Unorganized lending is prevalent in India for centuries. This is done by local moneylenders, traders and HNIs. Antworks Money P2P loan services bring all these unorganized players on the marketplace and enables them to lend to credit worthy borrowers in a transparent and fair manner. In addition, some organized players trying to expand their customer base also participate on our Market place.
The Antworks P2P market place provides better rates of interest than the traditional model because it removes the intermediaries and connects the lenders directly to the borrowers. Traditionally, banks collect money (through savings accounts or deposits like fixed or recurring) at low interest rates (say 6-9%) and lend it to borrowers at much higher rates. This margin goes into recovering high overheads and cost of salaries. Though process of disintermediation, we enable lenders to lend at a higher rate of interest.
We charge a flat fee of 1% of loan transacted on our Platform from Lenders, which is collected at time of transaction is done.
We, at Antworks Money P2P Loan Services, seek to facilitate convenient lending opportunities for everyone. For registering as a lender, an Individual has to fulfill following criteria:
- Be a resident of India
- At least 18 years of age
- Have a valid bank account in India.
- Have a PAN card.
- Have a record of investing in fixed deposits, stock market or any other investment product through a trading or DEMAT account
In order to encourage wider participation in our marketplace, we also encourage RBI listed finance companies or Companies formed under the Indian Companies Act are eligible to apply
Simply click on the SIGN UP, and register through the simple step by step process as instructed