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.
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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
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 ...
Can I be a borrower and investor at the same time?
No, you can either take a loan or lend at a time
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.
Will a lender have to pay tax on returns?
Yes, we do not deduct any TDS on the returns accumulated by you. Hence you will have to pay taxes while filling for your returns.