NIFTY 50

All you need to know about peer-to-peer lending platforms

Updated : February 06, 2019 02:01 PM IST

The Reserve Bank of India (RBI) regulates P2P lending platforms to protect the interest of lenders and borrowers. In October 2017, RBI made it mandatory for all P2P companies existing to apply for a licence to continue as a P2P platform.
All new entrants had to get a provisional NBFC-P2P licence from RBI to start operations in this space. This has made sure that all operational P2P players are either regulated or are awaiting a licence from the regulator.
The key factors lenders must check while registering on P2P lending platforms are the credibility of P2P lending platforms, ease and simplicity of lending on the specific platform and check the defaulter rate on the website.
All you need to know about peer-to-peer lending platforms
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV