What are the returns and fee/charges for P2P lending?

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• What is the risk probability in P2P lending and how to mitigate risk?

  Peer to Peer lending does not guarantee risk-free returns. However, we try to minimize risks by undertaking stringent verification and credit underwriting process. In case of any default, we do regular follow-up and soft recovery with the borrower. ...

• Will a lender have to pay tax on returns?

  Yes, we do not deduct any TDS on the returns accumulated by you. Hence you will have to pay taxes while filling for your returns.

• 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 I pre-pay my loan? Is there any additional fee/charge?

  Yes, you can make pre-payment or pre-close your loan anytime. At 5paisa, we do not charge any fee for pre-payment or pre-closure.

• 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 ...