P2P Short-term Business Funding
Loans to help Start-ups and Small Businesses Take Off
Get short-term loans quickly with fixed monthly EMIs
No prepayment penalties after 3 months
P2P Funding
P2P Short-term Business Funding
It helps small businesses and startups raise the required capital using P2P lending. Peer-to-Peer (P2P) lending is an innovative method of lending, where you eliminate the need for traditional financial institutions like banks, NBFC, etc. Traditionally, banks and other financial institutions provided funds to borrowers. In P2P, you can borrow directly from individual investors and lenders. we have an extensive network of lenders. We then match borrowers with the right lenders directly, eliminating the need for any middlemen after proper KYC and other due diligence. This allows you to enjoy lower interest rates, quick processing while ensuring that your loan gets approved quickly for the intended use.
Growing your business has never been so Easy
Documents Required
Pricing
Basic Loan
Minimum Gross Income 3 Lakhs- Must have proper address proof
- PAN Card
- Aadhar Card
Standard Loan
- Minimum Gross Income 5 Lakhs
- Must have proper address proof
- PAN Card
- Aadhar Card
- IT Return
Premium Loan
- Minimum Gross Income above 7 Lakhs
- Must have proper address proof
- PAN Card
- Aadhar Card
- IT Return
*The final interest rate and fees may vary depending on the borrower's risk profile and the platform's policies.
Procedure
Fill up the form
Complete the online application form with your business and personal details
Connect with lenders
We will connect your application with our network of verified lenders
Negotiate best rate
We will negotiate the best interest rate and terms for your loan
Loan approval received
Once approved, funds will be disbursed to your account after processing
FAQ's
1. What is the loan amount that I can avail?
Loan amount starting from Rs/- 10000 to Rs/-10 Lakhs can be obtained using P2P funding platform
2. Can I repay my business loan early?
Yes Prepayment of Loan is allowed without any prepayment penalty after 3 months, even in case you want to pre-pay before 3 months still you need to pay interest for 3 month
3. How long does it take to receive the funds?
It depends case-to-case basis however on an average it takes 5- 15 days to complete the process.
4. Is the interest rate fixed for the entire duration of the loan?
Generally yes, however in extreme condition or in case of EMI default lender can ask to revise the interest rate. Any way you have option to prepay the loan and exit
5. I have a poor CIBIL score. Can I apply for a loan?
Yes, You can apply and can get loan as well, however interest rate may be higher.
6. Do I need to submit collateral to secure the loan?
No P2P loan are short term and collateral free loans, However in sum case lender may ask for a primary or secondary collateral if loan amount is high and your profile is risky.
7. What is complete procedure for loan approval?
Fill the Online Application. Some documents such as IT returns and Provisional Profit & Loss A/c are not there we can help you to prepare it for a charge. Your due diligence and risk appraisal is done and your profile is sent to lenders. Interested lenders send thier approval with interest rate for loan. We share details with you. Once you agree we do required legal procedure and agreements. Your Loan amount less processing fees is credited to your A/C.