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A little bit of Money, A little bit of Risk and you can get almost 9% ROI on your money.
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How much money will you have to invest?
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When can you take out your Money?
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Where does you money get Invested?
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And how will 9% ROI get generated?
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We will cover all these things in today's video.
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You need to have access to CRED App before having access to CRED MINT.
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CRED is a members only credit card bill payment platform
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that rewards its members for clearing their credit card bills on time.
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CRED members get access to exclusive rewards and experiences from premier brands upon clearing their credit card bills on CRED.
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To Sign Up for CRED - you need 3 things
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Your name, valid mobile number (issued within India) and an Experian credit score of 750 or above.
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CRED MINT is a peer to peer investment in partnership with Liquiloans
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LiquiLoans is a licensed P2P lending NBFC in India.
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P2P (peer to peer) investment works similarly to a BANK
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Some people will deposit their money into savings and fixed deposits
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which the bank lends to borrowers who are in the need of money.
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Money received from *Borrower (not Lender) is distributed back to the depositors after keeping a small commission.
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In P2P also, the money is distributed in a similar fashion to borrowers.
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Due to their simplicity, P2P lenders keep only a small commission for themselves and distribute the rest of amount to the lenders.
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The returns you get on P2P platforms is relatively higher than the banks.
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and this is why CRED MINT may also be able to give you returns of around 9%.
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CRED Mint is being launched for Lenders, CRED Cash is for Borrowers.
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Given that CRED's membership is only available for people with a Credit score of 750 or higher
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CRED is banking upon this strong repaying capability of its member.
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Minimum Investment amount required for CRED MINT is 1 Lakh and Maximum is 10 Lakh
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CRED Mint is currently an Invite Only service which is available for its top 1% members.
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As per CRED, its only available for people who it believe are Serious Investors.
