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CRED to Offer Member Lending Service at 9% Interest Rate

Indian startup CRED is going to be offering a new peer-to-peer lending service at a 9% annual interest rate. So reports TechCrunch.

CREDThe new feature will be called CRED Mint and will be available to some users in the near future. CRED is based in Bangalore and rewards users—the company boasts 7.5 million members—who pay credit card bills in a timely manner. 

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