Borrowing through a peer-to-peer lending platform is quick, hassle-free, collateral free and affordable.
It’s a 4-step application process, and requires minimal documents. The process is paperless with disbursement within 24 hours.
Create passive monthly income with regular repayments from borrowers
Get unsecured loans up to 10 Lakhs with interest rates starting as low as 10%.
Lending on 5paisa loans offers an alternate investment to help you diversify your portfolio
All your personal data is protected and confidential at all times.
Here's why a personal loan through 5paisa Loans is the right choice for you
Getting loans are now easier than ever.
Personal loans once listed are funded almost instantly by the strong base of lenders on the platform.
Pre-pay loan amount or pre-close your loan as and when you want to without worrying about any pre-closure charges.
Our digital-friendly approach makes the entire process swift and agile. All the loan documents are collected online and processed in real time.
We use a very robust credit evaluation model which takes into account different parameters like open loans, repayment history, income in hand, amongst others.
Avail instant personal loan through our best-in-class lending platform. All you need to do is
enter few details and check your loan eligibility. Our criteria for eligibility is fairly simple.
Borrowers are evaluated on various parameters and not just on the CIBIL score. Following documents are required to complete loan application.
Easy and hassle free online personal loan application process
Create a borrower's account by filling in a simple online form and uploading copies of requisite documents.
Your details along with the documents are verified by our in-house team. Our evaluation parameters include credit score, open loans and income in hand amongst others.
Post successful credit evaluation, borrowers are listed on our platform along with their creditworthiness details in terms of approved loan amount, applicable EMI and interest rate.
Borrowers can accept the loan online by signing a legally-binding agreement between the borrower and the lenders. You can choose the EMI date as per your convenience.
We take less than 24hrs to process your loan application, and once approved, the loan amount is deposited in your bank account the same day.
Personal loans at competitive interest rates with pocket-friendly EMIs
5paisa P2P Limited offers easy loans at the interest rate appropriate to the creditworthiness of the borrowers. The interest rate starts from 10% on our platform.
The borrower has to pay a fixed registration fee of Rs 300 to apply for personal loan. Registrations fee is a one-time fee paid by the user and it is non-refundable.
A nominal processing fee starting from 2.5% of the loan amount is levied and gets automatically deducted from the loan amount before disbursal.
Borrowers can easily pre-pay loans at their own convenience and as many times as they want to at no additional costs.
Borrowers should ensure paying all EMI’s on time to avoid any late fee. If you fail to pay EMI on time, a late fee of 24% per annum will be charged on the EMI amount.
Get instant personal loan online from registered lenders on 5paisa’s P2P lending platform
You get a chance to reaching out to thousands of verified investors spread across India through our P2P platform.
Even lenders interest is secured as multiple lenders fund a borrower’s requirement.
Borrowers can avail loan up to Rs 10 lakh from multiple lenders depending on their credibility for a loan tenure ranging from 6 months to 36 months.
5paisa P2P Limited is India's premier peer to peer lending sites for investors which connects verified creditworthy borrowers and lenders. 5paisa P2P provides customized loan products and alternate investment option where the borrower gets a loan at a very competitive interest rate and lender earns above average market return on the investment.
5paisa P2P is RBI certified NBFC-P2P which offers personal loans at low interest rate to borrowers. We offer complete online process with paperless documentation and fast disbursement.
You can take personal loan in just four simple steps. They are as follows:
The eligibility to become a borrower at 5paisa Loans is fairly simple and basic.
You can avail loan starting from Rs 30,000 to Rs 10,00,000 depending on your eligibility. Loan tenure starts from 6 months and can go up to 36 months.