Kapil Chits Alternative:
The Money Club

If you’re looking for a Kapil Chits alternative for borrowing, saving or investing money, The Money Club is your best bet. It is an AI-powered chit fund platform that is 100% online and is a powerful solution optimized to provide higher returns while making your financial transactions safe, secure and convenient.

Money Club is unique and a worthy (or better) alternative to Kapil Chits . Find out why!

About Kapil Chits

kapil chits logo
kapil chits logo

Kapil Chit Funds Private Limited was incorporated under the Companies Act in 1981 and is considered one of the safest registered chit fund companies. It is the flagship company of the Kapil Group, a conglomerate of over 30 entities managed or owned by Mr. K. Vaman Rao, his family members, CA and associates.

As of July 2019, with 450 offices, 18,000 people employed, over 10,00,000 satisfied customers and an annual chit auction turnover of over ₹4,506 crores, Kapil Chit Fund is one of the largest chit fund companies in India. ...

The chit groups are designed to cater to people's unique requirements, allowing them to choose their chit amount and duration that suit their financial goals. The chit groups vary from ₹1 Lakh to ₹1 Crore. The chit durations are 25 months, 30 months, 40 months and 50 months.

Kapil Chit Fund has a mobile app where people can subscribe to chit groups, make payments, keep track of their transactions, and receive payment alerts and notifications.

About Money Club

The Money Club is a safe and secure mobile platform for Peer-to-Peer Chit fund or Committee. It offers an opportunity to join a group of like-minded people from all over India to start saving or investing money. In times of need, people can also borrow money that is multiples of what they have invested. All the members are verified by the Money Club before they start pooling up money on the platform.

Kapil Chits vs The Money Club Online Chit Fund Platform

kapil chits logo

Kapil Chit Fund is a majorly offline chit fund company. It has a mobile app where you can keep track of your transactions, get alerts and make payments, but it doesn't provide a 100% online experience. There is exhaustive documentation involved where you might need to personally visit the Kapil Chit Fund branch.

The Money Club essentially offers an end-to-end 100% online process. This means – right from registration, verification, contributions to payments – everything takes place online with no paperwork and no physical presence.

How Money Club is Different from Kapil Chits

AI-powered Platform

Money Club is India’s best AI-driven online chit fund platform with 100% online process, ensuring safe, secure and smooth peer-to-peer lending experience.

Zero Paperwork

Registration, verification, bidding, transactions and almost everything else on the platform can be done online without the hassle of massive paperwork, thus saving your time and effort.

Variable Commission Structure

Unlike the traditional chit funds, the Money Club has a variable commission structure which starts with 4% of the chit amount and goes down to as low as 0.5% based on the performance of the subscriber.

Here’s a look at some of the other differences

Features
The Money Club
Kapil Chits
AI-powered platform
Zero paperwork
Performance linked commission structure
Gamified customer journey
High frequency chits (daily, 3days)
Large amount chits
Long frequency chits (fortnightly, monthly)
People can join from PAN India
No physical presence required during an auction
Online payments

The Money Club is not just any online chit fund platform - we are optimised for higher returns and a better customer experience!

Gamified Customer Journey

As you build a good transaction history, you can proceed to higher amounts of Money Clubs through a gamified customer journey.

Large Amount Chits

Users can join multiple clubs resulting in a cumulative club amount of more than 1 lakh based on their profile on the platform.

Long Frequency Chits

Along with the high frequency clubs, the Money Club also runs the long frequency clubs like the fortnightly and the monthly clubs wherein the auctions happen in every 15 days or in every 30 days.

Online Payments

Users can make transactions from any of their online payment apps like google pay, phonepe, etc. and submit the transaction id in the Money Club app.

High Frequency Chits

Unlike the traditional chit funds, the Money Club runs the daily and the 3-days frequency clubs as well which help the subscribers to earn returns in a short tenure or borrow whenever they feel the need.

Open to PAN India

Like-minded people from anywhere in India can join a Money Club and begin their journey with us.

No Physical Presence Required

The entire process, right from registration to auction, is 100% online. This means you can conveniently be in the comfort of your home during the auction.

Your search for the best Kapil Chits alternative ends here. Join Money Club today and start saving for your financial needs!

Happy & Satisfied Money Clubbers

Saved, Borrowed & Invested money in Money Clubs