India's RBI Certified P2P Lending Platform ~ IndiaP2P (2024)

FAQs

Is India P2P RBI approved? ›

P2P lending is regulated by the Reserve Bank of India. Do I need to pay tax on my earnings? Yes, all earnings are subject to taxation.

IndiaP2P is a platform that allows you to invest in mutual funds and other financial instruments. You can choose from our plans which meets your requirement, The minimum investment amount for our product starts at Rs 5000 and goes up to Rs 50 lakhs (or one year).

In P2P pending, the risk is that some borrowers may not be able to repay the loan. However, RBI has set guidelines for P2P NBFCs to minimise such risks. P2P lending is riskier than FD (the reason for higher returns).

Sharing work or media through a peer-to-peer (P2P) network is legal if you own the copyright, thus you own the right to determine if and how that work is distributed. For example, you can write and produce an original song and make it available for others to download for free through a P2P file sharing program.

Thankfully, unlike chit funds, P2P players were not targeting all and sundry. High net-worth individuals, and those with a propensity for risk and an appetite for investment products beyond the plain-vanilla options were the potential investors. This is where the model failed.

while with innovation often comes a shroud of uncertainty. Is P2P lending legal in India? The answer is a resounding yes, but with a crucial caveat: it's a legal avenue strictly regulated by the Reserve Bank of India (RBI).

The RBI has also introduced stricter regulations regarding the amount that individual lenders can lend through P2P platforms. As per the updated guidelines, the cumulative lending limit for individual lenders across all P2P platforms has been capped at Rs 50 lakh.

Is Peer-to-Peer Lending (P2P) Safe? Peer-to-peer lending is riskier than keeping your money in the bank, but the interest rates are often much higher. This is because people who invest on peer-to-peer lending sites assume most of the risk, without the backing of a bank or the Federal Deposit Insurance Corporation.

P2P (peer to peer) investments enable you to lend directly to eligible borrowers, cutting out the middleman, like banks or traditional NBFCs. P2P NBFCs like Lendbox provide a marketplace where eligible borrowers and willing lenders can transact.

For immediate assistance, you can reach our customer support at 022 65027681 from 10 AM to 5:30 PM, Monday to Friday (except holidays). 2. Complaints/suggestions received via other media such as social media channels will also be supported via the same process.

How does peer to peer lending work? ›

Peer-to-peer lending (P2P) is a way for people to lend money to individuals or businesses. You – as the lender – receive interest and you get your money back when the loan is repaid.

Potential Defaults – As you may have observed above, the vast majority of P2P loans are unsecured. This means they have no collateral backing them. Further, these are loans to individuals. Your investment will evaporate if a borrower defaults, especially if it's early in the term of the loan.

P2P lending regulated in India is regulated by the Reserve Bank of India. Under the P2P lending, investors accrue interest on the sums they lend. Analogous to interest accrued from other financial instruments such as Fixed Deposits (FDs), the interest income derived from P2P lending is subject to taxation.

LenDenClub is India's largest Peer to Peer lending platform which started operations in India in 2015. We have been helping lenders diversify their portfolio beyond traditional investment instruments ever since.

Both resident and non-resident Indians meeting the age requirement (18 years or above) can invest in P2P lending platforms. Residents need a PAN, Aadhaar, and an active bank account, while NRIs require a PAN, passport, NRO account, and proof of overseas address.

The UPI transaction limit per day is Rs.1 lakh as per NPCI. However, the limit is Rs.2 lakh for transactions related to capital markets, insurance, collections and foreign inward remittances. The UPI limit is Rs.5 lakh for the following transactions: Tax payments.

P2P lending platforms are regulated by the Reserve Bank of India (RBI) to ensure that they operate in a safe and transparent manner.