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P2P lending machine fires on all cylinders amid slackened bank loan disbursals
The bulk of the lenders filling up the rosters of prominent P2P platforms are return-hungry retail investors and traders with surplus cash flows. Low fixed-income returns prompting these high net worth individuals and family offices are writing large cheques favouring borrowers on these platforms.
P2P lending startups to get NBFC tag soon
RBI identifies peer-to-peer lending startups as a special category of non-banking fin companies
P2P lending network i-Lend partners with Singapore-based Lenddo for credit scores
i-Lend has partnered with credit risk assessment and verification company Lenddo which uses social and non-traditional data for credit scoring. Singapore-based Lenddo.
With new RBI norms, P2P lending startups are hoping to attract VCs
Mohandas Pai, who has backed Faircent, said the RBI's regulatory guidelines will bring clarity, which will attract more players and intensify competition.
Lending money through P2P platform can give higher return than banks
While a bank deposit will yield around 8-10% a year, lending directly to a borrower via P2P lending platform can get you an average return of 17-19%.
Faircent cuts personal loan rates to 9.99%, will other P2P lenders follow suit?
Faircent.com, leading peer-to-peer (P2P) lending company, has reduced the minimum rate of interest for unsecured loans to 9.99 per cent.
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P2P lending companies can't bank on RBI rules this year
ET recently reported that P2P startups had decided to form an association with an intention of self-regulation. The association expects to complete their registration process by January and will be headquartered in Mumbai.
Rs 10-Lakh limit on P2P lending will hurt industry: Founders
They fear that these issues could eventually drive potential investors out of this segment as well.
P2Ps are in a race to build 1st blockchain platform here
From established players like Faircent to early-stage companies like IndiamoneyMart, PaisaDukaan and OMLP2P, all are trying to develop the industry’s first blockchain platform.
Regulations helped fintech mature in 2017; yet 2018 may prove challenging for cos to navigate
Recognition of peer-to-peer lending startups, revised guidelines for digital wallets & finalising charges for epayments can help fintech sector grow organically in the next two years
P2P companies can't take loan exposure
An NBFC-P2P shall not lend on its own and not provide any credit enhancement or credit guarantee.
Affordable housing emerging as new focus of housing finance firms: Industry
Affordable housing has the potential to be clean and quick, leading to lower operational and marketing costs and helping in creating a new category within the realty space.
i-lend plans to venture out with funds from 50K
The Hyderabad-based company recently started operations in Bengaluru and plans to expand to a few more cities in the coming months. It is also looking to raise Series-A funds later this year.
V Balakrishnan's startup Billionloans looking to raise $1mn shortly
The startup, which was launched earlier this year, will act as a marketplace to connect institutions that need to lend, which companies or individuals who want to borrow.
P2P platform i-lend eyes pan-India expansion, fresh capital
The online marketplace connects borrowers who are in need of money to lenders who are ready to invest for higher returns.
Note ban-hit investors ditch real estate & gold to fund alternative lending cos
Banks and NBFCs are looking to lend via alternative lending platforms following the government's push for digital transactions which is incentivising online lending.
Regulatory delays affect P2P lenders' operational efficiency
Trusteeship services tend to be very expensive and push up lending costs for borrowers, killing the growth prospects for this sector, say industry insiders.
Debit card breach puts a big question mark on PM Modi's quest to go cashless
India has been pushing cashless payments, touting JAM that involves bank accounts for poor, biometric identity cards and high mobile phone usage.
P2P firms to form an association for a fair code ahead of RBI guidelines
P2P companies are in the process of forming an association with an aim to create a fair practice code within the industry players and grapple with ethical issues together.
P2P Lenders have Insurance Covered
While some have already started offering insurance products, most of them are waiting for the RBI to issues guidelines.
P2P players bank on institutional lenders for growth
"Besides capital infusion into the platform, these partnerships will enable select institutional lenders to gain access to a largely underserved market."
Peer-to-peer lending startups such as Faircent eye blockchain technology
Many industry observers expect the central bank to legalise a contractual system that integrates blockchain technology as a platform by the end of the financial year.
RBI may allow you to be a lender
The RBI's move to regulate the peer-to-peer (P2P) lending business has evoked good response with most participants saying that it could provide greater confidence to lenders and borrowers, as also to venture capitalists.
Clarity please, peer-to-peer lending startups tell RBI
Peer-to-peer lending startups reacted positively to the first draft of the Central bank’s guidelines for the sector, but will seek clarifications on requirements.
Faircent.com, Lendbox.in and other peer-to-peer lending platforms gain popularity, draw RBI gaze
PTPL is the practice of large-scale lending of money between people online. In other words, it is an ‘emarketplace’ that hooks up lenders with borrowers.
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