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.
Can I be a borrower and investor at the same time?
No, you can either take a loan or lend at a time
What is 5paisa Loans?
5paisa Loans is India's preferred lending platform that ensures premier service, transparent processes and healthy ROI for its lenders. It’s a platform that connects lenders, looking for higher returns and portfolio diversification, with verified ...
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 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.