Higher interest rate returns a draw for P2P

HIGH interest rate returns has been among the biggest attraction for investors to participate in peer-to-peer (P2P) financing platforms, notes a survey by Funding Societies.

Almost half of the respondents (42.1% or 565 respondents) who participated in the survey deemed the attractive rates, which can go as high as 14% per year – exceeding conventional fixed deposits (3.5%-4% p.a.) and the Employees Provident Fund dividend (6%-6.5% p.a.) – as the top reason for investing in P2P financing.