12 % Club - Invest & earn upto 12% from your savings

How can you earn money from the 12% Club app?

12% Club, powered by BharatPe and in partnership with RBI-approved NBFCs offers you a solution for all your investment and borrowing needs.

Invest @12%
– Invest money anytime and start earning interest daily
– Loan amount: From Rs.10,000 to Rs.100,000
– Tenure: 3 months
– Minimum repayment period:3 months
– Maximum repayment period: 3 months
– Repayment: To be repaid after 3 months. Users can also foreclose the loan anytime they want during the tenure with no prepayment charges.
– Maximum Annual Percentage Rate:12%
– Sample calculation: Principle amount=Rs. 1,00,000, Annual Percentage Rate=12% , Assume the loan is repaid after 3 months then Interest= Rs. 3000 , Total Amount Payable= Rs. 1,00,000(Principal) +Rs. 3000(Interest) which is Rs. 1,03,000.
– Get upto 12% interest per annum (Interest accrued daily)
– Request withdrawal anytime, no withdrawal charges
– In partnership with RBI approved NBFCs- LenDenClub & Liquiloans

Borrow @12%
– Borrow money anytime @12% interest
– Repay anytime, no prepayment charges
– Minimum repayment period- 3 months
– Maximum repayment period- 3 months
– Zero processing fees
– Partnered with RBI approved NBFCs- Hindon

How to become a 12% Club Member?
– Download the 12% Club App
– Signup using your Mobile number and OTP
– Create your account by linking your Bank account, PAN and completing KYC
– Accept T&Cs
– Start investing or borrowing @12%

Start earning up to 12% on your investments

Create Account in 12% Club

NBFC partners:
12% Club is a platform and does not give out returns on investments or loans directly to users. 12% Club has partnered with RBI approved NBFCs – hindon mercantile limited, LendenClub (Innofin Solutions Private Limited) and Liquiloans(NDX P2P Private Limited).You will be shown a sanction letter of the NBFC on the app when you opt for a loan and deposit agreement is shown when you choose to invest money.

Personal Loan Features
Loan amount: From Rs.10,000 to Rs.100,000
Tenure: 3 months
Repayment: Repayment to be done after 3 months. Users can foreclose the loan anytime they want with no foreclosure charges. Money transfer to a bank account

Contact Us:
For any queries, feedbacks and suggestions
Address: BharatPe, Building No. 8 Tower C, 7th Floor, DLF Cybercity, Gurgaon-122002 Haryana
Email: support@twelve.club
Website: twelve.club

How to become a 12% Club Member?

– Download the 12% Club App
– Signup using your Mobile number and OTP
– Create your account by linking your Bank account, PAN and completing KYC
– Accept T&Cs
– Start investing or borrowing @12%

Create Account in 12% Club

1. Details on 12% Club

What is 12% Club?

12% Club is a technology-based application (“12% Club“) that offers you the opportunity to earn a return of up to 12% on amounts you invest by deploying them with NBFC-peer to-peer platforms (“P2P NBFC Partners“) and also allows borrowing from our lending partners at an interest rate of 12 % per annum. Please note that 12% Club merely acts as a sourcing and technology partner to these regulated entities and does not guarantee a return on your investment.

Who are the NBFC partners and/or P2P NBFC Partners on the 12% Club?

12% Club (Resilient Innovations Private Limited) partners with various P2P NBFC Partners and NBFC partners for providing these services. The investment amounts are placed with RBI-regulated P2P NBFC, Innofin Solutions Private Limited (“LenDenClub“) and NDX P2P Private Limited (“Liquiloans“) and the borrowing is extended by RBI-regulated NBFC – Hindon Mercantile Limited.

How to create an account on 12% Club?

You can create your account by completing KYC on your 12% Club. Once your account is created, click on add money to start earning 12% returns on your investment (based on deployment to borrowers and repayments by borrowers through the P2P NBFC Partner) or click on borrow money to take loans at 12% interest subject to your creditworthiness as approved by our lending partner.

2. Investing with 12% Club

How to add money in 12% club account?

You can add money using UPI, Debit Card or Net Banking. There are no charges to adding money to your 12% Club Account.

When is the return earned on an investment in 12% Club and how do I get a return up to 12% on my investment?

The return is earned daily on your investment based on deployment with registered borrowers through the P2P NBFC Partner. You can earn up to 12% return on your invested amount. The return is in form of interest paid by the borrowers to whom the money is lent through P2P NBFC Partners.

For example – if you invest ₹ 1,00,000 with 12% Club. You will earn up to 12% return per year – ₹ 12,000 and ₹ 33 per day. Return will be earned from the next day (based on disbursement to a borrower).

How much money can I lend?

Exposure of a single lender to the same borrower, across all P2Ps, shall not exceed Rs 50,000. Aggregate exposure of a lender to all borrowers at any point of time, across all P2Ps, shall be subject to a cap of ₹ 10,00,000. However, you can lend up to ₹ 50,00,000 on submitting a certified net worth certificate of ₹ 50,00,000.

What is the risk and how to mitigate it?

Our P2P NBFC Partner tries to minimize risks by undertaking stringent verification and credit underwriting process. These investments which are in the form of lending through our P2P NBFC Partner are subject to risk on account of the borrower defaulting on the payment. In case of any default, we do regular follow-up and soft recovery with the borrower.

Can a lender take a loan and lend at the same time?

No, you can either take a loan or lend at any given point in time.

What happens if any borrower fails to repay? Who bears the risk?

Please note that we along with our P2P NBFC partner try to minimize risks by undertaking stringent verification and credit underwriting process. Further, peer-to-peer lending is unsecured and even after a rigorous process, we do not guarantee risk-free returns or no defaults. However, we have a soft recovery and collection process in place to ensure minimal defaults.

When an individual borrower defaults, it can impact the pool of investors against whom the loan was made. For example, if your ₹ 3,000 (three thousand) is spread across 100 loans and the borrower defaults, the potential loss is ₹ 30. Multiple lenders invest in multiple borrowers.

Essentially – for an ₹ 3,000 (three thousand) loan, there are multiple lenders who have invested in that ₹. 3000 loan and if that loan defaults, all the investors who have invested in that loan lose the built-in buffer.

How is investing through the 12% club different from directly investing through your NBFC P2P Partner?

We act as a sourcing agent and tech support for P2P NBFC Partners to provide our customers with a unique experience on our 12% Club. Please note that our P2P NBFC Partners may have affiliations with third parties who independently offer different programmes and offers on their platform.

How do re-investments work? Are the daily earnings reinvested or just the actual investment earns interest?

Daily-earnings on your investment do not get re-invested back. They are available for you to withdraw with or without principal in the usual fashion.

3. Money withdrawal from 12% Club

Are there any withdrawal charges?

No! There are no withdrawal charges.

Can you withdraw your invested amount before the loan matures? Can the invested amount be withdrawn partially?

Yes, you can withdraw the amount in partial or full before maturity. The amount you select will be credited in your bank account according to the terms and conditions of the 12% Club. Please note that as per RBI P2P regulations, the maximum tenure cannot exceed 36 months.

What are the parameters for dealing with a withdrawal when there are various lenders wanting to withdraw the invested money at the same time that has already been disbursed?

Our P2P NBFC Partners have a secondary market and there is no guarantee of liquidation by the 12% Club. If there is a run on the platform the worst that can happen is the money will come in a staggered way depending on the underlying tenure of the loan (which is the average tenure of 6 months). A run on the platform does not mean the underlying loans are bad, it just means the lender has to wait longer to get their money back.

How long does it take for the withdrawal amount to be settled in my bank account?

Withdrawal requests are generally processed within 1 business day from the date of request of withdrawal. However, in rare cases, there might be a delay at any of the intermediary bank’s end. If you are facing any issues beyond the aforementioned time, please feel free to chat with us or contact our customer support team.

Where will money is withdrawn from the 12% Club get credited?

Withdrawn money will be credited to your registered bank account.

4. Borrowing with 12% Club

How do I get eligible to borrow at the 12% Club?

Our lending partner – Hindon Mercantile Limited has a credit policy basis on which eligibility checks happen. You need to have a good credit score to be eligible for borrowing. However, there can be multiple reasons for rejection. It may be one of the following:

– You may not be eligible as per our lending partner.

– You may have failed to furnish all valid supporting documents.

How is interest calculated on my loan?

Interest is calculated at 12% per annum on your borrowings subject to your creditworthiness. For example – if you borrow ₹ 1,00,000 with 12% Club. The interest cost will be @ 12% interest per year; i.e. 3,000 for 3 months. Interest gets added every day ₹ 33 per day. You can close your loan anytime. There is no prepayment penalty.

When do I repay back?

All loans are for a fixed 3-month duration. At the end of 3 months, we pull principal + interest from your registered bank account. You can close your loan anytime. There is no prepayment penalty.

How much money can I borrow?

The loan offers start from as low as ₹ 10,000 and up to ₹10,00,000. The maximum amount of loan will differ from person to person depending on their creditworthiness.