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Our most loved app i.e Fintech platform CRED, on Friday, announced the launch of a new peer-to-peer lending feature called CRED Mint.
CRED Mint is the known platform’s first community-driven product that enables members to earn interest on idle money by lending to other high-trust members. The product is being launched in partnership with Liquiloans, an RBI-registered P2P NBFC.
The members who participate in CRED Mint can earn inflation-beating interest rates of up to 9 per cent per annum, CRED said in an official release.
The platform started out as a credit-card repayment platform, rewarding users with points for paying their credit card bills. It then expanded its offerings, including rent payments and personal loans.
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