What documents are required to become an online personal loan lender?
You need to fulfill the following eligibility criteria to become a lender
- PAN card
- Aadhaar Card
- Cancelled cheque
How to take loan from 5paisa P2P?
You can take a personal loan in just four simple steps. They are as follows: Register online and create an account Upload required documents Accept loan agreement Loan gets disbursed in your bank account
Why to take personal loan from 5paisa P2P?
5paisa P2P is RBI certified NBFC-P2P which offers personal loans at low-interest rates to borrowers. We offer a completely online process with paperless documentation and fast disbursement.
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 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
Who are the lenders for my loan?
You will be funded by multiple lenders; each lender will fund a part of your loan at the interest rate as per your loan eligibility. For example, if your loan amount is Rs50,000, 10 lenders will lend Rs5,000 each to complete your loan requirement. ...