Can I choose my own EMI date?
Yes, you can choose the EMI date as per your convenience. Please make sure that you have sufficient balance in your bank account 1 day prior to your EMI date to avoid any late fee.
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 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 ...