Can I be a borrower and investor at the same time?
No, you can either take a loan or lend at a time
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.
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 ...