Why use P2P Platform?
Peer-to-peer lending is a good alternative for borrowers who are not served by the institutional lenders (Banks, NBFC). Peer to Peer(P2P) lending connects individuals in need of credit with others who are willing to lend. You can register as a borrower after undergoing a verification process by furnishing relevant details.
Getting A Loan Has Never Been Easier
Avail Loans for upto 10 Lacs
No Collateral Required
Attractive interest rates based on your credit rating
Flexible Repayment Models & Schemes
Paperless Process. 100% Secure Digital Process
Who is Eligible for a Loan?
Lender may be any person (Individual/ Hindu undivided family (HUF) / partnership firm / company / body of individuals / society or any artificial body, whether incorporated or not)
Lender if individual must:
1. Be a resident of India and age not less than 18 years (for age proof – PAN card or Passport to be attached).
Lender in case of any other person including individual must:
2. Submit constitutional documents.
3. Have PAN.
4. Have identity proof (any of these): PAN / Aadhaar / Passport / Voter ID / Driving license.
5. Have an address proof (any of these): Passport / Voter ID / Bank statement / electricity bill (latest 3 months) / Aadhaar card.
6. Bank statement having IFSC code: Last 6 months.
7. Submit a declaration that the amount invested through the platform is not from the borrowed money.
8. Submit a declaration that the lender has not invested more than Rs. 50 lakhs across all P2P platforms.
9. Produce a certificate if invested more than Rs. 10 lakhs across P2P platforms from a practicing Chartered Accountant certifying minimum net worth of Rs. 50 lakhs.
10. Submit a declaration that the exposure to the single borrower at any point of time, across all P2Ps, shall be subject to a cap of Rs. 50,000/-.
Documents Required
Information provided by the applicant will be used strictly for official purposes, and IFPL safeguards client confidentiality. For further information, please read the IFPL Policy and Terms and Conditions mentioned on the website.
Identity Proof
- Offline Aadhaar card/Digi locker Aadhaar Card
- PAN Card
- Voter ID
- Passport
- Digitally Verifiable Document
Optionally PAN and CKYC number and verification with PAN and online Video.
Contact Details
- Post paid Mobile Number where OTP can be sent and is also linked to Digital Locker/Aadhaar card (linkage optional)
- Email address for sending documents & information
Address Proof
- Aadhar Card
- Bank Statement
- Electricity Bill
- Post- Paid Telephone Bill
Age Proof
- Aadhaar Card
- PAN Card