In recent times, peer-to-peer (P2P) lending has gained significant traction as a viable investment avenue for individuals seeking higher returns compared to traditional methods. The rise of platforms like MobiKwik Xtra has enabled investors to connect directly with borrowers, providing a seamless and transparent financial solution. This article explores the experiences of two businessmen from Vadodara, who have ventured into the P2P lending space by investing in the LendingBox scheme through MobiKwik Xtra.
Investment Highlights
Prasenjit’s Investment Journey
In May 2023, Prasenjit, a businessman from Vadodara, made headlines by investing ₹10 lakh in the LendingBox P2P scheme through MobiKwik Xtra. The decision reflects a growing trend among investors to diversify their portfolios by engaging in alternative investment platforms.
Deepak Shah’s Strategic Decision
Following in the footsteps of Prasenjit, chartered accountant Deepak Shah also recognized the potential of P2P lending. In June 2023, he invested ₹40 lakh in the same scheme via the MobiKwik Xtra platform. Shah’s investment demonstrates the confidence of seasoned financial professionals in new-age investment opportunities.
Understanding LendingBox P2P Scheme
LendingBox is a non-banking financial company (NBFC) regulated by the Reserve Bank of India (RBI). The platform offers a unique approach to lending by directly connecting borrowers with lenders, thereby eliminating intermediaries and potentially lowering costs for both parties involved.
Key Features of LendingBox P2P Lending
| Feature | Description |
|---|---|
| Regulatory Compliance | Operates under RBI regulations ensuring safety and transparency. |
| High Returns | Offers higher interest rates compared to traditional saving instruments. |
| Direct Borrowing | Connects investors directly with borrowers, eliminating intermediaries. |
| Diverse Investment Options | Provides a range of loans across various sectors and borrower profiles. |
The Growth of P2P Lending in India
The P2P lending market is witnessing rapid growth in India, fueled by increasing digitalization and the need for credit accessibility. Platforms like MobiKwik Xtra are at the forefront of this evolution, providing a user-friendly interface and innovative financial solutions.
Conclusion
The investments made by Prasenjit and Deepak Shah into the LendingBox P2P scheme through MobiKwik Xtra highlight a growing trend in India’s financial landscape. As more individuals recognize the potential of P2P lending, it is crucial to understand the inherent risks and rewards associated with this investment model. Overall, P2P lending presents an exciting opportunity for investors looking to diversify their portfolios and achieve better returns.
