Lowest in the industry
Collateral-free loans starting at 8%
- Access personal loans starting at 8%, with rates based on your profile and repayment capacity.
500+
Loans fulfilled.
₹17,38,000
disbursed till now.
Get collateral-free loans with fair & transparent rates starting from 8%.
Before you take a loan, here’s why borrowers choose us.
Flexible loan amounts and tenure
- Flexible loan amounts from ₹10,000 to ₹3 lakh with repayment tenures ranging from 2 to 24 months.
Transparent from day one
- No hidden fees. No unexpected charges. Every cost is clearly explained before your loan is approved.
Start borrowing in 3 simple steps.Start borrowing in 3 steps.
Living in India
At least 18 years old
Indian Bank account
Mandatory registration requirements *
1
Create account
Just some basic info about you.
2
KYC Verification
Just some basic info about you.
3
Bank Verification
To start lending money.
1
2
3
Create account
Just some basic info about you.
Comparison between loan companies.
Comparing P2P and other loan products.
Banks
NBFCs
Other P2Ps
ELIGIBILITY AND ACCESS
Credit score
Holistic review
Profile + history
750+ mandatory
Strict, high rejections
650+ accepted
More flexible
600+ typically
Varies by Platform
Loan Range
₹10k - 10 Lacs
Credit score
₹10k - 50 Lacs
Credit score
₹5k - 55 Lacs
Credit score
₹500 - ₹10 Lacs
Credit score
100% Online
~
RATES AND COSTS
Interest rate
Competitive rates
Credit score
10% to 24% p.a
Credit score
14% to 36% p.a
Credit score
12% to 30% p.a
Credit score
Processing fee
Flat ₹199 + GST
Disclosed upfront
1-3% of loan
+GST, non-refundable
1-3.9% of loan
Deducted upfront
600+ typically
Platform dependent
Hidden charges
Zero
Full KFS before sign-off
Common
Stamp duty, admin fees
Frequent
Bundled insurance, etc.
Varies
Not always disclosed
SPEED AND PROCESS
Disbursal time
Within 24 hours
Often same day
3-7 days
Branch often required
24-48 hours
Mostly digital
2-5 days
Matching takes time
Documentation
Minimal
Digital KYC + E-sign
Heavy
Credit score
Moderate
Credit score
Moderate
Credit score
REPAYMENT
Foreclosure
0%
Clear, no surprises.
2%-4% penalty
After lock-in
2%-3.5% penalty
After lock-in
Varies widely
Platform specific
Cooling Period
3 days, no penalty
minimum 1 day
minimum 1 day
~
Some platforms
Flexible tenure
Flexible
Choose what suits you.
Rigid
Fixed options only
Moderate
Credit score
Limited
Short tenures mostly
For all your borrowing needs.
Superior customer support, always there for you.
No spam
prompt availability
Fees and ChargesFees and charges
Free
Registration
0%
fee charged in cooldown period
Only pay the disbursed amount.
₹199 + gst
Assessment fees
0%
Foreclosure fee
Lowest in the industry
Free
Registration
0%
fee charged in cooldown period
Only pay the disbursed amount.
₹199 + gst
Assessment fees
0%
Foreclosure fee
Lowest in the industry
Transparent repayment rules
Late EMI penalty
2% Daily charge
2% pro-rated charge on the overdue amount for each day past the due date.
₹500 overdue fee
An EMI overdue charge of ₹500 for each delayed payment.
EMI Cycle start dates
If disbursed on
1st - 20th
EMI begins on the 1st of the following month.
If disbursed on
21st - 31st
EMI begins on 1st of the month after next.
All Disclosed honestly.
Transparent repayment rules
Late EMI penalty
2% Daily charge
2% pro-rated charge on the overdue amount for each day past the due date.
₹500 overdue fee
An EMI overdue charge of ₹500 for each delayed payment.
EMI Cycle start dates
If disbursed on
1st - 20th
EMI begins on the 1st of the following month.
If disbursed on
21st - 31st
EMI begins on 1st of the month after next.
All Disclosed honestly.
Need help?
Here’s a list of a few common questions that might help. If you have any other questions, you can call, email or text us on Whatsapp.
What are the eligibility criteria to borrow from a P2P lending platform in India?
It depends on the specific P2P platform from which you are borrowing. At 1 Finance P2P, the online loan borrowing process is easy and transparent.
To borrow personal loans online from 1 Finance P2P, you must meet the following criteria:
1) Be at least 18 years old and a resident of India.
2) Have a valid bank account.
How much can I borrow and for how long on a P2P lending platform in India?
Loan Amount: You can take an online personal loan starting from ₹10,000 up to a maximum of ₹3 lakh. Loan Tenure: The platform offers a flexible repayment option, allowing you to choose loan tenures of up to 24 months.
What interest rate will I pay when borrowing through a 1 Finance P2P?
Depending on your profile, credit score, and payment history, the interest on a 1 Finance P2P online loan will be between 10% and 24% per annum.
From whom are you borrowing money?
You will be borrowing from multiple lenders, including MNIs, HNIs, and family offices familiar with alternative fixed-income products. These lenders are genuine and registered with 1 Finance P2P. Importantly, each lender contributes up to 5% of your total loan amount.
Can I repay my P2P loan early or close it before the tenure ends?
Yes, you can repay your loan early, either partially or in full. The prepayment charges will vary depending on the platform. When borrowing money from 1 Finance P2P, be sure to read the key fact sheet of your personal loan carefully to understand any applicable charges.
What happens if I miss or default on an EMI for my P2P loan?
If you fail to make payments on time, you will face penal charges, which may include:
- Late Payment Charge
- EMI Overdue Charge
- Legal Action
- Bounce Charges
All these charges will depend on the P2P platform from which you are borrowing. They may vary from one platform to another. Be sure to read the Key Fact Sheet carefully before taking a personal loan from a P2P lender.
Are P2P lending platforms safe for borrowers in India?
1 Finance P2P offers a fair, transparent borrowing process. You take loans from lenders, eliminating extra intermediary costs. All associated charges are clearly outlined in a transparent agreement before you start borrowing.
How do I choose the right P2P lending platform for my loan in India?
To choose the right platform, you should evaluate the following key features:
Competitive Rates: Look for competitive interest rates, typically in the range of 10% to 24% per annum.
Flexibility: Ensure the platform offers flexible loan amounts, ranging from smaller amounts such as ₹10,000 to larger amounts such as ₹3 lakh, and allows you to choose a comfortable repayment tenure.
Transparency: Verify that all fees are clearly displayed upfront with no hidden fees. This includes checking the costs for loan processing, onboarding, and any charges for prepayment.
Is there a period during which I can cancel the loan without penalty?
Yes, there is a cooling-off period during which you can cancel and exit the loan within 3 days from the date it was disbursed. To do this, you must repay the principal amount of the loan and processing fee, but you will not face any penalty. The exact length of the cooling-off period will depend on the platform from which you are borrowing.
Are there charges for prepaying the P2P personal loan?
Yes, you will have to pay 2% prepayment charges for both full and partial prepayment. Be sure to read the terms and conditions carefully before taking out a loan.
email us
care@1financep2p.com
For quick response to all your queries, reach out to us on WhatsApp.
Got any more questions?
Here’s a list of a few common questions that might help. If you have any other questions, you can call, email or text us on Whatsapp.
It depends on the specific P2P platform from which you are borrowing. At 1 Finance P2P, the online loan borrowing process is easy and transparent.
To borrow personal loans online from 1 Finance P2P, you must meet the following criteria:
1) Be at least 18 years old and a resident of India.
2) Have a valid bank account.
Loan Amount: You can take an online personal loan starting from ₹10,000 up to a maximum of ₹3 lakh. Loan Tenure: The platform offers a flexible repayment option, allowing you to choose loan tenures of up to 24 months.
Depending on your profile, credit score, and payment history, the interest on a 1 Finance P2P online loan will be between 10% and 24% per annum.
You will be borrowing from multiple lenders, including MNIs, HNIs, and family offices familiar with alternative fixed-income products. These lenders are genuine and registered with 1 Finance P2P. Importantly, each lender contributes up to 5% of your total loan amount.
Yes, you can repay your loan early, either partially or in full. The prepayment charges will vary depending on the platform. When borrowing money from 1 Finance P2P, be sure to read the key fact sheet of your personal loan carefully to understand any applicable charges.
If you fail to make payments on time, you will face penal charges, which may include:
- Late Payment Charge
- EMI Overdue Charge
- Legal Action
- Bounce Charges
All these charges will depend on the P2P platform from which you are borrowing. They may vary from one platform to another. Be sure to read the Key Fact Sheet carefully before taking a personal loan from a P2P lender.
1 Finance P2P offers a fair, transparent borrowing process. You take loans from lenders, eliminating extra intermediary costs. All associated charges are clearly outlined in a transparent agreement before you start borrowing.
To choose the right platform, you should evaluate the following key features:
Competitive Rates: Look for competitive interest rates, typically in the range of 10% to 24% per annum.
Flexibility: Ensure the platform offers flexible loan amounts, ranging from smaller amounts such as ₹10,000 to larger amounts such as ₹3 lakh, and allows you to choose a comfortable repayment tenure.
Transparency: Verify that all fees are clearly displayed upfront with no hidden fees. This includes checking the costs for loan processing, onboarding, and any charges for prepayment.
Yes, there is a cooling-off period during which you can cancel and exit the loan within 3 days from the date it was disbursed. To do this, you must repay the principal amount of the loan and processing fee, but you will not face any penalty. The exact length of the cooling-off period will depend on the platform from which you are borrowing.
Yes, you will have to pay 2% prepayment charges for both full and partial prepayment. Be sure to read the terms and conditions carefully before taking out a loan.
email us
care@1financep2p.comGot any more questions?
Here’s a list of a few common questions that might help. If you have any other questions, you can call, email or text us on Whatsapp.
What are the eligibility criteria to borrow from a P2P lending platform in India?
It depends on the specific P2P platform from which you are borrowing. At 1 Finance P2P, the online loan borrowing process is easy and transparent.
To borrow personal loans online from 1 Finance P2P, you must meet the following criteria:
1) Be at least 18 years old and a resident of India.
2) Have a valid bank account.
How much can I borrow and for how long on a P2P lending platform in India?
Loan Amount: You can take an online personal loan starting from ₹10,000 up to a maximum of ₹3 lakh. Loan Tenure: The platform offers a flexible repayment option, allowing you to choose loan tenures of up to 24 months.
What interest rate will I pay when borrowing through a 1 Finance P2P?
Depending on your profile, credit score, and payment history, the interest on a 1 Finance P2P online loan will be between 10% and 24% per annum.
From whom are you borrowing money?
You will be borrowing from multiple lenders, including MNIs, HNIs, and family offices familiar with alternative fixed-income products. These lenders are genuine and registered with 1 Finance P2P. Importantly, each lender contributes up to 5% of your total loan amount.
Can I repay my P2P loan early or close it before the tenure ends?
Yes, you can repay your loan early, either partially or in full. The prepayment charges will vary depending on the platform. When borrowing money from 1 Finance P2P, be sure to read the key fact sheet of your personal loan carefully to understand any applicable charges.
What happens if I miss or default on an EMI for my P2P loan?
If you fail to make payments on time, you will face penal charges, which may include:
- Late Payment Charge
- EMI Overdue Charge
- Legal Action
- Bounce Charges
All these charges will depend on the P2P platform from which you are borrowing. They may vary from one platform to another. Be sure to read the Key Fact Sheet carefully before taking a personal loan from a P2P lender.
Are P2P lending platforms safe for borrowers in India?
1 Finance P2P offers a fair, transparent borrowing process. You take loans from lenders, eliminating extra intermediary costs. All associated charges are clearly outlined in a transparent agreement before you start borrowing.
How do I choose the right P2P lending platform for my loan in India?
To choose the right platform, you should evaluate the following key features:
Competitive Rates: Look for competitive interest rates, typically in the range of 10% to 24% per annum.
Flexibility: Ensure the platform offers flexible loan amounts, ranging from smaller amounts such as ₹10,000 to larger amounts such as ₹3 lakh, and allows you to choose a comfortable repayment tenure.
Transparency: Verify that all fees are clearly displayed upfront with no hidden fees. This includes checking the costs for loan processing, onboarding, and any charges for prepayment.
Is there a period during which I can cancel the loan without penalty?
Yes, there is a cooling-off period during which you can cancel and exit the loan within 3 days from the date it was disbursed. To do this, you must repay the principal amount of the loan and processing fee, but you will not face any penalty. The exact length of the cooling-off period will depend on the platform from which you are borrowing.
Are there charges for prepaying the P2P personal loan?
Yes, you will have to pay 2% prepayment charges for both full and partial prepayment. Be sure to read the terms and conditions carefully before taking out a loan.
email us
care@1financep2p.comFor quick response to all your queries, reach out to us on WhatsApp.