We understand that safety is a top priority when it comes to your investments. Xtra is a P2P Lending product, which means your funds are lent directly to borrowers. While P2P lending does carry some level of risk, several measures are taken to mitigate this:
Rigorous Borrower Screening: Our NBFC-P2P partner, Lendbox conducts thorough credit checks and assessments of borrower profiles before allowing them to access funds. This helps to keep defaults in check.
Diversification: Your money to be lent out is spread across multiple borrowers, which minimizes the impact of default from a single borrower.
Regular Monitoring: Lendbox continuously monitor the performance of loans and the financial health of borrowers to ensure ongoing stability and take required measures to reduce delay in repayments.
While no investment is entirely without risk, our NBFC-P2P partner is committed to managing and mitigating risks.