What happens in case I fail to pay my EMI on time?

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• 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 ...

• Can I choose my own EMI date?

  Yes, you can choose the EMI date as per your convenience. Please make sure that you have sufficient balance in your bank account 1 day prior to your EMI date to avoid any late fee.

• 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.

• 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.