Peer To Peer (P2P)
Peer To Peer (P2P)
- Peer To Peer (P2P) Lending Business In India -
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Peer to Peer (P2P) lending , also known as social lending/cloud lending is a method to finance debt which enables individuals to lend and borrow money without the involvement of an official financial institution as an intermediary. Basically, it eliminates the need of a middlemen involved in the process but is time consuming. In P2P lending, lenders are free to choose whom to lend and can diversify their options among different borrowers.


Eligibility Criteria

  • Should be incorporated in India
  • Has necessary technological, entrepreneurial and managerial resources
  • Has adequate capital structure to carry the business
  • Directors are fit and proper
  • Has a plan submitted/implemented for efficient Information Technology System
  • Submitted viable business plan
  • Serve Public Interest by the grant of CoR

Scope of activities

  • Act as an intermediary to the participants
  • Cannot raise or/under the section 45l(bb) of the companies act 2013
  • Cannot lend on its own
  • Cannot provide/arrange credit enhancement/guarantee
  • Cannot facilitate/ permit any secured lending through its platform
  • Cannot hold on funds received on its balance sheet
  • Cannot sell any other financial product
  • Cannot permit any international flow of funds
  • Ensure adherence to all applicable legal norms


  • Borrowers who do not have credit history are excluded.
  • Exposure to defaults from lenders side.
  • High level of financial sophistication is demanded.
  • Invades personal privacy of borrowers.
  • Returns lower than publicly traded index fund.

Requirement Of The Documents For P2P

Every existing and prospective P2P needs to make an application for registration to the following Address ‘ the Department of Non-Banking Regulation, Mumbai of the Bank’, in the form specified by the Bank along with additional documents.Whereas existing P2P can apply within three months from the date these documents were issued.

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