Can I be a borrower and investor at the same time?

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• What happens if any borrower fails to repay the EMI?

  Peer to Peer Lending is unsecured lending and even after a stringent process, we do not guarantee risk-free returns or no defaults. However, we have a soft recovery and collection process in place to ensure minimal default. In case if the lender ...

• 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 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.

• What happens in case I fail to pay my EMI on time?

  We suggest all our borrowers to ensure paying all EMI’s on time to avoid any late fee. However, if you fail to pay EMI on time, there will be a late fee of 24% per annum on the EMI amount.

• What is the time taken to get the loan amount disbursed in my bank account?

  Availing a personal loan is quick and easy with 5paisa P2P. We take less than 24 hours to process your loan application and once approved, the loan amount is deposited in your bank account the same day.