LenDenClub unveils a fixed maturity peer-to-peer investment plan with expected returns of 10–12% p.a.
- ByStartupStory | August 1, 2022
LenDenClub, the largest P2P lending platform in India, today launched FMPP, or the “Fixed Maturity Peer-to-Peer Plan,” a modern, term-based P2P plan that offers investors estimated returns of 10–12% per annum for a minimum investment of Rs 10,000. By the end of FY23, the company hopes to have 1 million investors on board and have $10 billion in AUM from FMPP.
The FMPP investment plan from LenDenClub has adjustable tenures of 1, 2, 3, 4 or 5 years. It is a term-based investment plan. Throughout the lifetime, the invested funds are reinvested multiple times, offering investors the benefit of compounding and an annualised yield of up to 12.21 to 15.25% p.a.
Bhavin Patel, co-founder and CEO of LenDenClub stated, “FMPP is a pioneering, customer-first investing option in this period of low FD rates and volatile stock-market conditions. After 18 months of development and testing, it is now finally available. The FMPP investment plan offered by LenDenClub is a genuine ‘alternative investment outlet’ for all investor classes, including HNIs and regular investors. Everything we do is based on technology.”
He further said, “By integrating critical technology-enabled features into our platforms, such as hyper-diversification, auto-investment, and reinvestment, we hope to influence a significant change in how investments are planned and carried out, particularly among younger and more tech-savvy audiences. The FMPP introduces a new paradigm of stability and transparency, which has by far taken primacy among investors, to the current investment landscape, which is plagued by rising inflation and market volatility.”
About LenDenClub
Dipesh Karki and Bhavin Patel launched LenDenClub in 2015. LenDenClub has been one of the quickest and most significant P2P lending startups in India. It is a peer-to-peer (P2P) lending platform that is rapidly expanding. It brings together creditworthy customers looking for short-term personal loans and investors or lenders seeking large returns.
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