23 Aug, 2024 By ravita pal Best Loan App, Loan App Review, New Loan App Review, RBI REGISTERED LOAN APP, पर्सनल लोन ऐप 0 Comments

i2I Funding Personal Loan App Review 2024

2 funding (RNVP Technology Pvt Ltd) is a reserve Bank of India registered non-banking financial company – peer to peer lending platform (NBFC – P2P). NBFC – P2P certificate of registration (CoR) no. N-12.00468 peer to peer lending a new and better way of talking personal loans in India

2 Funding Personal Loan App Review 2024

Features of personal loan from 2 funding

  • Loan amount Rs. 1000 to Rs. 5,00,000
  • Loan tenure from 3 months to 12 months choose your own EMI tenure
  • Interest rates starting from 12% per year upto 36% per year
  • Processing fee – 2% to 10% of loan amount
  • No collateral or security
  • Repay loan anytime during the loan tenure without paying prepayment penalties

Representative Example

  • For a loan amount of 1,00,000 payable in one year with an interest rate (APR) of 20% per annum a borrower bill pay the following amount:
  • Interest = 11,156
  • Processing fee (5%) = 5,900 (including 18% GST on processing fees which is 900)
  • EMI = 9,263 for 12 months
  • The total amount payable would be principal (1,00,000) + Interest (11,156) + processing fee (5,900) = 1,17,056

About 2 funding

Funded in October 2015. 2 funding is innovative fintech start-up and one of the pioneers of peer to peer lending in India. Since inception we have gown at a very fast pace and has gradually emerged as one of the safest most trusted and Innovative peer to peer (P2P) lending platforms in India we have an office in n Noida

Why take the personal loan from 2 funding?

  • completely online and hassle-free application process
  • customized personal loans at interest rates appropriate to a borrower’s credit profiles
  • Loan available for people with low CIBIL or no CIBIL history
  • Get collateral – free personal loans online without any physical visit
  • pre-pay loan and as and when you want to without any penalty

Required documents

  • Aadhar number for address verification
  • Pan card
  • Permanent address proof (electricity bill / Gas bill / Water tax receipt / house registery papers)
  • Current address proof (if different from permanent address : passport / Voter ID / Aadhar card / Driving licence / post-paid mobile bill / landline bill / Broadband bill)
  • Last 12 months bank account statements

Additional documents for salaried employee

  • Last 3 months salary slips
  • Employment proof ( company ID card/ Appointment letter)

Additional documents for self employed borrowers

  • Last 3 year’s income tax returns
  • Business Establishments proof (Business/shop registration documents/GST certificate)

Security & Protection of privacy

2 funding complies with very strict IT and cybersecurity guidelines prescribed by the reserve Bank of India (RBI) for NBFCs. We have we have implemented the highest standards of IT infrastructure security protocols which have been tested and certified by CISA certified auditors

Features Available in App

  • Borrowers sign-up and submission of the loan application
  • submission of mandatory documents
  • profile verification loan evaluation and approval by the team of 2
  • The complete status of loan application and disbursal