How It Works

Step 1: Register as a Lender

Signing up as a lender on our site is easy and safe. To begin with, you have to register by giving basic personal or business information. This consists of your name, contact, and bank details for transactions. After registering, you need to undergo the Know Your Customer (KYC) process. It helps ensure all lenders are confirmed and follow the financial regulations. To undergo KYC, you will have to provide documents like Aadhaar, PAN card, and bank details. These papers confirm your identity and financial authenticity. Upon successful authentication, you become eligible to use your lender dashboard. You may browse loan listings, monitor investment, track repayment, and fund management effectively from here. Registration is made user-friendly while making security for stakeholders a priority. 

Step 2: Browse Loan Listings

Once registered, you are able to view a diverse portfolio of loan requests from authentic borrowers. Listings offer in-depth borrower profiles comprising financial history, loan use, repayment ability, and credit score. The level of transparency with regard to information facilitates lenders’ decision-making process. Loan listings can be sorted according to interest rates, loan term, type of borrower (personal, business, or credit line), and risk category. Every borrower is classified according to their credit risk assessment so that lenders are able to select loans according to their risk appetite. By scrutinizing borrower information carefully, lenders are able to create a diversified investment portfolio.

Step 3: Select & Fund Loans

Lenders can select borrowers and allocate funds according to their investment strategy. Choosing loans wisely is crucial for maximizing returns while minimizing risks. Our platform provides a manual selection option for lenders who prefer personal evaluation. Alternatively, the auto-invest feature enables automated loan allocation based on predefined risk criteria. Diversification is the secret to minimizing risks. By extending loans to various borrowers, you make sure that defaults do not affect your whole portfolio. We suggest diversifying investments among different borrowers, types of loans, and tenure durations for well-balanced risk management.

Step 4: Loan Agreement & Disbursal

Once a lender chooses a loan, the borrower is required to agree to the terms and conditions. A binding loan agreement is created, which provides a secure transaction between the two parties. The agreement states important information such as repayment timeline, interest rate, default penalties, and other terms. Once the agreement is completed, money is transferred directly to the borrower’s registered bank account. This is done to ensure transparency and avoid intermediaries, thus making transactions quicker and more secure.

Step 5: EMI Collection & Repayment

Borrowers repay loans in the form of Equated Monthly Installments (EMIs), which include both interest and principal. The payments are credited automatically to the lender’s account. Lenders get timely reminders and notifications about future payments, providing full visibility into loan performance. For lenders, it is simple to track EMI collections through the dashboard. This facility enables tracking of financial inflows and reinvesting returns effectively.

Step 6: Monitor Your Investment

Our platform offers an integrated dashboard where lenders can monitor investment performance in real-time. This includes borrower repayment patterns, outstanding loans, and potential risks. Through being informed, lenders can make more informed reinvestment decisions and reconfigure their portfolio accordingly.

Step 7: Managing Defaults & Recovery

Even with strenuous borrower validation, defaults could happen. Where this is the case, our specialized recovery department contacts borrowers for prompt payment. Where needed, legal action and professional recovery firms are utilized in recovering amounts outstanding. To enhance risk reduction further, lenders may choose to use loan insurance protection. This component offers financial assurance against defaults, guaranteeing that investments are secure.