Antworks Money P2P Marketplace does not charge any fee for Registration which is completely free for Borrowers, Lenders and Financial buddies.
Our Loan Origination fees are broadly divided in three categories:
| Service Description | Frequency | Who Pays | How it is recovered | How much |
| Verification Services | One time | Borrower | Paid directly to Antworks Money through RTGS/NEFT/payment gateway | INR 1500 plus service tax |
| Rating Services | One time | Borrower | Paid directly to Antworks Money through RTGS/NEGT/payment gateway | Rs. 2500 plus taxes |
| Loan Administration Services | One time | Lender | Paid directly to Antworks Money through RTGS/NEFT/Payment gateway | Based on the table below |
Loan Administration fees:
Once the loan agreement is closed, an administrative fee prior to disbursement is charged as per the structure below:
| Interest Rate Range | ||||
| 10%-12% | 12-16% | 16-24% | Above 24% | |
| Administrative fee ( % of Loan Amount) | 1.50% | 1.75% | 2.50% | 3.50% |
Leave A Comment?