All You Want to Know About TradeCred Review

See, we all know that in today’s time everyone wants to earn a good return on their savings. In such a situation, the stock market can prove to be a very good option for all those people.

Because other investment options such as savings bank accounts and fixed deposits now offer very low returns, the time has come for us to shift our attention to other investment options like the stock market, mutual funds, and bill discounting.

By the way, it’s been my experience that most retail investors seem to have very little knowledge of bill discounting.

The reason for this is that formerly, HNI investors used to put their money into such instruments since the investment requirements were so high.

However, because of platforms like TradeCred, retail investors may now conveniently invest their money in such instruments in order to earn 11 to 13 percent of return on their investments without mitigating any kind of major risk unlike investing in the stock market. 

What is TradeCred?

TradeCred is a new platform where you can invest in invoice discounting and earn a consistent return of 10-13 percent over a short period of time.

There are certain risks, such as default on the loan or late payment of returns, but it is generally safe.

It is one of the finest alternatives for someone searching for a short-term investment with a better return than FD but lower risk than stocks, with a minimum commitment of Rs. 50,000 and a straightforward process.

This is a relatively new concept, and many people are curious about TradeCredit.

Basically, in this article, we are going to share some important information about TradeCrade in detail. If you are someone who is also looking for an unbiased opinion about the same then kindly read this article till the end.

TradeCred Review [Unbiased]

TradeCred is a unique way of discounting invoices. TradeCred allows retail investors to engage in invoice discounting while also allowing businesses to acquire short-term money from retail investors.

TradeCred makes easy investing options available to many ordinary investors because of the emergence of the internet.

If you’re a retail investor with money to invest for a short period of time, such as 90 to 180 days, but don’t want to invest in FDs, bonds, or stocks, invoice discounting could be a good option.

TradeCred serves as a link between the fund’s needing company and retail investors like you. This could become a great investment option if you really want to earn some good returns on your capital.

You may easily invest your money in bill discounting on TradeCred’s platform, and after your investment period is over, the earned money is transferred to your wallet, and you can easily withdraw it.

In fact, if you want your money to be re-invested after the investment period has ended, you can do the same very easily. 

The best part about this platform is that you don’t have to pay any kind of taxes like accounting opening, annual maintenance charges, and taxes on your earnings.

The one and only tax you have to pay on your income earning are according to the Income-tax slab.

Also one of the best things about this type of investment is that you don’t have to pay any kind of GST charges too as it is exempted from such kind of short-term investments.

Is TradeCred Safe?

So, when it comes to investment safety, the platform is actually fairly secure to invest in because the default rate on this platform is currently 0%.

Also, before listing any sort of bill discounting investment on their platform, the Tradecred staff verifies all necessary documentation and counterparty information, making this platform extremely secure for investment.

Although no regulatory authority is currently acting as a moderator in these sorts of transactions, the platform is ensuring that if a borrower defaults, its staff would assist the investor legally in every manner possible.

We all know that every type of investment has some level of risk, which is why any investor should conduct their own research before investing in any assets.

Final Conclusion on TradeCred Review

We really hope that you have liked this article related to TradeCred Review very much.

If you have any queries regarding this article then you can send us directly via commenting in the comments section given below.

If you have liked this article, then kindly share it with your friends and family.

Thank you so much for reading this article till the end.

Leave a Comment

Your email address will not be published.