Will a lender have to pay tax on returns?

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

  You can lend to borrowers starting from 12% upto 36% as per your risk appetite and borrowers’ creditworthiness. Your returns will be equal to the interest rate of the borrower. The only fee applicable is the processing fee charged at 1.5% of the ...

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

  We suggest all our borrowers to ensure paying all EMI’s on time to avoid any late fee. However, if you fail to pay EMI on time, there will be a late fee of 24% per annum on the EMI amount.

• 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.

• 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 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.