What We Do
LOANGINI CREDIT RATING*
WHAT PEOPLE SAY
"It is a heartening to see RBI recognize P2P lending as a legitimate asset class. I have funded over 33 borrowers in last one year. The returns are better than many mutual fund schemes".
"Amit needed money for his father’s heart surgery. Banks refused to lend . That is when he borrowed on P2P lending platform ."
“I tried traditional investment options like recurring deposits that gave an interest of about 7 percent,” she said. Compare that with the average interest of 22 % she earns on the platform."
How It Works
Borrower provides information on amount of loan required, purpose of loan, phone number, email address, financial details like salary drawn, bank statement to register.
approval & listing
Basis e- KYC, the Borrower is approved by LoanGini. The Lender is auto- matched / manually matched to the Borrower. Post physical verification, the contract gets signed between the Borrower & Lender.
The loan gets disbursed via an Escrow account to the Borrower's account.
Per NACH instructions, the instalments of part principal and interest reaches the Lender's account.