New Delhi/Kolkata: BharatPe, one of India’s fastest growing fintech companies, has announced its foray into the consumer space with the launch of its first-of-its-kind consumer product-12% Club. Available on Google Play Store and Apple App Store, this product is set to redefine the rules of consumer lending and investments, says a press release.
With 12% Club, consumers will have an option to invest and earn upto 12% annual interest or borrow at a competitive interest rate of 12%. BharatPe has partnered with RBI approved NBFCs to offer this investment-cum-borrowing product for consumers. The company aims to achieve an investment AUM of US$ 100 mn and a lending AUM of US$ 50 mn from this product, by the end of the current fiscal.
The consumers on the 12% Club app can invest their savings anytime by choosing to lend money through BharatPe’s partner P2P NBFCs. Additionally, consumers can avail collateral-free loans of upto Rs. 10 lacs on the 12% Club…
