CRED launches peer-to-peer lending feature Mint

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Fintech platform CRED said on August 19 it will launch a peer-to-peer (P2P) lending product called Mint, which will be launched in partnership with Liquiloans, an RBI registered P2P non-banking financial company (NBFC), that counts Shah as an early investor.

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Mint is offering members returns of up to 9 percent per annum. Members can lend/borrow in between Rs 1 lakh- Rs 10 lakh in under two minutes, commission-free, and also request withdrawal in one click, partially or in full at any time with no penalty, and earn interest for the period invested.