Fees

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%

 

 

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