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.
Quick collateral-free loans starting from
₹10,000 to ₹10 Lakhs — fair rates, zero hidden charges.
8%
Interest rate starting from
0
Foreclosure fees
Before you take a loan, here’s why borrowers choose us.
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.Start borrowing in 4 steps.
Living in India
At least 18 years old
Indian bank account
Mandatory registration requirements *
Create account
Just some basic info about you.
Comparing P2P and other loan products.
Comparing P2P and other loan products.
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
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.
For all your borrowing needs.
Superior customer support, always there for you.
No spam
Prompt availability
Fees and chargesFees and charges
Free
Registration
0%
fee charged in cooldown period
Only repay the disbursed amount.
₹199 + gst
Assessment fees
0%
Foreclosure fee
Lowest in the industry
Free
Registration
0%
fee charged in cooldown period
Only repay the disbursed amount.
₹199 + gst
Assessment fees
0%
Foreclosure fee
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.
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 call, 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 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 repay your loan early, either partially or in full. The prepayment charges will vary depending on the platform. When borrowing money from 1 Finance P2P, be sure to read the key fact sheet of your personal loan carefully to understand any applicable charges.
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, there is a cooling-off period during which you can cancel and exit the loan within 3 days from the date it was disbursed. To do this, you must repay the principal amount of the loan and processing fee, but you will not face any penalty. The exact length of the cooling-off period will depend on the platform from which you are borrowing.
Yes, you will have to pay 2% prepayment charges for both full and partial prepayment. Be sure to read the terms and conditions carefully before taking out a loan.
email us
care@1financep2p.comGot any more questions?
Here’s a list of a few common questions that might help. If you have any other questions, you can call, 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 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 repay your loan early, either partially or in full. The prepayment charges will vary depending on the platform. When borrowing money from 1 Finance P2P, be sure to read the key fact sheet of your personal loan carefully to understand any applicable charges.
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, there is a cooling-off period during which you can cancel and exit the loan within 3 days from the date it was disbursed. To do this, you must repay the principal amount of the loan and processing fee, but you will not face any penalty. The exact length of the cooling-off period will depend on the platform from which you are borrowing.
Yes, you will have to pay 2% prepayment charges for both full and partial prepayment. Be sure to read the terms and conditions carefully before taking out a loan.
email us
care@1financep2p.comFor quick response to all your queries, reach out to us on WhatsApp.