Ambulance Services  -  Blood Supply and Donation  -  Flyers Carry Goods for Others  -  Funeral Service and Obituaries  -  Helplines for Counselling n Info  -  Instant Care for Accident Victim  -  LegalAid to People n Undertrial  -  Quit Smoking n Using Tobacco  -  Reminder Services  -  RTE Admissions Assistance  -  RTI Filing Assistance  -  Traffic Alerts by SMS  -  Write Will to Distribute Assets  -  Career in TV Film Media Music  -  Career with Merchant Navy   -  Embark on a Banking Career  -  Seek Work in Temp Staffing  -  Top Companies for BPO Jobs  -  Train to be Preschool Teacher  -  Work on a Cruise Ship   -  Affordable Healthcare for Needy  -  Donate Hair for Cancer Patients  -  Donate Items for Processing  -  Donate Leftover Excess Food  -  Donate Multiple Items Things  -  Donate New Sanitary Pads  -  Donate to Community Fridges  -  Donate Used Books   -  Donate Used Clothes for Needy  -  Donate Used Computers   -  Donate Used or New Bicycle   -  Donate Used Textbooks  -  Donate Used Toys   -  Feeding Food to Poor n Needy  -  Free Hugs Campaign  -  Help for Poor Cancer Patients  -  Help Homeless and Destitute   -  Helping Trafficked Women Kids  -  Home Loans for Low Earners  -  Job for Disabled Handicapped  -  Locating Missing Kids Persons  -  Mentoring Educating Poor Kids  -  Palliative Hospice for Incurable  -  Support Groups for Patients  -  Approach Consumer Court  -  Approach Govt With Grievance  -  Beware of CellTower Radiation  -  Ensuring Voting by Voters  -  Online Petition Campaigns  -  Performance of Your MP MLA  -  Public Interest Litigation PIL  -  Solving Consumer Complaints  -  Tackle Bribe Taking Corruption  -  Buy Directly From Farmers  -  Dispose or Recycle Waste  -  Fighting Noise Pollution  -  Grow Veggies Herbs at Home  -  Incentive for Electric Car Bike  -  Innovations for Villagers n Poor  -  Live n Work in Green Buildings  -  Plant or Donate Tree Saplings  -  Rent Rooftop Get Solar Power  -  Used Goods Marketplaces  -  Parkour and Freerunning  -  Tabata High Intensity Workout  -  Tower Running  -  Walking for Fitness  -  Chef Cooks at Your Home   -  Eat at Home of Home Chefs  -  Eat from Food Trucks Vans  -  Meal by Chefs Home Delivered  -  Order Fresh Meat Fish Online  -  Organic Food a Healthy Choice  -  Ready to Cook Recipe Kits   -  Store for Healthy Food Snacks  -  Bungee Jumping  -  Helicopter Joyrides  -  Hot Air Ballooning  -  Kitesurfing  -  Obstacle Endurance Racing  -  Paragliding  -  Skydiving  -  Virtual Flying in Simulator  -  Hash House Harriers  -  Laughter Clubs  -  Meetup Groups  -  Neighbourhood Networks  -  Networks of Doctors   -  Professional Networks  -  Air Ambulance Services   -  Buy Medicines Online  -  Cardiac Stent Details and Cost  -  eCounselling by Psychiatrists  -  Emergency Medical Loan  -  Expert Cancer Opinion Online  -  Fight Cancer by Dendritic Cells  -  Go in for Cancer Screening   -  Holistic Wellness Yoga Retreat  -  Home Medicare and Nursing  -  Map Genes to Prevent Disease  -  Probiotic Yoghurt for Digestion  -  Undergo Dialysis at Home  -  Analyse n Improve Handwriting   -  Apps for Dating n Relationship  -  Build a Good Credit Score  -  Choose eFiling of Tax Returns  -  Create Your Free Website  -  Family Tree and Family History  -  Find Your Personality Type  -  Get Your Aadhaar Card  -  GiftRegistry for Wedding n Event  -  Hostel for Youth Ladies Tourist  -  Joining Happiness Movements  -  Stocks for Flat Fixed Brokerage  -  Your Photo on a Postal Stamp  -  Activity Box and DIY Kit for Kid  -  Child Day Care Centres  -  Curb Web n App Use by Child  -  Healthy Meal Tiffins for Kids  -  Improve Handwriting of Kids  -  Kids Play Game n Learn Typing  -  Network for Parents n Mothers  -  Store Cord Blood of Newborn  -  Tablet Computers for Kids  -  Take Toys on Rent  -  Discover Bonsai  -  Experiential Learning  -  Fruit and Vegetable Carving  -  Kalaripayattu Martial Art  -  Learn Indian n Foreign Language  -  Learn Music and Singing  -  Learn Origami  -  Learn Western n Indian Dance   -  Neuro Linguistic Programming  -  Study Calligraphy  -  Train in Floral Art   -  Artistic Portrait from Photo  -  Collecting Affordable Art  -  Comic Satire on Videos n Web  -  Discover Things to Do in City  -  Long Weekend Holidays 2017  -  Made to Order Bespoke Shoes  -  Rent Dress Bag Furniture Bike  -  Rent Games Gadgets for Party  -  Share Restaurant Table  -  Suit Bespoke Made to Measure  -  Supper Club and PopUp Event  -  Tickets for Events Movies Plays  -  Assistance for Seniors at Home  -  Day Care Centre for the Elderly  -  Home Healthcare for Elderly  -  Jobs for Seniors and Elderly  -  Livein Companions for Seniors  -  Retirement Homes for Seniors  -  Reverse Mortgage Loan  -  Seniors Learn Email Chat Web  -  Agro Services to Farmers  -  Beauty and Wellness Salons  -  Beauty Services at Your Home  -  Book Bus Tickets Online  -  Handyman Services at Home  -  Hire Maid Cook Driver etc  -  Hire Self Drive Rental Car  -  Marriage Matchmakers Brokers  -  Online Puja n Offline Pandit   -  Private Detective Agencies  -  Repair Automatic Swiss Watch  -  Repair of Luxury Shoes Bags  -  Stitching and Altering Clothes  -  Washing and Laundry Services  -  Wedding Marriage Planners   -  Buy Furniture n Decor Online  -  Buy Only Hallmarked Jewellery  -  Buy Refurbished Unboxed Item  -  Buy Sell Preowned Dress etc  -  Compare Prices Before Buying  -  Gifts Discounts on Loyalty Card  -  Handicrafts by Indian Craftsmen   -  Test Your Diamond Jewellery  -  Unique Offline n Online Market  -  Become a Mystery Shopper  -  Biz to Biz Marketplaces B2B  -  Build App for Event n Business  -  Coworking Space for Startups  -  Earn from Designs n Photos  -  Investors for Funding Startups   -  Loans for Small Business SME  -  Makerspaces to Build Products  -  Multi Level Marketing MLM  -  Participate in Crowd Funding  -  Peer to Peer Lending P2P  -  Tech for Retailers Kiranashops  -  Cycling Mobiking Tour Abroad  -  Drive Abroad with IndiaLicense  -  Dry Your Food to Take on Tour  -  Find a Travel Companion  -  Govt Resorts for Budget Stay  -  Short Time Microstay in Hotels  -  Tips and Advice by Travellers  -  Treetop Hideaways in India  -  Walking Tours in Indian Cities  -  Aiding Women Entrepreneurs  -  Independent Biz for Women  -  Second Careers for Women  -  Tools for Safety of Women  -  Wing Chun Martial Art for Lady  -  Women Learn Self Defence   -  Women Only Group Tours  -  Campus Hiring and Placement  -  Info on All Colleges in India  -  Jigyasa Science Quiz  -  Rent or Sell Used Textbooks  -  Scholarships Loans for Students  -  Study Abroad? Learn Cooking  -  University and School Rankings   -  

Peer to Peer Lending P2P

Peer-to-peer lending has no intermediaries…

In P2P lending an individual lends money to another individual, without the help of a traditional financial intermediaries like Banks, under mutually agreed terms. In online P2P platforms an individual seeking a loan fills-in details and this request is matched with lenders possessing required funds. In essence, lenders get better returns and borrowers better rates.

If you have funds to spare and wish to earn higher returns than traditional investment options like fixed deposits or debt mutual funds, you may consider this route to park a part of your funds. Borrowers too will find this route a little flexible as compared to Banks who prefer to grant personal loans to applicants having higher incomes and/or are employed in large companies.

During October 2017, Reserve Bank of India (RBI) mandated that lenders can lend up to a total limit of Rs 10 Lakhs and similarly borrowers can borrow to a mximum extent of Rs 10 Lakhs on peer-to-peer platforms. Also P2P platforms on their own minimize the risk for investors by exhaustively verifying the credit-worthiness and eligibility of intending borrowers and displaying the information on the website, so that investors can take an informed decision based on their risk appetite. Obviously, the better the credit-worthiness the lower will be the interest rate and vice-versa.

Lending and borrowing on a peer-to-peer loan platform…

Every P2P platform has its own criteria for lenders and borrowers in respect of eligibility, minimum and maximum amounts, tenures etc. To begin with, they need to register on the websites by providing all required information. Anyone who is an Indian citizen and possesses a PAN card can become a lender. The lender’s profile is listed once the portal verifies it.

Borrowers must be Indian citizens with a PAN card and would be salaried employees, professionals or self-employed. The P2P platform lists the profile of borrowers after due verification of their personal, professional and financial details as well as credit history. The loan is processed after manual and/or algorithmic due-diligence and interest rate is based on the credit-worthiness of the borrower.

Investors can make offers (amount of loan, tenure and interest) to one or more listed borrowers and similarly borrowers can make offers to multiple lenders. Either side can accept or reject or negotiate offers. Once an offer is accepted by both sides, a contract is signed and loan is disbursed. The online platform’s fees are payable at this stage. The loan is repaid through EMIs via instruments like post-dated cheques, ECS etc. Non-payment on due dates invites penalties.

Bangalore

Billionloans

#370, 4th Cross, J P Nagar 3rd Phase, Bangalore 560078

080-2658 5620

www.billionloans.com

Bangalore

LoanMeet

Personal loans upto Rs 25 Lakhs for a loan period of 3 months to 2 years.

072593 55400

www.loanmeet.com

Bangalore

MicroGraam

This is a peer-to-peer lending platform that enables rural entrepreneurs to access loans from socially minded investors. Rural Indians thus can receive affordable micro-loans.

63/A, 40th Cross, 7th Main, 5th Block, Jayanagar, Bangalore 560041

080-2663 5620

www.micrograam.com

Chennai

Monexo

Absul Rafar Building, 15/7 Basha Street, Choolaimedu, Chennai 600094

90430 66699

www.monexo.co

Delhi-NCR

Faircent

Minimum and maximum loan amounts are Rs 30,000 and Rs 5 Lakhs respectively for personal loan and upto Rs 25 Lakhs for business loan. Tenure of any loan can be one of the following: 6 or 12 or 18 or 24 or 36 months.

0124-322 9841, 0124-406 0044

www.faircent.com

Delhi-NCR

i2ifunding

Loan amount Rs 5,000 to Rs 5 Lakhs and tenure can range from 3 months to 48 months. Based on risk category 1.5% to 4% fees are payable by borrower to the portal.

097174 20307

www.i2ifunding.com

Delhi-NCR

IndiaLends

Loans of Rs. 50,000 up to Rs.25 Lacs for a period of 1 to 5 years.

011-3959 5126

indialends.com

Delhi-NCR

KlickStart

Loans in the range of Rs 25,000 to Rs 50 Lakhs and tenures of 1 month to 60 months. Option of both secured & unsecured loans.

011-4053 4053

www.klickstart.com

Delhi-NCR

Lendbox

Avail loans of Rs. 25,000 to Rs. 5,00,000 for periods of 6 months to 36 months. Lenders need to pay 1% of lent amount or Rs 1,500 whichever is higher.

1800-3000-7178, Whatsapp: 098115 34578

www.lendbox.in

Delhi-NCR

Rupaiya Exchange

Lajpat Nagar, New Delhi

Mayank

011-4131 5585

www.rupaiyaexchange.com

Hyderabad

i-lend

Loans from Rs 25,000 to Rs 5 Lakhs with tenures of 6 months to 36 months. EMIs are payable on 7th of every month. Charges payable to portal are 3% and 1.5% by borrower and lender respectively.

040-4012 6765

www.i-lend.in

Hyderabad

Peerlend

101, Plot No A-24, Zareena Plaza, Journalist Colony, Road No 70, Jubilee Hills, Hyderabad

www.peerlend.in

Mumbai

LenDen Club

Minimum lending amount is Rs 5,000 whereas there is no upper limit. Loan tenure can be anywhere between 6 months to 60 months. They have a Lender Protection Fund (LPF) that protects the lender’s principal amount.

070458 50594

www.lendenclub.com