BharatPe Launched a Mobile App

27 August 2021 Current Affairs:BharatPe has launched a “12% Club” app that will allow shoppers to make investments and earn up to 12 percent annual pastime or borrow at a comparable rate. 

Highlights:
BharatPe has partnered with LenDenClub (RBI-approved NBFC) for this app and lending arrangement. Consumers can make investments with their savings anytime by means of deciding on whether to lend cash on the “12% Club” app. Apart from this, customers can avail of collateral-free loans of up to Rs 10 lakh on the 12 per cent Club app for a tenure of three months.
 

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