In recent days, a post on the former Twitter handle, now X, caught the attention of thousands of users, especially those interested in investment alternatives. The post, by influencer Gevinio Menezes, talked about the emerging Clube do Empréstimo PicPay, a type of peer-to-peer loan that promises attractive returns to investors.
With interest rates that can reach, according to the publication, 162% annually, many are asking: “How is this possible?” and “Is this really cool?”
How does PicPay Loan Club work?
To better understand what is being proposed, we first need to understand the term P2P lending (peer-to-peer lending). The method, released by the central bank in 2018, works in a similar way to torrenting – through a decentralized network of users. The idea is to provide an alternative to a loan where there is no need for a traditional intermediary, such as a bank.
Influencer Gevinio Menezes compares PicPay Loan Club to Uber's business model: the company merely mediates between those who need money with those who have money left over to invest. However, the influencer warns that the borrower's interest will not always be low and that PicPay charges an administrative fee to the investor.
Is it legal and trustworthy?
PicPay Loan Club is allowed, after all, loans made by individuals to individuals are licensed by the central bank. However, it is important to note that the offer is made as a banking correspondent for Crednovo Sociedade de Empréstimo entre Pessoas SA.
Regarding reliability, the analysis is more complex and requires an assessment of the risks of each specific case. As with any investment transaction, it is essential to understand the risks involved and act with caution.
Is Empéstimo PicPay Club worth it?
The answer to this question is: it depends. PicPay promises interest rates starting from 3% per month to borrowers and funds can be paid out in up to 15 instalments. However, investors should be aware of the risk of default – PicPay only acts as an intermediary and does not bear responsibility for non-payment of the loan. Even in cases where the borrower has a low risk factor.
Therefore, if you are considering investing your money or taking out a loan through PicPay Loan Club, it is recommended to consult a financial advisor to better understand the risks involved.
The growth of digital financial options brings newness and possibilities, but it is always important to remember that every investment comes with its own set of risks. Stay alert and make informed decisions!
