How is my loan eligibility decided?

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• What is the interest rate for personal loan?

  The interest rate is decided as per your loan eligibility and credit evaluation. The interest rate starts from 12% and can go all the way up to 36%

• 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.

• Why is my Loan Application rejected?

  There can be multiple reasons for rejection. It may be one of the following: You may not be eligible as per our platform criteria. You may have failed to furnish all valid supporting documents. You are not satisfied with the loan offer (Not clear)

• What are the fees and charges applicable for personal loan?

  The only fee applicable is a processing fee in the range of 2.5% to 4.5% on the approved loan amount on 5paisa P2P platform

• 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.