GrouPot - A financial social network
GrouPot - A financial social network APK
1.0.0 ․ 3 years agoFree ․ GrouPot ⇣ Download APK (8.14 MB)
Build a financial pool with trusted friends and family
What's GrouPot - A financial social network APK?
GrouPot - A financial social network is a app for Android, It's developed by GrouPot author.
First released on google play in 3 years ago and latest version released in 3 years ago.
This app has 584 download times on Google play and rated as 4.86 stars with 14 rated times.
This product is an app in Finance category. More infomartion of GrouPot - A financial social network on google play
Build a financial pool with trusted friends and family. Made in India for India! 🇮🇳🇮🇳🇮🇳
GrouPot is a group savings & borrowing app that helps you meet your short term financial goals with the help of family, friends, and your social network.
1. Download the app, register with your mobile number, create a GrouPot, and invite members of your family and friends
2. Every member in the GrouPot start saving a fixed amount every month
3. Place a borrow request when you are in need of money anytime and the amount will be transferred to your account by the admin of the GrouPot after all members approve your request
4. Continue your monthly savings for the fixed term of your GrouPot
5. Stay in touch with all members in a GrouPot through group chat
Why should I create a GrouPot and invite my friends?
If you have a planned expense a few months down the line or want to build an emergency fund to meet an unexpected future expense, GrouPot will be the best choice instead of taking a personal loan at a very high-interest rate. Create a GrouPot and invite friends & family members you trust with money. Save a fixed amount monthly together with them and borrow a large sum when in need.
Everyone in a GrouPot enjoys the same benefit of borrowing at 0% interest to meet all upcoming expenses - be it a planned or an emergency.
Is GrouPot a Chit Fund?
No. On the other hand, here are the 3 reasons why GrouPot is better than a Chit Fund
1. There is no monthly bidding in GrouPot. You can borrow money anytime and any number of times you want
2. Since there is no bidding, you don’t lose money as dividend payout
3. Unlike a chit fund, any number of members can borrow money at the same time
Since there is no dividend, there will be no returns on my savings. Why should I still use GrouPot?
Borrowing money is always more expensive than earning on your savings. Personal loans taken in any manner will have at least 2 times more interest to be paid than you will earn as interest with any form of savings schemes.
A GrouPot allows you to future-proof your planned or unplanned expense with getting the money instantly at zero % interest and no documentation.
How do I pay the monthly savings payment?
You can pay the monthly savings payment directly to the admin of the GrouPot you are part of. This payment can be made online or cash outside the GrouPot app and you will have to mark the payment made in the app. The admin of your GrouPot will subsequently confirm the payment receipt. GrouPot app records all payments and borrowing transactions and keeps it transparent across all members of your GrouPot
Who manages the money saved?
The admin of each GrouPots manages the money saved by each member every month.
How much can I borrow from GrouPot?
Your overall borrowing eligibility is the total amount you save throughout the tenure of a GrouPot. For instance, if 10 members in a GrouPot save Rs. 1000 each per month, then the overall tenure of the GrouPot will be 10 months and each member of this GrouPot can borrow up to Rs. 10,000 at once or shorter amounts in multiple intervals anytime during 10 months.
How many members can I invite to my GrouPot?
As many as you want, but we recommend that you keep the circle small to maybe 10 or a maximum of 15 members for easy management and administration.

How do I borrow and repay in GrouPot?
You can borrow as soon as all members of any GrouPot make their first savings payment. To borrow, you just have to place a request and once the request is approved by all members, you will get the amount transferred to your account by the admin of your GrouPot. Your repayments are in the form of the regular monthly installments which need to be paid into the GrouPot. No interest and no hidden charges.

GrouPot is a group savings & borrowing app that helps you meet your short term financial goals with the help of family, friends, and your social network.
1. Download the app, register with your mobile number, create a GrouPot, and invite members of your family and friends
2. Every member in the GrouPot start saving a fixed amount every month
3. Place a borrow request when you are in need of money anytime and the amount will be transferred to your account by the admin of the GrouPot after all members approve your request
4. Continue your monthly savings for the fixed term of your GrouPot
5. Stay in touch with all members in a GrouPot through group chat
Why should I create a GrouPot and invite my friends?
If you have a planned expense a few months down the line or want to build an emergency fund to meet an unexpected future expense, GrouPot will be the best choice instead of taking a personal loan at a very high-interest rate. Create a GrouPot and invite friends & family members you trust with money. Save a fixed amount monthly together with them and borrow a large sum when in need.
Everyone in a GrouPot enjoys the same benefit of borrowing at 0% interest to meet all upcoming expenses - be it a planned or an emergency.
Is GrouPot a Chit Fund?
No. On the other hand, here are the 3 reasons why GrouPot is better than a Chit Fund
1. There is no monthly bidding in GrouPot. You can borrow money anytime and any number of times you want
2. Since there is no bidding, you don’t lose money as dividend payout
3. Unlike a chit fund, any number of members can borrow money at the same time
Since there is no dividend, there will be no returns on my savings. Why should I still use GrouPot?
Borrowing money is always more expensive than earning on your savings. Personal loans taken in any manner will have at least 2 times more interest to be paid than you will earn as interest with any form of savings schemes.
A GrouPot allows you to future-proof your planned or unplanned expense with getting the money instantly at zero % interest and no documentation.
How do I pay the monthly savings payment?
You can pay the monthly savings payment directly to the admin of the GrouPot you are part of. This payment can be made online or cash outside the GrouPot app and you will have to mark the payment made in the app. The admin of your GrouPot will subsequently confirm the payment receipt. GrouPot app records all payments and borrowing transactions and keeps it transparent across all members of your GrouPot
Who manages the money saved?
The admin of each GrouPots manages the money saved by each member every month.
How much can I borrow from GrouPot?
Your overall borrowing eligibility is the total amount you save throughout the tenure of a GrouPot. For instance, if 10 members in a GrouPot save Rs. 1000 each per month, then the overall tenure of the GrouPot will be 10 months and each member of this GrouPot can borrow up to Rs. 10,000 at once or shorter amounts in multiple intervals anytime during 10 months.
How many members can I invite to my GrouPot?
As many as you want, but we recommend that you keep the circle small to maybe 10 or a maximum of 15 members for easy management and administration.

How do I borrow and repay in GrouPot?
You can borrow as soon as all members of any GrouPot make their first savings payment. To borrow, you just have to place a request and once the request is approved by all members, you will get the amount transferred to your account by the admin of your GrouPot. Your repayments are in the form of the regular monthly installments which need to be paid into the GrouPot. No interest and no hidden charges.

