This is where you can consider lending money to family, friends, business partners, colleagues and other associates through SaveIN.
As a rule, one can look at investing 10-20% of their investible amount through SaveIN. This will help you diversify your investments, in a low-risk environment, while earning 2X-3X returns as compared to bank FDs.
Once you create your ‘lending profile’ on SaveIN, you can be discovered by prospective borrowers who already know you (those who have your phone number already saved as a contact) and can reach you for short term loans, paying interest as agreed between you and the borrower through the SaveIN platform.
This is a unique form of Peer to peer (P2P) lending and borrowing experience since both lender and borrower are already known to each other unlike traditional peer to peer platforms where lender and borrower are unknown to each other.