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- IndiaMoneyMart - P2P Lending
- IndiaMoneyMart - P2P Lending Vs. HomeFirst Connect
IndiaMoneyMart - P2P Lending vs. HomeFirst Connect Utilizzo e statistiche
Affordable loans to credit-worthy borrowers & handsome returns to lenders
IndiaMoneyMart(IMM) is India’s favoured Peer-To Peer (P2P) platform. An RBI Registered NBFC P2P (N-13.02306) offering attractive returns to lender and affordable loans to borrower. It is a marketplace connecting creditworthy small business borrowers with investors directly. IMM’s strong fintech platform along with on-ground PAN India presence and meticulous borrower evaluation helps investors earn high returns.
IMM believes in direct sourcing, in-depth credit assessment and in-person meeting with borrowers to build a portfolio of hand-picked prime borrowers for lenders. Investor can split funds into multiple loans to minimize risk along with precise online tracking & collections support.
Reinvestment option helps build on power of compounding. Lenders get calling, email and complete relationship support.
Earn High returns in debt investment on P2P Platform and Change Lives | Invest Now
Why IMM
Trusted by 2000+ registered investors
RBI–registered, a regulated entity
Backed by marquee investors from the industry
IMM Salient Features for Lender
RBI Registered NBFC-P2P
Credit Worthy Small Business Borrowers
Loan for Productive Business Use
Direct On-Ground Assessment
Reinvestment Options Available
Immune to Equity Market Volatility
Direct Relationship with PAN India Presence
Managed by ICICI Trusteeship Services Pvt. Ltd.
No withdrawal charges
Good referral bonus
Automated Manual renewal options
100% digital account opening process
Investment amount Rs. 50,000 to Rs. 50,00,000
Documents Required - PAN Card, Aadhar Card
Eligibility Criteria: A person should be an adult Indian citizen with a valid KYC and Indian bank account to become an investor on the platform.
NRIs with NRO account and Indian PAN are also eligible to be investor on Platform.
IMM Salient Features for Borrower
Average tenure 24 months, Max 36 months
Annual Percentage Rate (APR): 18 - 25%
Processing Fee: 2 – 5% of loan amount (+ GST of 18%)
Loan Amount: Rs. 50,000 - Rs. 5 Lacs.
Registration fees: Rs. 500 + GST of 18%
A representative example of the total cost of a loan:
For Rs.50,000 borrowed for 12 months, with interest rate @ 20% per annum reducing and Processing fee of 2% a borrower would pay:
Processing fee: Rs. 1180 (Incl GST)
Registration fee: Rs. 590 (Incl GST)
EMI (Monthly Repayment) =Rs. 4632*12 months
Total Interest Paid = Rs.5580
Total Amount to be paid =Rs.57,350
Interest Rate may vary based on your risk profile
To know more about us check out - https://www.indiamoneymart.com
Please reach out to us with your queries and feedback at support@indiamoneymart.com
Regards,
Team IndiaMoneyMart
Risk Disclaimer:
P2P investment is subject to market risks. Investment decisions taken by a lender based on this information are at the discretion of the lender
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HomeFirst Connect is a one-stop solution for sharing the lead and tracking its progress.
This app helps you in providing a Hassle-free experience for you as a DSA with easy documentation and quick approvals.
About the Company:
In 2010, a brave young company rode into the wild-world of Home Finance. Meet the 9-year-old company who wants to be the fastest provider of Home Finance for the aspiring middle class and shape the future of Financing Homes and the country!
Homefirst provides home-loans to low and middle-income individuals, specifically in the affordable segment. Most of our customers are first time home buyers and we empower them to live better! Loan amounts for these homes typically range between 5 lakh to 50 lakh Rupees.
Products:
Home loan against property-
A loan against property (LAP) / property loan / mortgage loan is just a secured loan, wherein we as the financial institution keep the property papers as a security until the loan is repaid.
Home loan for home renovation-
HomeFirst home extension and renovation loan is a loan provided for making civil changes in your existing home. In simple words, it is a loan for any renovation like building a kitchen, adding an extra floor or a new room.
Home loan for NRI-
Home loans for NRIs is a product specially created to suit the needs of an NRI (non-resident Indian).We have simplified the process considerably, using technology to cut through paperwork and bureaucratic hassles of the loan application process.
Home loan for seniors-
After a certain age, it becomes harder for people to avail of home loans. However, at HomeFirst, we believe that older citizens deserve to have the same benefits as their younger counterparts. We offer senior citizens special loans, with extended tenures and as many co-applicants as they require.
Home loan for self employed-
HomeFirst has designed this product to suit the special requirements of customers who run their own businesses, and who do not always have documented proof of income. Most financial institutions give out loans only to salaried people, but HomeFirst aims to change that.
Home construction loans-
A home construction loan is an HomeFirst flagship product, designed to help you construct your own home.If you have a plot of land and want to build a house to your own specifications, this product is ideal for you.
Home loan balance transfer-
If you have an existing loan, and you are finding it difficult to deal with your loan provider difficult, HomeFirst will take on that loan for you. We offer clear and transparent terms to transfer the loans to us and guarantee to reduce any hassle you are facing considerably.
Home loan top up-
An HomeFirst home loan top up is a small loan, on top of your existing home loan. It is designed to give you a little more flexibility to make your home even better than previously possible. It can also be used to cover any unforeseen emergency expenses that might come up.
Shop loans- Shop loans are special loans intended to assist you set up a space for your business. You can use a shop loan to buy, build, or renovate your place of business, and you don’t even require income proof to apply.
Group home loan- Group Home Loans are meant for friends who plan to live next to each other. A group of 3-5 friends can take their home loans from HomeFirst in a group and avail various discounts and benefits. The idea is meant to foster a sense of community and commitment with your neighbours, by being a support to each other.
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IndiaMoneyMart - P2P Lending VS.
HomeFirst Connect
19icembre d, 2024