Can a lender take loan and lend at the same time?
No, you can either take a loan or lend at any given point of time.
Can I take multiple loans at a time?
No, you cannot have multiple active loan at a time. However, if you are eligible, you can take a top-up on your existing loan
Can I be a borrower and investor at the same time?
No, you can either take a loan or lend at a time
How much money can I lend and for what tenure?
You can start lending as low as Rs 500 per borrower with loan tenure from 6 months to 36 months. However, the following has to be adhered to as per regulations: Exposure of a single lender to the same borrower, across all P2Ps, shall not exceed Rs ...
What amount of personal loan can I take and what will be the tenure?
You can avail loan starting from Rs 30,000 to Rs 10,00,000 depending on your eligibility. Loan tenure starts from 6 months and can go up to 36 months.
How is my loan eligibility decided?
At 5paisa P2P, we use a very robust credit evaluation model which takes into account different parameters such as credit score, open loans, repayment history, income in hand, among others, to decide your creditworthiness and loan eligibility.