EARN 20% GUARANTEED INTEREST VIA P2P
What is Peer to Peer (P2P) lending?›
Peer to peer
(P2P) lending platform is a marketplace that connects individuals in need for
credit with individuals and institutions willing to lend.
Who can lend on a P2P platform?›
Any Indian
resident, above 18 years of age, with a valid bank account and PAN can lend on
the platform. Any non-banking financial company listed by RBI or companies
formed under the Indian Companies Act can also apply as lenders.
How does P2P lending benefit lenders?›
P2P lending
helps lenders earn interest on the idle money which otherwise would not earn
anything.
Can a lender become an investor through P2P lending?›
To become an
investor, you can sign up and fill in the basic details about yourself and pay
the registration fees through debit/credit card, net banking, etc. Your
registration will be verified within 12-24 hrs. Once approved, you can log on
to your account online and start lending.
What’s the maximum amount and duration for lending?›
One can start
with a minimum amount of Rs 750 per loan. Borrowers are registered for a period
between 6 and 36 months. You can choose the borrower according to the loan
duration suitable to you.
Why should lenders pay a fee to invest their own
money?›
The registration
fee is used to process and verify the documents received. It is typcially
adjusted towards the legal agreement and documentation done with the borrowers
before disbursing the loan.
What is the expected rate of return?›
Lenders can
expect returns in the range of 12-28 percent
Can I control the returns from my investment?›
You can control
the returns by spreading the investment across borrowers at different loan
amounts and rate of interest.
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