Peer to Peer Lending (P2P): -

Peer-to-peer (P2P) lending enables individuals to obtain loans directly from other individuals, cutting out the financial institution as the middleman. P2P lending is also known as social lending or crowd lending.

Eligibility Criteria for Peer to Peer Lending Registration

• Should be incorporated in India
• Has necessary technological, entrepreneurial and managerial resources
• Has adequate capital structure to carry the business
• Directors are fit and proper
• Has a plan submitted/implemented for efficient Information Technology System
• Submitted viable business plan
• Serve Public Interest by the grant of CoR


FAQ about p2p lending:

What is P2P Lending and how it works?
Peer to peer lending is a method of lending capital to borrowers on a mutually-agreed interest rate through an online platform which acts as a marketplace.
P2P platforms verify each and every borrower at the time of registration, either as an investor or borrower. This ensures that the information that you see online about each member is verified to the best of their capabilities.


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