PeerLend

PeerLend

  • FOUNDING YEAR: 2015
    LOCATION:
    India
    REGION:
    Andhra Pradesh
    Last Update:
    13 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
P2P Lending - Online Platform that matches people who want to lend with people who want to borrow. The aim of Peerlend is to close the gap between the lender and borrower with flexibility in interest rates.
EXISTING PARTNERSHIPS:
Company generates revenue from both subscription and transaction based revenue model. Lender has to pay first time registration fee of Rs.1,500 and have to pay an annual fee of Rs.1,000/- from second year onwards. It charges lender a 2% fee on the amount of money lent.
COMMENT
The uniqueness of Peerlend is that the interest rates are set by the lender and the borrower. However they have interest rate ranges which is between 14% and 24%.

PEOPLE

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TRACTION

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MOMENTUM

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