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Best P2P Loans in Vizag

A new concept in the world of finance and investment, peer to peer lending in Vizag is a form of community funding that connects people with money to people in need of money. Using technology and innovative credit algorithms, Cashkumar allows people to apply for loans and get them funded through multiple lenders pledging small amounts. These loans are given for a short period between 3-10 months and help loan seekers meet their requirements like clearing debts/dues, travel or pay expenses.

The process is quick and helps individuals get instant cash from Rs. 20,000 to Rs. 1,00,000 according to eligibility. Peer to peer loan in Vizag are helpful for people unable to get loans due to reasons like new to credit, unlisted company or small DBR issues. Loan application process is made simple and the decision is quickly confirmed to the borrower. Customers can also choose to end the loan after 3 months with zero pre-closure charges.

Lenders in Vizag have the facility to advance as low as Rs. 2,500 per loan to borrowers from across the country. Cashkumar undertakes proper credit analysis of a borrower in line with established best practices. Alternate data is also taken into consideration while approving a loan. Principal and interest are recovered as EMIs through auto debit of a borrower’s account. Short tenures as well as low investment per loan helps to hedge the risk of lenders.

Cashkumar is a technology company and the entire process is built for borrowers and lenders to have a hassle free experience. Documentation is minimal and our customer support ensures a quick turnaround for all customers. Peer to peer lending in Vizag is poised to take off providing investors and borrowers with a new opportunity to provide or seek credit.

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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