Many people compare the returns of savings accounts and P2P lending. But they forget to look at the risk factor.
Your money in the savings account is safe to some extent. Banks insure your money in savings accounts for up to ₹5 lakhs.
Whereas lending in P2P lending provides better returns, it is not guaranteed. If the default rate rises, your returns might be lower, and you might lose your money too.
And, does removing banks and lending to strangers directly to earn better returns sound exciting to you?
Yes or no, you have to understand how P2P lending works. This might save you some trouble or earn more interest.
Read more about it in our latest newsletter.
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