5Paisa P2P Limited (5Paisa P2P or the company) has received an in principle approval from RBI vide its letter dated 14 th August 2018, issued by the Reserve Bank of India under Section 45 IA of the Reserve Bank of India Act, 1934. Reserve Bank of India (RBI) does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by 5Paisa P2P. However, RBI does not provide any assurance or guarantee for repayment of the loans lent on this platform. RBI also does not accept any responsibility or guarantee about the financial soundness of the company or the correctness of any of the statements or representations made or the opinions expressed by the company and for repayment of deposits / discharge of liabilities by the company.
The information provided herein is only to assist and enable the Lender to make an informed decision. Any decision taken by the Lender on the basis of this information is the sole responsibility of the Lender and 5Paisa P2P shall not be held liable for any consequence arising therefrom. 5Paisa P2P only provides a virtual meeting of the Borrowers and the Lenders on its online platform. The decision to lend is entirely at the discretion of the Lender and 5Paisa P2P does not guarantee that the Borrowers will receive loans from the Lenders. 5Paisa merely acts as an intermediary who facilitates and assists the Lenders and the Borrowers registered on its website to make and receive loans and charges a service fee from the Lenders and the Borrowers for such assistance.