P2P Directory Part 7: Performance Analysis — NPA, AUM, and Return Comparison Table
A head-to-head comparison of Indian P2P platforms based on key performance metrics. Comparing LenDenClub vs Faircent vs IndiaP2P vs Lendbox.
P2P Directory Part 7: Performance Analysis
Choosing a P2P platform based on “Target Returns” alone is a dangerous strategy. The real metric of success is the Net Return (Target Return minus NPA/Defaults).
📊 Comparison Table: Platform Metrics (May 2026)
| Platform | Avg. Target Return | Est. NPA Rate | AUM / Scale | Ideal For |
|---|---|---|---|---|
| IndiaP2P | 15% - 18% | < 1.0% | Moderate | High Yield + Low Risk |
| LiquiLoans | 9% - 11% | ~2.5% | Very High | Conservative Investors |
| LenDenClub | 10% - 12% | 3.61% - 3.88% | High | Diversification Seekers |
| Cashkumar | 11% - 14% | 0.00% (Biz) | Low | Liquidity (Short Tenure) |
| Faircent | 12% - 18% | Variable | High | Pro/Manual Investors |
| Lendbox | 11% - 14% | ~9.75% (HY) | Moderate | Risk-Takers |
| 1 Finance P2P | Up to 16% | 0.00% (New) | Very Low | Early Adopters |
| Rang De | 4% - 6% | 0.31% | Moderate | Social Impact |
📉 Understanding the “AUM vs. NPA” Trade-off
As platforms grow in AUM (Assets Under Management), they often have to loosen their credit filters to accommodate the massive inflow of capital. This is why you often see “Giants” with higher NPA rates (3-4%) compared to specialized boutique platforms (<1%).
Key Takeaways for 2026:
- NPA Transparency: Platforms like LenDenClub and IndiaP2P lead the industry by publishing monthly “Factsheets.” If a platform hides its NPA numbers, exercise extreme caution.
- The “Net” Math: If a platform offers 12% and has 4% NPA, your actual return is roughly 8% (minus fees and tax). Always calculate the net.
- The August 2024 Legacy: Post-RBI crackdown, platforms can no longer guarantee returns. Any platform still promising “Fixed 12%” is likely in violation of RBI guidelines or using deceptive marketing.
Next Part: Part 8: The Master List — The Exhaustive 50+ Platform Directory Registry
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