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 50,000.
- Aggregate exposure of a lender to all borrowers at any point of time, across all P2Ps, shall be subject to a cap of Rs 10,00,000.
- However, you can lend up to 50,00,000 on submitting a certified net worth certificate of 50,00,000.