Paisadukan is a peer-to-peer (P2P) lending company which allows you to avail a loan of your choice at attractive interest rates ranging between 12% and 24% and flexible repayment tenure ranging between 3 months and 3 years.
Loan amount | Rs.5,000 - Rs.10 lakh |
Tenure | 3 months to 3 years |
Interest Rate | 12% p.a. - 24% p.a. |
Processing fee | 1.5% of the loan amount |
Note: As per the RBI guidelines, a maximum of Rs.50,000 can be funded by an individual investor or bank to the individual borrower.
Given below are the steps you will have to follow in order to apply for a Personal loan from Paisadukan:
The EMI is supposed to be paid by 7th day of each month.
Yes, you will incur penalties if you delay or do not pay the EMI. The penalties are given below:
In case you fail to pay the EMI on the due date, a penal interest of 0.1% of the loan amount will be levied for first 7 days, and Rs.100 per day from the 8th day onward. In case your cheque or NACH gets bounced, you will have to pay the bank charges related to default instance in addition to Rs.250 inclusive of GST. The cost of legal process including litigation will be borne by you.
In case your loan amount is less than Rs.50,000, then you will be funded by an individual lender. However, if the loan amount availed is Rs.50,000 and above, then you will be funded by multiple lenders.
There is no hidden charge involved. You do not have to pay any registration fee either. All the fees and charges which will be levied are clearly explained on the website. The lender will charge a processing fee of 1.5% of the loan amount + GST.
Yes, the lender takes into consideration your occupation and income before deciding whether your loan should be sanctioned or not.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.