14% return in a year: P2P lending catches investors' eyes

An average 12-14 per cent return in a year! Sounds exciting? This is what lenders on P2P lending platforms have earned in a pandemic-stricken year. Data from P2P lending platform LenDenclub shows as many as 4,50,000 new lenders joined the platform in FY21 compared to 50,000 registered lenders at the end of FY20. With this, the total registered lenders on its platform stood at 5 lakh, a jump of 900 per cent in a year.
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