Cred mint vs bharat pe 12% club

Bharatpe fake

Hi, anyone who used either of them or any P2P platforms could provide their experience ? Thanks

I have both Bharatpe 12 % club as well as Credit Mint (I am a lender/investor only)
Bharatpe is the coolest fintech app I have seen. Onboarding is super easy. And you get 12 % interest on a daily basis. Withdrawal is super easy. I withdraw interest regularly and it is ‘instant’ into your bank account. How cool is that. Adding money is super easy too, you can even add 1000 bucks. So full liquidity and 12 % interest, who in the world wouldn’t want to use that !
Cred Mint gives a measly 9 %. They claim they lend to high class borrowers so risk is less. So I have put in some money there too to balance it out. But Bharatpe has so much merchant data that I think they can do very intelligent lending too via LenDen.
So far Bharatpe has not missed any interest payment, so being a yield farmer, I am going all out to park my funds in Bharatpe till I max out. You even have a referral program in Bharatpe where you earn part of your friend’s earning too. In Cred Mint either you should be lucky to have an invite or beg your friend who has an invite. Minimum investment 1L. No benefits for referrals.

I think Bharatpe has stolen Cred Mint’s thunder. Cred Mint can claim to be as white collar as it could, the truth is that the interest is lesser there. Bharatpe is aam aadmi’s Credit Mint. I think on a risk adjusted basis (Bharatpe is no new kid on the block), Bharatpe wins.
Time to wake up Finzy, Faircent, TradeCred, GripInvest — Bharatpe would sweep all your money because even the intergalactic stupid would understand the benefit of full liquidity and 12 % !

https://open.spotify.com/episode/1XEKjLufOUoROG...

this is good explanation, worth the time.

with increase in return and defaulting rate, risk increases exponentially

Its all r very risky
One day u can realize