5paisa Instant Personal Loan In India - The Preferred Lending Platform
5paisa Loans, a NBFC registered with RBI, has created an eco-system to bring together Individual lenders and borrowers on a common platform.
To join as a lender, you simply need to complete an online application, upload documents and add money. Lending serves as a great platform to diversify your investment portfolio and earn higher returns.
The borrowers on 5paisa Loans Platform are vetted thoroughly with respect to their credit history, financials and only creditworthy borrowers are available for lending to the Lending community.
5paisa P2P Limited is India's premium peer-to-peer lending platform for investors, which connects verified creditworthy borrowers and lenders. It is a subsidiary of 5paisa Capital Limited, India’s fastest growing online discount broking firm.
We offer customized loan products and alternate investment options where the lender earns above-average market return and the borrower gets a loan at a very competitive interest rate.
Give Loan – Lend Online and Invest
5paisa P2P India’s highly trusted peer to peer lending platform. We assure security and offer complete transparency. Here’s why you should lend through 5paisa P2P:
✔️ RBI certified NBFC
✔️ High returns on investment
✔️ Fixed monthly Income
✔️ Creditworthy borrowers
✔️ Completely online process
5paisa Loan Eligibility for giving a loan: Criteria to become a lender:
✔️ Resident of India
✔️ At least 18 years old
✔️ PAN card
✔️ Valid id and address proof
✔️ Valid bank account holder
Loan Procedure (How to lend?):
1. Registration – Create your account and register in 5 easy steps.
2. Verify - Simply fill in your personal and bank details
3. Add money to your escrow A/c
4. Upload your documents
5. Access your account
Lending Process at 5paisa Loans –
5paisa Loans provide simple and hassle-free lending process.
1. Register as a lender – Registration process is completely free at 5paisa. Create an ‘Investor Account’ by filling in a simple online form, along with uploading the required documents.
2. Transfer funds to your escrow account
3. Select borrower of your choice – Browse through list of active borrowers listed after a stringent credit underwriting process and their detailed profiles, choose the borrower available as per approved loan amount, interest rate, tenure.
4. Loan Disbursal – Once the loan agreement is accepted by the borrower,
5. Receive monthly repayments – as per the schedule mentioned in the loan agreement you will receive EMI for repayments directly into your bank account
6. Loan closure – Upon repayment of principle and interest is complete the loan is closed for that borrower
Take Loan – Apply for personal loan with 5paisa Loans!
5paisa P2P Limited offers:
✔️ Quick, Secured and completely online process
✔️ Collateral free borrowing at affordable interest rates
✔️ Minimal processing fee applicable
✔️ Foreclosure charges waived off
5paisa Eligibility for taking a loan: Criteria to become a borrower:
✔️ Resident of India
✔️ At least 21 years old
✔️ Monthly income of at least 18,000
✔️ Income proof
✔️ PAN Card
✔️ Valid Id and Address proof
✔️ Valid Bank account
Give Loan – Lend Online and Invest
5paisa P2P India’s highly trusted peer to peer lending platform. We assure security and offer complete transparency. Here’s why you should lend through 5paisa P2P:
✔️ RBI certified NBFC
✔️ High returns on investment
✔️ Fixed monthly Income
✔️ Creditworthy borrowers
✔️ Completely online process
5paisa Eligibility for giving a loan: Criteria to become a lender:
✔️ Resident of India
✔️ At least 18 years old
✔️ PAN card
✔️ Valid id and address proof
✔️ Valid bank account holder
5paisa Loan Procedure (How to lend?):
1. Registration – Create your account and register in 5 easy steps.
2. Verify - Simply fill in your personal and bank details
3. Add money to your escrow A/c
4. Upload your documents
5. Access your account
5paisa P2P Limited offers:
✔️ Quick, Secured and completely online process
✔️ Collateral free borrowing at affordable interest rates
✔️ Minimal processing fee applicable
✔️ Foreclosure charges waived off
5paisa Eligibility for taking a loan: Criteria to become a borrower:
✔️ Resident of India
✔️ At least 21 years old
✔️ Monthly income of at least 18,000
✔️ Income proof
✔️ PAN Card
✔️ Valid Id and Address proof
✔️ Valid Bank account
Loan Procedure (How to take a loan?):
1. Register online
2. Verify: Submit necessary documents online to get your identity and credibility verified.
3. Accept loan agreement: Easily find lenders as per your credit profile and accept the loan agreement to receive the desired amount of your personal loan.
4. Receive Loan in less than 24 hours.
Below mentioned are the list of acceptable documents:
For Lender:
✔️ Cancelled cheque
✔️ PAN card & Aadhaar card
For Borrower:
✔️ latest 3 months salary slip
✔️ latest 6 months bank statement reflecting income/ salary
✔️ PAN card & Aadhaar card
5paisa Loan Security & Privacy:
We at 5paisa P2P guarantee 100% transaction security and you may stay assured that all the information provided by you is kept confidential and not shared with any third party. Click here to know more about our security policy https://www.5paisaloans.com/privacy-policy
5paisa Loan Customer Support:
For any assistance, you can call us on +91 8976789767 or send an email to support@5paisaloans.com
For further details, visit our website - https://www.5paisaloans.com
APR Range: 12% - 36% p.a.
Minimum & Maximum Repayment Period: 3 months to 36 months
Processing Fees: in the range of 4.5%
Representative Example:
Loan Amount Rs.100,000, tenure chosen 12 months, APR – 12%, EMI – Rs.8,885, Interest – Rs.6,619, Total Amount Payable would be – Rs.106,619*. (This amount is variable*)
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