Faircent, is a technology backed marketplace that brings together investors and borrowers. They are India's first RBI regulated P2P NBFC platform. Faricent acts as an intermediary between borrowers and lenders, facilitating loan transactions while providing transparency and security. In this blog, we will discuss all about P2P lending by Faircent.
Faircent is an Indian peer-to-peer lending network that allows consumers to lend and borrow online. It is one of India's major fintech startups, specializing in digital financing. Faircent is a platform that connects borrowers with individual lenders, reducing the need for traditional financial middlemen like banks.
The platform is based on the peer-to-peer lending idea, commonly known as P2P lending or crowdfunding. It enables people or enterprises in need of finances to borrow money directly from willing private lenders. Faircent serves as an intermediary by offering an online marketplace where borrowers and lenders may connect and do business.
Cube's P2P partner Faircent is one of India's oldest RBI Certified P2P NBFC. It is a P2P lending marketplace that connects high-quality borrowers directly with lenders.
Faircent is an Indian peer-to-peer (P2P) lending platform. Faircent and other peer-to-peer lending platforms connect borrowers directly with lenders, reducing the need for traditional intermediaries such as banks. Here are some reasons why someone would choose to invest in Faircent:
● No upfront fees. Faircent (Cube’s P2P advisor) only earns when you earn
● You receive principal and interest payments each month for the duration of each of the loans you fund which boosts monthly cash flow.
● Great returns 12-28% based on your risk preference.
Use P2P to diversify the medium and high risk components of your portfolio for short term returns over 1-3 years. It’s also good for boosting monthly cash flow. Individuals with a higher risk tolerance may consider investing in Faircent.
The Cube Wealth app helps you invest in two of the best P2P lending Systematic Income Generation Plans (SIGPs) with Faircent. These plans generate a passive income and returns of up to 12%. You can invest in P2P lending by Faircent using Cube Wealth in 5 simple steps:
Note: This section is updated regularly but, we suggest downloading the Cube Wealth App to view the latest plans and offers.
P2P lending with Faircent is one of the most popular investment options that The Cube Wealth app currently gives you.
Cube’s P2P investment partner, Faircent, is a technology backed marketplace that brings together investors and borrowers. They are the first Indian P2P lending platform to receive an NBFC-P2P from the Reserve Bank of India (RBI).
The money that you have invested in Faircent is distributed to creditworthy borrowers. Investors prefer this because:
The Cube Wealth app simplifies the process of creating your P2P portfolio by suggesting recommendations based on the risk preference that you select.
The Cube Wealth app gives you access to three P2P Faircent investment options:
P2P lending By Faircent has historically generated better returns than your average bank savings account, fixed deposit, recurring deposit, and even debt funds.
Furthermore, Cube gives you the unique benefit of splitting your P2P investment across a basket of top-rated, creditworthy borrowers from Faircent's premium partners like UNO Finance, Mobikwik, Propelld, Oxigen. P2P by Faircent generates recurring monthly payments that can help you build wealth for the medium term.
Faircent Founded in 2013 and named in the prestigious ‘Super Start Ups 2017’ list by Superbrands. Faircent was the first to be certified by the RBI as an NBFC- P2P. Faircent has over 5,600 lenders and disbursed over INR 40 crore as loans to borrowers. Faircent are industry leaders when it comes to P2P in India.
Faircent's innovation and credibility is what made them the standout P2P Advisor for us at Cube Wealth. We all had great experiences testing Faircent with our own personal investments. We were able to build a unique experience for our Cube Wealth Investors where they simply select the P2P risk category they are comfortable with and the amount they want to invest. Everything else is done for the investor!
Cube Wealth members don't need to worry about selecting the borrowers or the amount they want to loan them. So this really is the simplest way to set up your own P2P lending portfolio. Transparent portfolio tracking and our SuperSIP feature makes monthly reinvesting easy.
Consulting a Cube Wealth Coach is generally a good idea when making investment decisions, especially if you're considering investing in peer-to-peer (P2P) lending platforms like Faircent. A financial advisor can assess your risk tolerance, evaluate the risks associated with P2P lending, and help you determine if it aligns with your investment objectives. This makes investment through P2P lending via Cube Wealth much more efficient and less time-consuming.
on stock picking, poring over excel sheets, financial news, analyzing market trends, tracking the Sensex, researching company fundamentals, comparing mutual funds, reading financial reports, trying to predict the future & losing your sanity!
.jpeg)
.jpg)