Obtain Your P2P Lending License in India

P2P lending, also known as peer-to-peer lending, is an online channel that bridges the gap between potential borrowers and lenders. It amplifies credit availability and gets rid of unnecessary paperwork or steps, ensuring prompt and hassle-free credit for borrowers. What makes the P2P platform stand out is the availability of numerous certified lenders. This enables time-saving for credit-seekers who need funds urgently and promptly. 

The P2P platform is disruptive since it mitigates the requirement of approaching traditional banks, which typically takes weeks or even months to process the credit request owing to rigorous vetting procedures.  Although P2P lending is more or less seamless and transparent,  it still needs to fill some gaps like preventing lenders from fraudulent borrowers. 

Some frontline benefits of P2P lending include faster processing time, access to a variety of lenders, a straightforward application process, and in-depth risk assessments. 

1. Understanding the Notion of Peer-to-peer (P2P) Lending

Peer-to-peer lending comprises three parties:  a lender,  the borrower,  and the P2P platform. Post registering on the portal, borrowers and lenders can conduct a search to find a suitable match,  typically based on funding requirements and risk appetite. 

The P2P platform connects potential borrowers with lenders- an intermediary that facilitates the borrowing and repayment process.  The portal enables lenders to track their investments and keep track of repayment activities.

The borrowers have access to multiple repayment options based on the income threshold and other attributes.  The availability of collateral-free loans is another remarkable feature of this revolutionary platform. 

2. How P2P Lending Works for Investors? 

Investors or lenders have a variety of options to choose from when it comes to finding suitable lenders. To ease the blow,  the platform enables borrowers to narrow their options based on their risk appetite. Likewise, P2P platforms reveal borrowers’ credit history, which helps lenders to make informed and risk-free decisions.

Investors can ensure risk diversification by lending funds to multiple credit-seekers, reinforcing multiple streams of repayment income boasting the principal amount and interest. The withdrawal is as seamless as using any digital payment application. The platform ensures seamless administration of investments, ensuring a hassle-free experience for onboard users. 

3. How Adviso Can Secure P2P Lending License?

Adviso is a proactive agency helmed by professionals having years of experience in RBI licensing and regulatory regime. With our top-tier support, you can avoid the hassle of delving into endless compliances for devising paperwork. Our experts are extremely good at picking pain points and patching them in no time, getting clients ready for upcoming challenges. Call Adviso today if securing a P2P lending license in no go is your goal.