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We will now begin a new journey to build a new India, says Narendra Modi

272/543
L :0
W :353
L :0
W :92
NDA :353
UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
TMC
22
+
YSRCP
22
+
Other
53
Business

Here's how you can reduce your risk in peer-to-peer lending

Updated : May 20, 2019 03:02 PM IST

Fairly new to the financial system, the Reserve Bank of India (RBI) regulates the P2P platforms to protect the interest of the lenders, as well as, the borrowers. In October 2017, the central bank made it mandatory for all P2P companies to apply for licence to continue as a P2P platform. 
Most investors on the P2P platforms are mid-age salaried/self-employed individuals, who lend out money to earn attractive returns by taking higher risks compared to financial assets that include mutual funds, etc. 
Make sure you have checked the borrower's financial details like average bank balance, quarterly bank balance, income tax return besides the salary or income.
Here's how you can reduce your risk in peer-to-peer lending
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