I have been reviewing multiple P2P platform and been investing in 3 platform:
- Lenden Club.
6 months Performance of my portfolio:
As it is evident I have made around 20% return pretax which is not bad.
Defaults up till now = 0
EMI in delay = 1000
I2i lending I use to lend to mostly people working in government firms who I feel have stable job and low correlation with economic changes in the world.
I always use 5000 Rs to stay diversified across multiple borrowers
My Lenden portfolio has given me higher return compared to other platform.One reason is I use this platform to give 2 months high interest loans.The risk is higher but minimum ticket size is small(500) which helps me to diversify. Secondly due to short term loan churn is very high and if I see economy going bad or higher delinquency I have control over the book.
All investment are given to salaried people.
Return from Faircent is in between I2I and Lenden. Majority of borrower are in business segment. In future I will like restrict my exposure to business group and will diversify to other platforms.
Another P2P platform I tried was Lendbox. Minimum investment is 10000 which is high because RBi restrict total investment to 10 Lakh which means I can do max 100 investments which is low.
I am in the process of trying Monexo and will update with the performance!