BharatPe has launched a “12% Club” app that will allow consumers to invest and earn up to 12 per cent annual interest or borrow at a similar rate. BharatPe has partnered with LenDenClub (RBI-approved NBFC) for this app and lending arrangement. Consumers can invest their savings anytime by choosing to lend money on the “12% Club” app. Apart from this, consumers can avail of collateral-free loans of up to Rs 10 lakh on the 12 per cent Club app for a tenure of 3 months.
Important takeaways for all competitive exams:
- Chief Executive Officer of BharatPe: Ashneer Grover;
- Headoffice of BharatPe: New Delhi;
- BharatPe Founded: 2018.