Is P2P Lending Safe? RBI Regulations on P2P Lending | What you should Know!

🔥 In this insightful conversation, we sit down with Bhavin Patel (Co-Founder & CEO, Lenden Club) to discuss entrepreneurship, P2P lending, financial crises, and business growth! 🚀 Are our financial futures already written, or can hard work change everything?

✔️ Bhavin Patel’s Entrepreneurial Journey
✔️ Lenden Club’s Business Model & Growth Strategy
✔️ The Financial Crisis & The Future of P2P Lending
✔️ Business Challenges & How to Overcome Them
✔️ RBI Regulations & Their Impact on Fintech

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Connect With LenDenClub:
Website - https://www.lendenclub.com/
Instagram- instagram.com/lenden.club
Youtube- https://www.youtube.com/@LenDenClubOfficial
LinkedIn- in.linkedin.com/company/lenden-club
Download the LenDenClub App: https://lendenclublender.page.link/xZbo

Check out Bhavin:
Instagram- https://www.instagram.com/unfilteredfounder/
LinkedIn - in.linkedin.com/in/bhavinpatel2022
Youtube- https://www.youtube.com/@UnfilteredFounder13

Timestamps:
00:00 – Intro
01:15 – How does the Lenden Club work?
02:15 – How did you start?
05:12 – Securitization process
06:48 – After NBFC, Lenden Club Journey
07:24 – Meaning of NBFC
08:12 – After Selecting NBFC
09:41 – How does the Borrower Industry work?
11:43 – Lenden Journey Work
13:20 – Bhavin Joins the job
16:18 – P2P Explanation
19:31 – When did you start after the idea was ready?
21:05 – Regulation
23:22 – Idea validation point
24:15 – Idea validation stage
25:06 – Turning point
25:54 – Loan repayment ratio
27:14 – Effect after RBI regulation
30:01 – Expected NPAs?
33:22 – RBI Regulation
34:31 – Borrower algorithm set
34:59 – Can a platform invest its own money?
35:37 – Chinese app loan scam – Was it P2P?
36:33 – How does P2P earn money?
37:38 – How does a lender select a borrower?
38:09 – Definition & KPIs of a good borrower
39:21 – How does a platform determine borrower category?
39:48 – Borrower’s previous experience
40:22 – Lending & CIBIL score
40:34 – RBI regulations on default
40:50 – Insurance on P2P
40:56 – Rate of risk
42:03 – Who defaults on loans?
44:42 – Shocking revelation: Women default more than men
46:54 – Are NPAs sold in P2P?
47:02 – Do defaulters pay EMIs or the full amount?
47:54 – What happens if EMI payments stop?
49:06 – Can someone take another loan after an existing one?
50:18 – Biggest challenges faced
53:36 – RBI regulation
54:18 – Major issues after regulation
55:14 – A lender cannot transfer loans to another lender
55:59 – Risk from a customer’s point of view
56:54 – Was Lenden Club profitable from the start?
58:51 – How to handle conflicts in a team?
1:01:50 – How to retain talent?
1:04:38 – Do you compromise when values drop but talent is good?
1:05:43 – Culture misfit
1:06:04 – Uncompromised values
1:07:12 – If given a time machine, what advice would you give your past self?
1:08:53 – The Butterfly Effect
1:11:27 – Biggest sacrifice throughout the journey
1:12:51 – How do you manage work-life balance?
1:14:04 – How many hours should one work?
1:16:47 – Entrepreneurship mindset vs. employee mindset
1:18:20 – Experiments on employee potential capabilities
1:21:01 – Best financial decision
1:21:10 – Role of luck in success
1:21:56 – Two ideologies: Free Will vs Destiny
1:23:06 – Outro
1:23:22 – Final Advice

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