Best P2P Lending Platforms in India

best p2p lending platform in India

Are you weary of being locked in the same old investing cycle? What if you had a chance to break free and pursue a fascinating new investing opportunity?

This is where peer-to-peer, the best P2P lending platform in India, comes in. P2P lending platforms are transforming how individuals invest or receive funds in India. However, with plenty of P2P platforms available, choosing the ideal one might take a lot of work. 

In this detailed guide, we’ll examine the best P2P lending platform in India and provide you with the knowledge you need to make sound investing decisions. 

Top P2P Lending Platforms in India

Now, look at some of the best P2P lending platforms in India. This is not an entire list, but it will help you get started with your research.

1. LenDenClub

LenDenClub, a pioneer in the Indian peer-to-peer industry, has over one crore registered users. It usually provides loans up to ₹ five lakhs and is a Non-Banking Financial Company (NBFC) that adheres to RBI standards. 

  • Begin with a minimal investment of ₹10,000.

  • Investment options include lump sum plans, monthly income plans, and manual lending.

  • Invest in loans with periods ranging from one to three years.

  • Earn significant profits of up to 15% every year. 

  • Platform Fees include a service charge of 1% of each payment received.

  • Apps are available on both the Play Store and the App Store.

2. Lendbox

Another renowned platform, Lendbox, concentrates on loans for small and medium-sized businesses (SMEs). They provide a credit line product with numerous repayment choices. 

  • The minimum investment to get started is ₹25,000.

  • Loan types offered are personal loans, education loans, marriage loans, and more.

  • You can earn up to 15.4% return on investment (ROI).

  • They charge a 1.0% fee on the amount you invest.

  • Tenure ranges from 6 to 36 months.

  • Apps are available on both the Play Store and the App Store.

3. FairCent

FairCent, an RBI-registered P2P platform, serves individuals seeking financing and provides customized lending choices. It promotes openness by providing investors with complete borrower information and credibility ratings. 

  • To get started, you’ll need a minimum investment of ₹30,000.

  • They offer various loan options, including personal loans and business loans.

  • The loan terms can extend up to 3 years.

  • You have the potential to earn returns of up to 12%.

  • Platform fees include a non-refundable 2% transaction charge.

  • Apps are available on both the Play Store and the App Store.

4. Mobikwik Xtra

If you currently use Mobikwik, you may be interested in Mobikwik Xtra, their peer-to-peer lending platform. They provide short-term loans with an emphasis on speedy approval. Being an investor, you may use the firm’s auto-invest function.

  • You can start investing with a low minimum of just ₹1000.

  • The good news is that Xtra charges no investment fees or commissions.

  • The Xtra app is conveniently available for download on both the Play Store and App Store.

  • Mobikwik Xtra focuses on short-term loans.

  • Tenure varies from 3 to 24 months.

  • Mobikwik Xtra offers possible profits of up to 14% per annum. 

5. Finzy

Finzy is a RBI-registered platform that has one distinctive feature: payroll deduction loans. This serves employed people. They may repay their debts quickly by having automated withdrawals from their earnings.

  • You can get started with an investment of at least ₹50,000.

  • Loan Focus on salaried borrowers looking for loans.

  • The platform offers the potential for returns exceeding 10%.

  • Platform fees are 2% + GST on the money received from borrowers.

  • Apps are available on both the Play Store and the App Store.

6. CRED Mint

If you are a CRED user with a strong credit score, you can borrow or invest with CRED Mint. They provide selected lending alternatives and competitive rates of interest for clients. 

  • You can begin investing with a minimum of ₹1 lakh.

  • This platform offers flexibility, meaning you can withdraw your money anytime.

  • The potential returns are up to 9%.

  • There are no platform fees to worry about.

  • Apps are available on both the Play Store and the App Store.

7. Fello

Fello is a peer-to-peer network focused on building confidence between lenders and borrowers. It permits immediate communication between the two parties, resulting in increased transparency. 

  • You can start investing with a minimum of just Rs. 100.

  • Fello offers a variety of loan options.

  • The platform allows for potential returns of up to 15.5%.

  • Using the Fello app is free – they don’t charge any fees.

  • Apps are available on both the Play Store and the App Store.

8. IndiaP2P

IndiaP2P offers a variety of lending options, such as individual loans and medical loans. It provides investors with a great level of control, allowing them to select certain debtors to invest in.

  • With a minimum investment of Rs. 5000, you can choose from Growth and Monthly Income Plans.

  • These plans offer flexibility, with loan terms ranging from an average of 12 months to a maximum of 3 years.

  • The potential returns are attractive, reaching up to 18%. 

  • Platform costs are 2%, and extra fees may apply.

  • Apps are available on both the Play Store and the App Store.

9. iLend

iLend is a peer-to-peer network that focuses on lending to micro, small, and medium-sized businesses (MSMEs). It offers borrowers attractive interest rates and various repayment options. 

  • Unspecified minimum investment – check directly with iLend.

  • 4% fee on loan amount.

  • Competitive rates, up to 12%.

  • Apps are available on both the Play Store and the App Store.

10. i2i Funding

The I2i Funding platform differentiates itself by focusing on agricultural financing. It matches lenders with farmers who require loans for various agricultural purposes. 

  • Minimum investment starts at Rs. 1,000.

  • High potential returns of up to 36% annually.

  • Investment periods range from one month to 36 months.

  • Platform charges a non-refundable registration cost of Rs 590 (Rs 500 + 18% GST).

  • Apps are available on both the Play Store and the App Store.

P2P Lending Pros vs Cons

Before diving headfirst into P2P lending, it’s essential to understand the pros and cons of the best P2P lending platform in India:





Potentially higher interest rates

No guaranteed returns, risk of defaults


Spread investments across borrowers and loan categories

Lower liquidity compared to some options

Direct Impact

Invest directly in businesses and individuals

Reliant on the platform’s credit assessment and risk management


Easy investment through user-friendly apps and platforms

May require more research and effortv

Factors to Consider Before Investing in P2P Lending

The best P2P lending platform in India is an appealing potential investment opportunity. However, with any investment, a thorough evaluation is required. Here are some considerations while investing in the best P2P lending platform in India.

  • The best P2P lending platforms carry inherent risks. Before you invest, carefully analyze your risk tolerance. 

  • P2P loans often have set terms. Make sure your investing time horizon matches the loan payback conditions.

  • To minimize risk, diversify your assets among loan types, borrowers, and platforms.

  • Select the best P2P lending platforms with an established track record. Look for a robust regulatory structure within the platform. 

  • Know the platform’s pricing structure, which includes processing and platform fees and any other charges that may apply.


Ultimately, peer-to-peer lending has matured into more than an alternate investing strategy. It serves as a doorway to creating a more linked financial environment. By directly supporting the goals of enterprises and individuals, you become a key player in their success story through the best P2P lending platform in India. 

P2P lending can help you transition from a passive investor to a powerful catalyst for financial emancipation. Rewrite the investing script and become a part of the future of money!

LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping lenders diversify their investments beyond traditional investment instruments ever since.



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The Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by Innofin Solutions Private Limited, and does not provide any assurance for repayment of the loans lent through its platform.

LenDenClub is an Intermediary under the provisions of the Information Technology Act, 2000 and virtually connects lenders and borrowers through its electronic platform via the website and/or mobile app.

The lending transaction is purely between lenders and borrowers at their own discretion, and LenDenClub does not assure loan fulfilment and/or lending simple interest. Also, the information provided on the platform is verified or checked on the best efforts basis without guaranteeing any accuracy of the data/information verification. Any lending decision taken by a lender on the basis of this information is at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower, fully or partially. The risk is entirely on the lender. LenDenClub will not be responsible for the full or partial loss of the principal and/or interest of lenders’ lending amounts.

*This is an annualized yield and is subject to the maximum FMPP tenure, which is 5 years. P2P lending is subject to high risk and may cause an entire loss of principal.

*P2P lending is subject to risks. And lending decisions taken by a lender on the basis of this information are at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower.

** Average value mentioned is the weighted average of simple interest received by lenders

© 2024 LenDenClub by Innofin Solutions Private Limited | CIN: U74999MH2015PTC266499