Peer to Peer
Lending in India

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Peer to Peer Lending in India

Peer to Peer lending in India or P2P lending in India is a new technology enabled mechanism that formalizes the entire process of private finance and lending.

What is Peer to Peer Lending?

Peer to Peer Lending in India is a concept which formalizes non-institutional lending between individuals. It is a platform for exchange between people who have money and people who need money in the form of a loan. People with excess funds can now extend a loan to borrowers anywhere across the country and earn returns on their funds in the form of interest.

This concept helps borrowers in need of money connect with lenders from across India to crowdfund their loans. The returns are attractive enough for lenders to invest small amounts of money across multiple borrowers. Borrower details are thoroughly checked by the P2P lending platform and a credit analysis presented to the lenders. P2P lending through online platforms started off as an idea in the US a decade back and is now gaining popularity in India.

Peer to Peer Lending aims to formalize this route by turning it into a valid investment option for any person with spare funds. It gives borrowers a way to fund their requirement for personal loans or business loans by opening a large P2P Lender group not confined just to their friends or peer group. Online peer to peer lending is a great alternative, if you have spare funds, to earn more than traditional investment options like Fixed Deposits, Mutual Funds etc with a little more risk.

P2P lending in India can occur in various forms including payday loan, quick loan and short-term loan. Any person with validated credentials can become a loan giver or loan taker. These form of loans are unsecured in nature and can be taken or given as a personal loan or a business loan. The P2P Lenders can be an individual and private finance provider who can fill details and become registered P2P Lenders on the platform. All loans attract a pre-agreed rate of interest between the borrower and P2P Lender. Cashkumar does not recommend or try to influence any decision of the borrower or P2P Lender neither will it handle any fund transfer as per the rules of the RBI.

Easy P2P Loans in India from multiple P2P Lenders

Get quick P2P Loan from multiple P2P Lenders in India who can fund your unsecured loan requirement by pooling money. These P2P Lenders are registered on our platform and they lend to borrowers who request for a loan via Cashkumar.

An alternative way to get your Loan

A complete tech-enabled platform which caters to a marketplace of borrowers and P2P Lenders and ushers a new era in the alternative lending eco-system in India

Basic Eligibility Criteria for P2P Loans

  • Age of the applicant should be between 21-60 Years
  • Salaried individual with minimum income of Rs 15,000. 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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Peer to Peer Loans in India

Since money came into being, there have always been people in need of it and people who had it.

People have thus lent money to those who require it by charging a rate of interest on the principal. Even now it is not uncommon for you to lend money to a friend or relative in need with or without charging an interest rate.

The way it works is very simple with borrowers and P2P Lenders registering on our platform with their details which are thoroughly verified by us. These details are visible to all and mandated by the authorities as standard procedure for extending loans. After registering, P2P Lenders are free to advance full or part of their funds to any number of borrowers on the platform at their discretion. Once a deal has been reached, we help you formalize it through signed documents and the money transfer takes place directly between the borrower and P2P Lender. The person who avails this personal loan, at a mutually agreed interest rate, will issue PDCs directly to the P2P Lender and ensure the money in his account. Any delays or defaults attract appropriate penalties on the loan taker.

If you are someone who needs to take a loan for personal or business purpose then a new option you can choose is online peer to peer lending. Your eligibility will be displayed to the potential P2P Lenders which includes your employment, personal, financial and credit history as well as a social score. One of the advantages you get as a borrower is the chance to get a better interest rate than what you would normally get from a bank. If your eligibility parameters are exemplary then P2P Lenders might bid among themselves to offer you the lowest interest rate. On the other hand, there is a chance here of getting a loan even if your traditional eligibility is not the best. P2P lending thus might be able to come to the rescue when traditional doors are closed.

To know more contact us and/or register on our platform to start the verification process to become a P2P Lender or borrower.

Customer Stories

Here are some stories of our customers with insights to help you make better financial decisions,

Individual Lenders to Raj's rescue

This is back in April 2016, Raj’s sister was on cloud nine as she had just got engaged to be married in May. Raj and family were all delighted but the one thing on their mind was how to arrange for the required finances. Raj decided to apply for a personal loan via a bank. Unfortunately, since he had delayed a CC payment in March for 2 days, the banks rejected his loan request. That is when he stumbled upon Cashkumar, where he realised a peer to peer lending option was available.

Since he worked in one of the better companies and had a good bank balance and a healthy credit score, he got a lovely offer from individual lenders for an 18% ROI. The good part in this option of peer to peer lending was that Raj got a pre closure option of 3 months by which he could apply to Cashkumar again for a loan from a Bank. The process was smooth where Raj submitted the required documents and the team came back with an offer which he accepted. Raj had 7 lenders funding his need of 1.5 Lakhs. The highlight was that the loan was disbursed before the committed time frame. This loan was a blessing in disguise as he did not have to approach relatives for money and the good part is we know that the marriage was a great success. We wish to help many more with this peer to peer lending option in India where RBI is now in cognisance of the need for such platforms.

Vikas Mirmira
Marketing Head, Cashkumar

How Peer to Peer Lending cleared my friend’s way to having a dream wedding

I have a friend who lives in Bangalore who is 32 years old and works in a tier II IT company.

He has experience of about 10 years in this job with a decent salary package. Infact he was recommended by his boss on linkedin as a great work and a asset to the company when he got an award for best employee some months back. He has been loyal to the company and has been working with them for the past 8 years since he switched from his first job for a few personal reasons.

Recently, my friend decided to get married to his long-time girlfriend. He decided to fund the entire wedding himself and not ask for funds from either set of parents. Obviously he wanted a stylish wedding and thus was looking at an expense of Rs. 3 lakh which he would have to fund somehow. So he decided to check for a personal loan through this website and see if he could get one at a good interest rate. We did the needful but found out that banks were not willing to lend him a loan despite his good credentials.

Upon exploring further we found that his CIBIL Score had taken a hit because of some monetary delinquencies he had from his younger days. He told us that he had run up a big credit card bill which he had defaulted on a couple of times but had settled in full later. This had affected his credit score leading to his loan request being declined. This was a major setback to his wedding plans and my friend was very disappointed.

We suggested he register as a borrower and seek a personal loan through the Peer to Peer or P2P method. As part of the process we took all his details and also conducted a social rating of his profile. While his credit score was still bad, a P2P Lender decided to extend a loan to him based on other factors like salary, company and social score which was very good due to his loyalty with the company and his good performance which garnered him an award and praise from his boss. The P2P Lender also extended a decent rate of interest which my friend was happy to pay.

Cashkumar facilitated the entire process and connected my friend to his P2P Lender. They signed the papers and the loan was directly disbursed to my friend by the P2P Lender. He had his dream wedding and is now paying back the loan through EMIs. Infact his marriage was a good omen as he also got a promotion and is now quite well off in job and life.

P2P loans can be a godsend for you too and a few small mistakes in your past life should not entirely cut you off from sources of credit. Register soon to be a borrower or P2P Lender.

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Cashkumar Peer to Peer Loan Reviews

Cashkumar Peer to Peer Loan is rated     4.8 / 5.0  by 22 users

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Thank you so much for your prompt follow ups and excellent customer service. Highly recommended!

Excellent response. very friedly people. Very quick and hassle free processing.

My experience with CashKumar was gud . I was declined thru many bank .. cashkumar took my case and they did proper evalution thts why many lenders ready to invest .. Rate of intrest is bit high but okie .. I m satisfied with services ..

Awesome is the word for Cashkumar, especially Trupti! I loved the way my request was handled and appreciate the transparency they maintain throughout the whole process. I think they deserve a worldwide recognition for doing such an amazing job.

Quick, Reliable and Effective. The process is seamless and I got my personal loan in a couple of days. Great follow-up process and customer friendly.Repayment options are very good with less/reasonable interest amount.

I had a very good experience. Trupthi was too good and humble to answer all the queries with all the patience :-). Dhiren was also also good and easily approachable. Overall excellent experience.

Hi...Rahul from Mumbai working as Quality Auditor in a reputed organisation. I was in need of money urgently but due to low civil score I could not get a loan from any bank. So one fine evening I was just searching on Google regarding loan without civil score. And I got a link of cashkumar, i filled my detailed and very next day i received a call from it. After some very friendly paperwork and verification I got my loan. Thanks to cashkumar... And a very special thanks to Trupti.... Very friendly and coperative...

Services that are provided by the Trupti Deshpande from Cashkumar are spontaneous. My personal loan that I applied with them got processed quickly I applied with the Cashkumar for the loan amount of 30 thousand.

Awesome service from Cashkumar. I easily received 25 k short term loan within 5-6 days. With minimum process. Great......Cashkumar. Go for it 100% without any doubt!

It was a great experience with Cashkumar. The transaction , communication , online application all was very clear and Hassel free. Liked the service.....


Cashkumar have helped me on time and they Delivered as they promised i received cash in 2 days as they had to go through Address verification. Thank you Cashkumar for helping me on time.

For all the trouble we go through with Banks out there, when we approach for a loan , this cash kumar team does a Hassle free transaction, understanding the needy and emergency situation with a perfect example for Customer Satisfaction.. Dhiren and team keep up the good work.. Shall definitely refer your brand to people in needy... Thank you Dhiren and team

It was a wonderful experience with the entire team of Cashkumar..extremely professional, very precise in their entire approach.Thank You

It's Perfect Platform, for Instant Loan Seeker. As Great Experience with Cashkumar. Loan Disbursed Smoothly. Flexibility of Loan Repayment. Supportive Staff's.

Easy to communicate, very friendly and supportive Team, you Guys are awesome.

It was good to deal with cash kumar, except that they require cheque for each lender all other process are fine.


Thanks for the appreciation and for using our service. Unfortunately the requirement of cheques is a necessary hurdle right now. It should not be a problem as soon as a few of our new initiatives are in place. Really appreciate the constructive feedback.

Cashkumar Team

Cashkumar Team has been incredibly fast and supportive in processing the P2P funding; valuing the fact that we must be going through some personal crisis to have applied for a loan… very rare to see a team which is very professional, yet so empathetic and customer-centric. My experience of loan disbursement has been excellent, and Dhiren Makhija (the co-founder of CashKumar) personally was always there to assist throughout the borrowing journey. I strongly recommend CashKumar to everyone for lending or borrowing needs.

Completely hassle free process. I recommend if any one looking for personal loan.

Heard about Peer to Peer Lending on Cashkumar. Got a good deal!

Just go for it!

Great experience and team is too good I request everyone to go with cashkumar. .looking forward to get much more experience ahead

Peer to Peer Loan by Cashkumar has been rated   4.8/5.0  by 22 users

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