Use the scroll bar to select the amount you wish to lend. (Illustration)
Select the period of the loan from the options available to view the typical returns. These are typical returns which lenders have managed. These are after the lender fee but before bad debts. |
How are these returns possible?
First of all, bad debts tend to be low since you choose the borrower. And unlike banks, there are no 'mark ups' with YES-secure.com which could significantly reduce your returns. While banks borrow from people like us at 3.3% (fixed deposit for 1 year), they lend for the same 1 year for at least 9.4% (personal loan for a home owner). This difference, called 'Spread', accounts for their department wise mark up (risk, credit etc), bad debt allowance and above all - profits. So honest borrowers and lenders are actually making banks 'too big to fail' even while subsidising defaulters. But, at YES-secure.com, you meet borrowers directly and can bypass all these costly overheads.
Bad debts are further reduced since you view the borrowers in a social setting. Reliability ScoreTM measures a member's social standing, in terms of identity/credit checked connections and responsible credit activity. Higher the Reliability Score lesser the probability that a borrower might default!
For more details go through our Lender FAQs
First of all, bad debts tend to be low since you choose the borrower. And unlike banks, there are no 'mark ups' with YES-secure.com which could significantly reduce your returns. While banks borrow from people like us at 3.3% (fixed deposit for 1 year), they lend for the same 1 year for at least 9.4% (personal loan for a home owner). This difference, called 'Spread', accounts for their department wise mark up (risk, credit etc), bad debt allowance and above all - profits. So honest borrowers and lenders are actually making banks 'too big to fail' even while subsidising defaulters. But, at YES-secure.com, you meet borrowers directly and can bypass all these costly overheads.
Bad debts are further reduced since you view the borrowers in a social setting. Reliability ScoreTM measures a member's social standing, in terms of identity/credit checked connections and responsible credit activity. Higher the Reliability Score lesser the probability that a borrower might default!
For more details go through our Lender FAQs
