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Investor's App - P2P Lending app for iPhone and iPad


4.0 ( 0 ratings )
Finance
Developer: RNVP TECHNOLOGY PRIVATE LIMITED
Free
Current version: 1.1.2, last update: 4 years ago
First release : 24 Sep 2019
App size: 0 Bytes

Download i2iFunding Investor’s App to register as a P2P Lending investor and get an opportunity to earn high returns by lending money to verified borrowers.
P2P Lending - An Opportunity to Earn High Returns
* Earn up to 30% Returns on Investment
* Diversify risk by lending money to multiple borrowers
* Generate Steady Income Through EMI
About i2iFunding:
i2iFunding is a Fintech start-up, which was founded in Oct-2015. We are one of the pioneers of P2P Lending in India. Since inception, we have grown at a very fast pace and has become one of the safest, most trusted and innovative Peer to Peer (P2P) lending platforms in India. We have offices in
Noida, Delhi, and Mumbai, etc. i2iFunding (RNVP Technology Pvt. Ltd.) is an Reserve Bank of India (RBI) registered Non-Banking Financial Company - Peer to Peer Lending Platform (NBFC- P2P). Certificate of Registration No. : N-12.00468
App Features:
* An investor can fill up the simple application form and become a registered Investor at our platform.
* Registered investors would be able to view profiles of active borrowers who have been verified and approved by i2iFunding.
* Registered investors would be able to invest in the profile of active borrowers and see the overview of their investments.
* Registered Investors will get an auto-notification, as soon as a new borrower is made live.
Sign Up Process:
Fill up personal details, PAN and Address Proof, mobile number and email address.
Pay registration fees of Rs. 500+18% GST = Rs 590.0 (Non Refundable) Provide address and employment details.
Upload copy of PAN and Address Proof.
Provide Bank details which will be used for transactions.
Investment Amount Limits:
After registration, investors would be able to invest up to Rs. 50,000 without paying any additional fees.
The minimum investment amount in a single borrower is Rs. 1,000 and the maximum amount is Rs. 10,000.
The overall investment limit is Rs. 50 Lakhs across all P2P lending platforms.
Investment Process:
Create Investors Account - To begin lending, investors should first create an ‘Investor Account’ by
filling registration form either on the website( www.i2ifunding.com) or mobile investor app.
Updating balance in Escrow account– To start lending, investors need to transfer funds to the Unique Escrow account first, so the same can be invested in different loan products .Investors can transfer funds through any of these modes– NEFT, RTGS or IMPS after adding this account as a beneficiary in their net/mobile banking.
Review profiles of "Active Borrowers" - To analyze the borrower information, an investor simply needs to browse the Active Borrowers List and review the detailed profile of listed borrowers. Approved Loan amount, interest rate and tenure are mentioned along with the detailed profile of each borrower.
Commitment to Lend Money -Investors can select borrowers as per their risk appetite and investment preference and then make a commitment to lend money to those borrowers by clicking on the "Invest Now" button and entering "Investment Amount". Post entering the amount, enter Transaction PIN ( Investor need to generate this 4 digit PIN after completing registration which acts as an e-agreement between borrower and lender and is required every time a new loan is funded) and submit to complete transaction.
Disbursal of Funds - After funding is 100% completed for a loan product, funds gets disbursed to borrower account on the same or next business day. From the date of disbursal interest starts
calculating which the investor receives as per the EMI repayment schedule.
Repayments and Monthly Cash Flow –
Every month EMI/Due amount is auto deducted from Borrowers Bank Account to the Repayment Escrow Account of i2ifunding through the NACH mandate.