September 1, 2021International news
CRED to offer up to 9% returns to investors with peer-to-peer lending platform Mint
Fintech CRED on Thursday (August 19) announced that the firm is launching a peer-to-peer (P2P) lending platform named Mint, as the fintechs startup aims to monetize its 7.5 million users. At present, the CRED app offers several services such as credit card repayment, instant personal loan, rent payments and online shopping deals, among others.
In CRED’s Mint platform, the users of the Fintech app will act as both borrowers and lenders. Shah has reportedly said that CRED Mint will offer an interest rate of up to 9 per cent to its users who will be investing their money in the peer-to-peer (P2P) lending platform. The members will allow investing or lending in between Rs 1 lakh to Rs 10 lakh. CRED is also offering commission-free loans and investment options under the Mint platform.
