Peer to Peer Lending in 
Coimbatore

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Best P2P Loans in Coimbatore

Cashkumar offers short-term peer to peer loans in Coimbatore to borrowers meeting our eligibility criteria. The loans are sourced through individual lenders registered on our platform from across the country. A city under transformation, Coimbatore is now an established IT hub with many salaried professionals calling it home. Older commercial entities in the city also employ lakhs of people many of whom would require access to credit. Cashkumar offers short term loans for period between 3-12 months to salaried professionals.

P2P loans in Coimbatore are given for amounts ranging from 20K to 1 lakh and can be repaid in instalments. Lenders can invest funds starting from Rs. 5k per loan and earn good returns through interest payments and recoup part of the principal every month. Borrowers can use the loans for a variety of purposes from travel, wedding, home renovation, medical expenses to clearing credit card dues.

Most of the process is facilitated online from KYC checks to credit analysis and approval. Since the loan amounts are small, they are funded quickly making the process fast and efficient. Peer to peer lending in Coimbatore is becoming popular as lenders need not be from the city to fund a loan. Lenders in Coimbatore can also access and fund loans to borrowers from other cities across India. So, to get a quick P2P loan or invest excess funds Cashkumar provides a perfect solution to individuals in the city.

Register now on our platform to become a lender or a borrower for P2P finance in Coimbatore.

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Basic Documents Required for P2P Loan

  • Three passport size photographs
  • ID proof – Passport/voter ID/ Aadhar or drivers licence
  • Residence Proof – Passport/ Landline bill/ post paid mobile bill/ rental agreement or Bank Statement
  • Pan Card copy
  • Age Proof – Passport/ drivers licence/school certificate or Pan Card copy
  • Income Proof - Latest 3 months salary slips
  • Banking Statement - 6 months bank statements
  • Job Stability & Continuity – Offer Letter, Relieving Letter and Form 16
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Basic Eligibility Criteria for P2P Loans

  • Age of the applicant should be between 21-60 Years
  • Salaried individual with minimum income of Rs 20,000. Salary bracket would again depend on the city you live in and the company you work for. Eg. If you are in a Metro the salary requirement will be higher than non-metro and again if you are working in a top MNC the salary requirement would be lesser than one working with a startup.
  • Should be staying in the city for at least 1 Year
  • Total work experience should be at least 2 Years
  • You would require basic documentation such as your address proof, identity proof, latest bank statements etc
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