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Peer to peer lender Faircent expects to break even in next 3-4 years, reveals CEO Rajat Gandhi

Peer to peer lender Faircent expects to break even in next 3-4 years, reveals CEO Rajat Gandhi

How has growth been for you since the beginning of FY18?

How much would you have disbursed in FY18 so far?

Roughly how many applications a day are you getting now?

Do you continue to host only individual lenders?

Do you plan to dive deeper into that model and have more institutions lending on your platform?

What is the rate of retention of lenders?

come every month. They may turn up every second or third month. We charge them on a quarterly basis. So the repeat rate is

How many lenders do you currently have on board?

Apart from algorithms, what are the other methods of risk assessment do you use?

You have earlier expressed intention to increase your presence in secured loans. Any update on that?

 

 

 

<p style="\\&quot;text-align:" justify;\\"="">We have been working on that in products like LAP (loan against property). But, that product is just being rolled out. So we haven’t disbursed anything. Bike loans that we were doing are still there.

Source: Financial Express

9 months ago

By HR Reporters

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