Get 12% Interest By Lending Money To Strangers

Most of us have lent money to our friends at 0% interest rate.

As per my poll on Instagram, around 72% of you have not gotten your money back.

In banking terminology, it means that the money lent has become NPA.

⬇️ Tag those friends in the comment section below to let them know that they are an NPA.

🙇🏻‍♂️My suggestion - Do not lend money to friends especially if they are close friends. If you do, then assume it's gone and don't ask for it back. You do not want money to be the reason for breaking your friendship.

Money is important but not more important than your relationships

Naturally, most of us are not comfortable lending money to strangers at 0% interest rate.

I mean- Why would you?

How about if you get 9-12% interest rate. This kind of returns cross the jiggle territory.

Usually banks do this on your behalf. They take your money in a savings account and give it to businesses. They charge 12% to the business, give you 4% and keep the rest. They guarantee that your money will never be lost and even insure you up to 5 lakhs.

What if you want to lend it yourself?

That's what P2P Lending (Peer to Peer lending) is all about.

Now you take all the risk. There is no insurance. But the returns are juicy.

This falls under the realm of alternate investment assets. Other investment options in this asset class are crypto, lease financing, venture capital, venture debt etc.

This asset class can be upto 10-15% of your portfolio because they are mostly delinked from stock market returns and act like a hedge.

Some of the companies in India offering P2P lending are: Cred Mint, BharatPe, RupeeCircle, LenDenClub and Finzy.

➡️Have you invested in P2P lending? Let me in the comment section below along with your experience (both good and bad)

Let us help each other know what platforms to avoid and what to trust since this is relatively new.
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#financewithsharan #bank #fd #savemoney #moneytalks #financetips #personalfinance #moneytips

[DeepeshDeomurari]

I tried many P2P platforms. Here is the importance insight. Loan is given to defaulter or poor class who don't get even personal loan from bank. In P2P, Most of them stop paying after few months. I am still waiting for my principal amount from 3 Sebi approved P2P lenders, waiting as long as 3 years now! I given loan of max 1 year tenure. P2P platforms don't care about your money. They say default is 5% but it is much higher practically. If loaner stop making payment, they simply drop emails to them. Do you think in India anyone will pay back loan because you are dropping them email!

[arsala]

and thank god he didn't ask "from where he knows all that bro"

[butterman]

But in the case of a bank, you just ask for your money and the bank will return it to you. Case is not the same as P2P.

[chetangk]

No one will come up with such a informative and unique CONTENT on youtube. 👌🏻👌🏻 infact i have seen some ppl copying ur content and making it in hindi😄

[aimnda]

In reality
Market can give you even 36℅ interest but it's risk is high

[CAshivarajput]

Just invest your money at around 3-4%/ month in your Village or local areas directly to the needy persons.
In the Informal market, so you are getting around 36% / annum compounded annually.

[joykhare]

If you have to lend p2p, lend it in local market. Interest is easily 36 percent. And risk will be lower that lending on these platforms. Atleast you will know the person face to face

[amanyasir]

Bro the risk is not reduced at all the tendency for each individual to default doesn't change so the risk doesn't change

[devikareddy]

Never ever i saw any finance captions Sharan bro😂😂😂

[dinot]

Lol where is the caption?? 😂😂
Edit: Its in the description, guys. I was today years old when i realised YT shorts has a description box embedded in it. My bad 😂😂😝

[AlokAggarwal-jp]

These finance influencers should be sued legally. They should also be accountable for frauds by these platforms

[BMW]

Sharan u have discovered the best way to explain the financial and critical concepts in finance in a layman's language through the "role play " method...

Thank u soooo much..
I don't miss a single video of urs !!

Thanks for such a good initiative

[Ajay]

Also I'm guessing P2P lending will deliver a much higher interest rate than even 12% because of the risks involved and this probably means the loan sizes and durations will be lesser.

[kirans]

My uncle did this and lost all his money, he's now bankrupt and have people behind him. Always try to take minimum risk with above average returns.

[Praveenmanikanta]

I invested through 12% club in P2P lending..
So far good experience 👍

[john__jose]

Bro forgot to say "I follow my man bruh" this time😂

[kaalabhairava]

Bro you can be a hero bro💥💥 Our true kannadiga and you’re our pride, do a movie based on finance, ✌️🙏🏼

[dwivediop]

Details in description dude!!!
Stop trolling unnecessarily

[Shreddypal]

You are automatically isured up to 5L for FD'S in case of banks go bankrupt under DICGC. (Deposit insurance and credit corporation)

[Lsheidhwbrydh]

By captions he meant the description😂... Go check the description guys.. its written there ( the companies )....