A P2P loan connects borrowers directly with individual lenders on a digital platform, offering quick personal loans without traditional banks.

Salaried individuals, self-employed professionals, and business owners with a valid ID, steady income, and good credit profile can apply.

You can use it for personal needs such as education, travel, medical expenses, home renovation, or debt consolidation.

Loan amounts vary by platform but typically range from small amounts to larger loans, depending on your creditworthiness and income.

Approval is usually quick, often within 24–72 hours after verification, with funds directly transferred to your bank account.

Rates vary depending on your credit profile and the lenders on the platform, but they are often competitive compared to traditional loans.