Lending Club Sadness
Re: Lending Club Sadness
I have about $50 left in notes which I mostly bought about 5 years ago, so the timing is good with just a few 60-month notes remaining. My peak account value was over $100k. Final Net Annualized Return with the filter I implemented is 5.85%.
Re: Lending Club Sadness
Just invested 1.70% of savings into a Reserve Bank of India licensed Non-Banking Financial Company: Peer-to-peer (NBFC-P2P.)
A person/company can invest upto ₹50,00,000 through all peer-to-peer lending platforms.
My exposure to any particular borrower on all the peer-to-peer lending platforms cannot exceed an amount of ₹50,000.
If I wanted to invest more than ₹10,00,000 across all P2P platforms, I would needs to produce a certificate from a practicing Chartered Accountant certifying my minimum net-worth to be of ₹50,00,000.
A person/company can invest upto ₹50,00,000 through all peer-to-peer lending platforms.
My exposure to any particular borrower on all the peer-to-peer lending platforms cannot exceed an amount of ₹50,000.
If I wanted to invest more than ₹10,00,000 across all P2P platforms, I would needs to produce a certificate from a practicing Chartered Accountant certifying my minimum net-worth to be of ₹50,00,000.