WhatsApp CTA

Quick collateral-free loans starting from
₹10,000 to ₹10 Lakhs — fair rates, zero hidden charges.

8%

Interest rate starting from

0

Prepayment & foreclosure fees

Before you take a loan, here’s why borrowers choose us.

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.

Flexible loan amounts and tenure

Flexible loan amounts from ₹10,000 to ₹10,00,000 with repayment tenures ranging from 2 to 36 months.

Transparent from day one

No hidden fees. No unexpected charges. Every cost is clearly explained before your loan is approved.

Start borrowing in 4 simple steps.

Living in India

At least 18 years old

Indian bank account

Mandatory registration requirements *

Comparing P2P and other loan products.

1 Finance | P2P
Banks
NBFCs
Other P2Ps

ELIGIBILITY AND ACCESS

Underwriting

Basis: Holistic review

Basis: Credit score
Range: 700+

Basis: Credit score
Range: 650+

Basis: Credit score
Range: 600+

Loan range

₹10k - 10 Lacs

₹10k - 50 Lacs

₹5k - 50 Lacs

₹500 - ₹10 Lacs

RATES AND COSTS

Interest rate

8% to 24% p.a

10% to 24% p.a

14% to 36% p.a

16% to 40% p.a

Processing fee

2-4% of loan amount

2-8% of loan amount

2-10% of loan amount

2-10% of loan amount

Hidden charges

Zero

Common

Frequent

Varies

SPEED AND PROCESS

Disbursal time

T+1

T+1

Varies

T+1

Documentation

Minimal

Heavy

Moderate

Minimal

REPAYMENT

Prepayment &
foreclosure

0%

2%-4%

2%-4%

2%-4%

Cooling period

Flexible tenure

2-36 months

3-60 months

3-60 months

1-12 months

Note: Figures are indicative and for comparison only; actual rates, fees, and terms may vary.

Borrower with quick loan benefit callouts
1 Finance P2P

For all your borrowing needs.

Superior customer support, always there for you.

No spam
Prompt availability

Fees and charges

Free

Registration

0%

fee charged in cooldown period

Only repay the disbursed amount.

₹199 + gst

Assessment fees

0

Prepayment & foreclosure fees

Lowest in the industry

Transparent repayment rules

Late EMI penalty

0.07% Late Payment Interest, daily

Late Payment Interest is charged at 2% per month, applied daily (≈0.07%/day) on the overdue amount until it's paid.

₹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.

Read your Key Fact Statement (KFS) carefully to fully understand all charges before proceeding.*

All disclosed honestly.

Got any more questions?

Here’s a list of a few common questions that might help. If you have any other questions, you can 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 not more than 60 years of age, and be 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 ₹10 lakh. Loan Tenure: The platform offers a flexible repayment option, allowing you to choose loan tenures of up to 36 months.

Depending on your profile, credit score, and payment history, the interest on a 1 Finance P2P online loan will be between 8% 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 close your 1 Finance P2P loan early, in part or in full, at any time — with zero prepayment or foreclosure charges. You repay the outstanding principal plus interest accrued to that date.

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 8% 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 ₹10 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. You can cancel and exit your loan within 3 days of disbursal. You repay only the principal that was disbursed — no interest and no prepayment charge. This 3-day cooling-off period applies to every loan on 1 Finance P2P.

No. Prepayment is free on 1 Finance P2P — there is no charge for either full prepayment (foreclosure) or partial prepayment. You pay only the outstanding principal and the interest accrued up to the date of prepayment. All charges are set out in your Key Fact Statement (KFS) before you accept the loan.

email us

care@1financep2p.com