Hello Srikanth,
What is the maximum amount a person can invest in P2P?
And do you have any pointers for P2P lenders?
1 Answers
Hi,
RBI has put a cap on the amount that can be borrowed and lent. The aggregate exposure of a lender or the maximum that one may borrow at any point of time, across all P2Ps, shall be capped at Rs 10 lakh. Even the exposure of a single lender to the same borrower, across all P2Ps, shall not exceed Rs 50,000 and the maturity of the loans shall not exceed 36 months.
Kindly read : What is Peer to Peer Lending? How does it work? | RBI’s latest Guidelines on P2P Lending Platforms
Kindly read : What is Peer to Peer Lending? How does it work? | RBI’s latest Guidelines on P2P Lending Platforms
Thank you so much Sreekanth.
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