• SENSEX
    NIFTY 50
Economy

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

You May Also Like

Live TV
Advertisement