Borrow money with
5paisa Loans

  • Loan starting at 10% pa
  • Disbursement within 24 hour

Why borrow?

Borrowing through a peer-to-peer lending platform is quick, hassle-free, collateral free and affordable.

Quick and hassle-free personal loan

It’s a 4-step application process, and requires minimal documents. The process is paperless with disbursement within 24 hours.

Secured and completely digitised process

Create passive monthly income with regular repayments from borrowers

Collateral free borrowing at affordable interest rates

Get unsecured loans up to 10 Lakhs with interest rates starting as low as 10%.

Save on charges

Lending on 5paisa loans offers an alternate investment to help you diversify your portfolio

Secured process

All your personal data is protected and confidential at all times.

Why Borrow on 5paisa Loans?

Here's why a personal loan through 5paisa Loans is the right choice for you

Getting loans are now easier than ever.

  • Fast disbursal owing to strong network of lenders

    Personal loans once listed are funded almost instantly by the strong base of lenders on the platform.

  • Higher flexibility with no pre-payment charges

    Pre-pay loan amount or pre-close your loan as and when you want to without worrying about any pre-closure charges.

  • Hassle free loan without any collateral requirement

    Our digital-friendly approach makes the entire process swift and agile. All the loan documents are collected online and processed in real time.

  • Credit evaluation process that goes beyond CIBIL score

    We use a very robust credit evaluation model which takes into account different parameters like open loans, repayment history, income in hand, amongst others.

Eligibility Criteria

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.

  • Resident of India
  • At least 21 years old
  • Monthly income of at least ₹ 18,000
  • Income proof documents
  • PAN card
  • Valid Id and Address proof
  • Valid Bank account

What are the documents required to register as borrower?

Borrowers are evaluated on various parameters and not just on the CIBIL score. Following documents are required to complete loan application.

List of documents required for salaried professional
  • PAN Card
  • Aadhaar Card
  • 3 months salary slip / ITR
  • 6 months bank statement
List of documents for self employed
  • PAN Card
  • Aadhaar Card
  • Last 2 years ITR
  • 6 months bank statement

How to Get Loan?

You can get your loan amount in just 4 steps. Once the process is complete, your loan amount is disbursed in less than 24 hours.

Borrowing Process

Easy and hassle free online personal loan application process

  • 1. Register and upload documents

    Create a borrower's account by filling in a simple online form and uploading copies of requisite documents.

  • 2. Evaluation of loan application

    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.

  • 3. Listing as active borrower

    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.

  • 4. Accept loan agreement

    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.

  • 5. Loan disbursed

    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.

Rates and Charges

Personal loans at competitive interest rates with pocket-friendly EMIs

Interest Rate

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.

Interest Rate
Fees & Charges
  • Registration fee

    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.

  • Processing fee

    A nominal processing fee starting from 2.5% of the loan amount is levied and gets automatically deducted from the loan amount before disbursal.

  • Prepayment charges

    Borrowers can easily pre-pay loans at their own convenience and as many times as they want to at no additional costs.

  • Late payment Fee

    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.

Fees & Charges

Know the Lender

Get instant personal loan online from registered lenders on 5paisa’s P2P lending platform

  • Verified lenders across country

    You get a chance to reaching out to thousands of verified investors spread across India through our P2P platform.

  • Multiple lenders offering instant personal loan

    Even lenders interest is secured as multiple lenders fund a borrower’s requirement.

  • Avail loan up to Rs 10 lakh

    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.

Know the Lender

Frequently Asked Questions

What is 5paisa P2P limited?

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.

Why to take personal loan from 5paisa P2P?

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.

How to take loan from 5paisa P2P?

You can take personal loan in just four simple steps. They are as follows:

  • Register online and create an account
  • Upload required documents
  • Accept loan agreement
  • Loan gets disbursed in your bank account
What is the eligibility requirement to take loan from 5paisa Loans?

The eligibility to become a borrower at 5paisa Loans is fairly simple and basic.

  • Resident of India
  • At least 21 years old
  • Monthly income of at least 18,000
  • Income proof
  • PAN Card
  • Valid Id and Address proof
  • Valid Bank account
What amount of personal loan can I take and what will be the tenure?

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.