathraj.pathi]

How about costa savings?

 

[Batmanbaba]

How about costa savings?

What is that

 

[Wealth is my birth right!]

I have some money to invest and want to invest in apps giving around 12% intrest like 12% club, cred mint, xtra by mobikwik or any good apps as suggested. I know there are risks but the amount is not too big so I am looking forward to suggestions

Over night liquid funds in debt market is advisable but 6 to 7. % only subject to safety 200%

 

[bharathraj.pathi]

What is that

Costa Savings Trading

Costa Savings - The Only Trading Site you need

costasavings.com

We can invest starting from 500 rupees and earn daily interest with 5-15%.

 

[kkk]

Costa Savings Trading

Costa Savings - The Only Trading Site you need

costasavings.com

We can invest starting from 500 rupees and earn daily interest with 5-15%.

Very risky. It can run away any day Who gives 5-15% returns per month?

 

[bharathraj.pathi]

Very risky. It can run away any day Who gives 5-15% returns per month?

I agree, I have deposited some amount and been observing from couple of days. They are depositing daily interest in wallet. Let’s see

 

[22tarush]

if the amount isn't huge and if you are able to take risk, then it's a good go..
have invested in these and my experience has been pretty gd as far.

 

[kkk]

if the amount isn't huge and if you are able to take risk, then it's a good go..
have invested in these and my experience has been pretty gd as far.

I invested so that I can transfer Amazon gift voucher to Bank. But they have remove that option as well now.

 

[22tarush]

I invested so that I can transfer Amazon gift voucher to Bank. But they have remove that option as well now.

damn.

 

[anandkk]

I have some money to invest and want to invest in apps giving around 12% intrest like 12% club, cred mint, xtra by mobikwik or any good apps as suggested. I know there are risks but the amount is not too big so I am looking forward to suggestions

Why would you want to go for p2p lending which is quite risky. You have lesser risky options like invoice discounting and many more.

 

[kkk]

Why would you want to go for p2p lending which is quite risky. You have lesser risky options like invoice discounting and many more.

Even invoice discounting is risky

 

[Wealth is my birth right!]

Why would you want to go for p2p lending which is quite risky. You have lesser risky options like invoice discounting and many more.

ID also risky if business flap or product goes null

 

[anandkk]

Even invoice discounting is risky

Every investment has its own risk. So when the risk is similar better to go with the better returns. Hence the respone.

 

[kkk]

Every investment has its own risk. So when the risk is similar better to go with the better returns. Hence the respone.

How much returns do you get on Invoice discounting? I invest in Tradecred and Jiraaf and return is between 10-15%. Is there any other platform which gives more?

 

[Slayer]

How much returns do you get on Invoice discounting? I invest in Tradecred and Jiraaf and return is between 10-15%. Is there any other platform which gives more?

I don't think any invoice discounting portal can give more than 13-14%
Btw which id gave you higher than 12%

 

[kkk]

Every investment has its own risk. So when the risk is similar better to go with the better returns. Hence the respone.

And the other issue with Invoice discounting is liquidity. In 12% and Mobikwik Xtra+ you can withdraw full amount any time and it will in bank within 24-48 hours. FWIW, I do investment in both.