Why Lendbox?
Balvinder credits his modest upbringing to help him grow up to be a man with a passion for giving back to society. A successful stock market broker by day, Balvinder works with the homeless around his locality in the evenings and provides free tuitions to the underprivileged children early mornings before work. Healso runsa small business operating an e-commerce site which promotes cottage industries products from the rural areas of Rajasthan and Uttar Pradesh.
“A friend introduced me to Lendbox and the idea of P2P Lending” says Balvinder
They were discussing new ways of investing where they can also make a social impact, “Impact Investing” so to speak and P2P Lending and then Lendbox came into picture. Balvinder also saw the financial advantage of P2P Lending and the great returns which the platform offers.
Personalizing The Personal Loan
Balvinder especially likes the fact that the system is completely transparent and the loans are made to real people. “I like that I know exactly where my money is going and who it’s going to and what it’s being used for, it personalizes and humanizes the whole experience for both sides of the table” he says.
Compare to Bank Rates
Lastly and quite naturally Balvinder likes the returns he gets on his investments through Lendbox. “It’s empowering to know that you can help people out and make money like banks do at the same time,” Balvinder says. “Of course there’s a bit of risk, but I make triple of what I would be making had I put my money in SIPs and infinitely more than what a fixed deposit would give me”
At the end, Balvinder found an investment platform which helps people out and also provides its investors a safe and high yield investment option, as per him it’s a completely win-win situation.
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