Married couples more likely to get funded than single borrowers

MUMBAI: According to a first-of-its-kind report on P2P lending, married couples are 1.5 times more likely to get funded by lenders than single borrowers. The research, conducted by Faircent.com, throws light on other interesting insights into borrower activity and trends.

For the nascent P2P lending industry, the report throws up interesting trends that show self-employed professionals like doctors or architects are twice as likely to get funded than self-employed businessmen; and that, 90% of lenders are earning a gross return of 18-26% per annum, with an average loss rate of 2.5%.

Speaking on the subject, CEO of Faircent, Rajat Gandhi says, "The idea of releasing the data analytics research report is to transparently share the information with our lenders so that they can make informed decisions, thereby building investor confidence in the industry."


The P2P lending platform has reportedly reached a milestone on monthly funding by crossing the Rs 1 crore mark on August this year, with the company growing at the rate of 15-20% month-on-month since then.

"We are the pioneers in the industry and it is heartening to see the growing trust people are bestowing on P2P lending platforms," says Gandhi.