i2ifunding Personal Loan App 7.0.0

i2ifunding Personal Loan App 7.0.0

i2iFunding.com (RNVP Technology Pvt. Ltd.)  ❘ Freeware
Android
Latest Version
7.0.0
Safe to install

i2iFunding (RNVP Technology Pvt Ltd.) is a registered Non-Banking Financial Company - Peer to Peer Lending Platform (NBFC-P2P) regulated by the Reserve Bank of India (RBI). The platform provides a new and improved way for individuals in India to borrow personal loans.

Key features of i2iFunding personal loans:

  • Loan amounts ranging from Rs. 1,000 to Rs. 5,00,000
  • Flexible loan tenure options from 3 to 12 months
  • Competitive interest rates starting from 12% per year up to 36% per year
  • Processing Fee: 2% to 10% of the loan amount
  • No collateral or security required
  • No prepayment penalties

Representative Example:

For a loan amount of ₹1,00,000 payable in 1 year, with an interest rate (APR) of 20% per annum, a borrower will pay the following:

  • Interest: ₹11,156
  • Processing fee (including GST): ₹5,900
  • EMI for 12 months: ₹9,263
  • Total amount payable: ₹1,17,056 (Principal + Interest + Processing Fee)

i2iFunding has been recognized as one of the top emerging Fintech startups in India by IAMAI in collaboration with Inc42. The company was founded in October 2015 and has since become one of the leading and most trusted Peer to Peer (P2P) lending platforms in India.

Why choose i2iFunding for your personal loan:

  • Simple and hassle-free online application process
  • Customized loans based on your credit profile
  • Available to individuals with low or no CIBIL history
  • Collateral-free loans without the need for physical visits
  • No penalty for prepayment

The process of obtaining a loan from i2iFunding:

  1. Complete the online application form
  2. Upload the required documents
  3. Receive approval from the credit team
  4. Undergo physical verification and documentation if necessary
  5. Loan amount is disbursed directly to your bank account

Required documents:

  • Aadhar number
  • PAN Card
  • Permanent Address Proof (Electricity Bill / Gas Bill / Water Tax Receipt / House Registry Papers)
  • Current Address Proof (if different from permanent address: Passport / Voter ID / Aadhaar Card / Driving License / Post-Paid Mobile Bill / Land-Line Bill / Broadband Bill)
  • Last 12 months bank account statement

Additional documents for salaried employees:

  • Last 3 months salary slips
  • Employment Proof (Company ID Card / Appointment Letter)

Additional documents for self-employed borrowers:

  • Last 3 years' Income Tax Returns
  • Business Establishment Proof (Business / Shop Registration Documents / GST Certificate)

i2iFunding personal loans can be used for a variety of purposes including debt consolidation, credit card payments, medical emergencies, house renovation, marriage expenses, travel, and education.

i2iFunding prioritizes the security and privacy of its customers. They comply with strict IT and cybersecurity guidelines set by the Reserve Bank of India (RBI) for NBFCs. The platform has implemented high standards of IT infrastructure security protocols that have been tested and certified by CISA auditors.

Features available in the i2iFunding App:

  • Borrower sign-up and loan application submission
  • Submission of mandatory documents
  • Profile verification, loan evaluation, and approval process by the i2i team
  • Access to complete loan application status and disbursal information

Apply for a personal loan with i2iFunding now by visiting their website or using their Borrower's App.

Overview

i2ifunding Personal Loan App is a Freeware software in the category Business developed by i2iFunding.com (RNVP Technology Pvt. Ltd.).

The latest version of i2ifunding Personal Loan App is 7.0.0, released on 01/14/2024. It was initially added to our database on 01/14/2024.

i2ifunding Personal Loan App runs on the following operating systems: Android.

i2ifunding Personal Loan App has not been rated by our users yet.

Pros

  • Easy to use interface making it simple for users to apply for personal loans
  • Quick loan approval process saving time for users in urgent need of funds
  • Competitive interest rates offering affordable borrowing options
  • Transparent fee structure ensuring users are aware of all charges involved
  • Option to track application status and loan details conveniently through the app

Cons

  • Limited loan options available compared to traditional banks or financial institutions
  • May have stringent eligibility criteria restricting access to loans for some users
  • Risk of high interest rates for users with lower credit scores
  • Customer service quality may vary leading to inconsistent support experiences
  • Potential for technical glitches or errors during the application process

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