Easy, Convenient and Hassle-Free Loan Transactions Are Now Possible

MUMBAI, India - Oct. 3, 2017 - PRLog -- Good news for those who are looking for loans of various types and those who are on the look-out for lucrative peer to peer investment options.

IndiaMoneyMart, an online marketplace, says that they bring together borrowers and lenders for enabling transactions between them on the terms that suit both the parties. IndiaMoneyMart emphatically says that they are not a financial institution and hence, they do not borrow or lend money themselves. Therefore, they do not come under the purview of Reserve Bank Of India or Securities Exchange Board of India. IMM hastens to add that they are just providing a service to the Indian nationals and that they strictly abide by the laws of the land.

IMM further says that they facilitate easy, convenient and hassle-free lending and borrowing and lenders and borrowers can interact directly for striking a deal amongst themselves. Borrowers who need money and lenders who are interested in providing the loans must complete a simple application on their site. They can do so either as individuals or as corporate members.

IMM points out that their platform uses the online data-accessing technology to quickly determine the credit rating and risk factors of the applicants before enlisting them on their marketplace. Additionally, they carry out physical verification also for ensuring that only authentic people participate on their platform. This is also for registering only those applicants who satisfy their verification process. In fact, applicants will be able to look at each other's profile only after the approval. Once the approval process is over, they can identify their match and carry out transactions on their e-lending platform, says IMM.

Once a deal is struck, their platform automatically generates mutual agreements for the borrowers and lenders to sign under their guidance. Then, lenders or those who make p2p investment in India disburse the loan amounts while the borrowers hand over post-dated cheques to cover the principal and the interest amounts of the loans. The loan transactions are considered locked once the borrowers receive the loan amounts from the lenders.

In short, the process they have put in place helps lenders earn interest for the loans they lend and the borrowers to get their financial needs fulfilled, says IMM. Since they are using cutting-edge technology on their online platform, their establishment costs are very less. They pass the savings back to their registered borrowers which means those who borrow money through their platform can pay lower rates of interest. At the same time, lenders will also get substantial returns.

About IndiaMoneyMart
https://www.indiamoneymart.com/, an online marketplace, brings together borrowers and lenders for enabling transactions between them on the terms that suit both the parties. IndiaMoneyMart is are not a financial institution. Hence, they do not borrow or lend money themselves. Therefore, they do not come under the purview of Reserve Bank Of India or Securities Exchange Board of India. They are just providing a service to the Indian nationals and they strictly abide by the laws of the land.