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Best P2P Loans in Hyderabad

A new method of financing is open to loan seekers in the city of pearls though peer to peer loans in Hyderabad. With a large professional base in the IT, pharma and other industries, the city has seen a demand for alternate finance options. These means like P2P loans are of great benefit to customers requiring small amounts for short periods with quick approval and disbursal rates.

Platforms offering peer to peer lending in Hyderabad are also a great option as a supplementary investment option for people with funds. Lenders can fund loan requests and earn interest on these with good returns. It formalizes the traditional lending system by involving all the checks and measures used by formal banking to increase trust.

Peer to peer loans from Cashkumar are a source of credit for small amounts extended over short periods to tide over immediate and urgent requirements. The needs can be varied from marriage or travel expenses to medical procedures or even debt consolidation. For instance if you require a small loan to pay off a credit card outstanding but do not want to keep the obligation for more than 3 months as you would be getting a bonus then. A peer to peer loan from Cashkumar can help you get the loan easily and quickly as well as provide you with zero pre-closure option at the end of 3 months.

So if you are a borrower in Hyderabad with a decent profile looking for an alternate loan option or a lender looking to out in excess funds then P2P loans provide a great option. Technology enables the transaction to keep things simple and shorten processing times.

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

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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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