OMLP2P Blogs

Awareness & High Investment Cap to boost P2P lending Surendra Jalan - OMLP2P

The size of peer-to-peer (P2P) in the USA is a whopping $35 billion, and Surendra Jalan of OMLP2P sees a huge potential in India going forward. Small ticket loans upto Rs 500,000 have higher potential, and Jalan believes that an increase in P2P lending awareness will supplement the growth, as lack of awareness has been a major roadblock for the P2P industry. Jalan confirms the plan to disburse around ₹ 250cr in next 2 years, and also being in talks with investors to raise funds in the future.

How does auto investment works on P2P lending platforms, and its advantages

Aug 26,2020      Investing, Peer to Peer Lending, Investment, Digital Loan

It is better to invest your money instead of keeping it idle. Idle money does not generate any revenue,and you have an array of asset-classes to choose from. It is said that compounding of interest income is the eighth wonder of the world, because it works even when you are sleeping. Needless to say that P2P lending platforms are delivering much higher and stable returns on investments, compare

What should I do if I have defaulted in my Loan Repayment in past?

Aug 13,2020      Borrowing, Loan, Personal Loan, Digital Loan, Online Borrowing, Instant Personal Loan

Repaying a loan in time and keeping up with the EMIs payment is important for availing future loans and also to have competitive terms of borrowings, like lower interest rate, extended period of credit, higher amount of loan, etc. However, It's possible that due to unavoidable circumstances one may default in payment of an EMI or series of EMIs. Such defaults of payment of EMI/s is quite worrying

What is Annual Percentage Rate (APR) and its importance in Loans

Jul 17,2020      Borrowing, OMLp2p Loans, Loan, Personal Loan, Digital Loan, Online Borrowing

Annual percentage rate, commonly known as APR, is a number that represents the total cost of borrowing a sum of money from a lender. The term APR refers to the annual rate of interest charged by a lender from its borrowers for the amount he lend; the rate will be cited in % term on an annual basis. As we know, interest is the time cost of the money a borrower enjoy / a lender part with. Such in

Tax Provision, a Lenders should know about their investments (lending) on P2P Lending platforms

Jul 15,2020      Investing, Peer to Peer Lending, Investment

Many Lenders have questions in their mind regarding Tax treatment of their Income earned through investment on P2P lending Platforms. Income earned by Lenders through investing on P2P lending platforms are subject to Indian Income Tax like any other taxable interest on their deposits / loans with banks or other institutions / individuals. We have classified the Taxation related questions in 4 part

Should You Consider Borrowing from Friends and Family?

Jun 25,2020      Borrowing, Loan, Personal Loan, Online Borrowing

"Neither a borrower nor a lender be." These famous words came from Polonius, Shakespeare's chief counselor to King Claudius in Hamlet. When times are tough and money is tight, you end up having limited options of where to turn or to whom to turn to take loan to meet your requirements. If your credit score is good, and you know where to approach and you have enough time and securities, you m

Investing into Innovative assets during uncertain time

Jun 24,2020      Investing, Peer to Peer Lending, Investment

Uncertainty is an investor's worst enemy! The spread of corona virus disease COVID-19 is one of the biggest threats to the global economy and financial markets. And this has triggered panic across the world and shaken the confidence of investors. This is certainly a time where it increases the mental stress within the investors' minds with enhanced doubts regarding the longevity of equity asse

Importance of Working Capital in Business

Jun 19,2020      Borrowing, OMLp2p Loans, Digital Loan, Online Borrowing

Working capital is the capital of a business which is used in its day-to-day trading operations, calculated as the current assets minus the current liabilities. Net operating working capital is a measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities. Need of Working Capital Management Efficient working capital manag

How to start building wealth at the earliest?

Jun 18,2020      Investing, Savings, Peer to Peer Lending

It's said that the second best time to start anything is today. The best time to start was yesterday. If you didn't, make today the day. You're never too old to start building wealth, but if you start when you're young, you have far greater potential to accumulate a fortune and more time to let that fortune compound itself as you grow older. The earlier you start investing, the

Importance of having an Emergency Fund

Jun 16,2020      Investing, Savings, Peer to Peer Lending

The coronavirus (Covid-19) crisis has created chaos throughout the world. The new virus is not only deadly, if not taken adequate protections and social distancing can spread quickly to masses leading to huge healthcare problems and deaths. This has already overburden entire healthcare systems and crippled financial stabilities of many. Another side effect of the pandemic is the toll it's taki

P2P Loans: All you need to know before applying

May 22,2020      OMLp2p Loans, Loan, Personal Loan, Digital Loan, Instant Personal Loan

Practice of giving and taking of loans is as old as money itself. What's modern is the ease of comfort and scale of loaning, being afforded by the modern age technology. Ten years ago, an individual needing a loan to start a business, consolidate debt, or cover unexpected home improvements would have limited options to borrow from his or her known friends, family, and acquaintances outside of

Is Personal Loan Protection Insurance Important For You?

May 06,2020      OMLp2p Loans, Personal Loan, Digital Loan, Online Borrowing, Instant Personal Loan

Personal loans can cover everything from debt consolidation to medical bills, house renovation, children education, marriage in family, or even major life events like adoption or a wedding, business support requirements, etc. Availing loan is helpful to take care of such situation and keep the family happy and going. Also help business to handle financial challenges and boost the growth. While

6 Reasons Businesses Are Rejected for Small Business Loans

Apr 30,2020      Borrowing, OMLp2p Loans, Digital Loan, Online Borrowing

Are you looking to apply for a loan for your small business? Are you not sure if your loan will get approved? Chances are it will not get approved, as it has been observed over the years that banks are notoriously reluctant to lend to small businesses. According to a recent survey by on-deck of over 10,000 business applicants, a whopping 82% were denied financing by their bank. A small bu

Borrowing from Peer-to-Peer Lending platforms: How it Works

Apr 28,2020      Borrowing, OMLp2p Loans, Online Borrowing, Instant Personal Loan

In the new age of FinTech (Financial Technology), Borrowers has an option to borrow money for their personal as well as business requirements from Peer to peer (P2P) lending platforms. Borrowing from P2P lending platforms is much more convenient, hassle free, cost effective and with minimal documentations. What's more - no security required availing the loan. If you're in the market for a

6 Reasons: Businesses Are Rejected for Small Business Loans

Feb 17,2020      Digital Loan, Online Borrowing

Are you looking to apply for a loan for your small business? Are you not sure if your loan will get approved? Chances are it will not get approved, as it has been observed over the years that banks are notoriously reluctant to lend to small businesses. According to a recent survey by on-deck of over 10,000 business applicants, a whopping 82% were denied financing by their bank. A small business

Peer-to-Peer (P2P) Lending In 2020: The Ultimate Guide

Jan 21,2020      Peer to Peer Lending, Investment, Personal Loan, Digital Loan

What Is Peer-to-Peer Lending Peer-to-Peer (P2P) lending enables individuals to obtain personal or small business loans directly from other individuals, cutting out the financial institution as the intermediary. Websites that facilitate Peer-to-Peer (P2P) Lending have significantly increased its adoption as an alternative method of financing. Peer-to-Peer (P2P) Lending is also known as social

7 Quick Tips for Investing in Peer-to-Peer Lending

Jan 08,2020      Peer to Peer Lending, Investment, Risk - P2P Lending, Digital Loan

Peer-to-Peer (P2P) lending refers to an online marketplace through which ordinary individuals can issue unsecured personal loans to other individuals. This eliminates the intermediaries, and subsequently, the lower costs involved, make P2P lending an attractive investment opportunity. Lenders get better interest rates, and the borrowers get the loan money in a short period of time. Even though the

5 Trends In Peer-to-Peer Lending To Watch Out in 2020

Jan 03,2020      Peer to Peer Lending, Investment, Digital Loan, Instant Personal Loan

Peer to peer lending is the process of getting a loan online with minimum paperwork wherein the entire process of submission of the loan application to the final disbursement of the fund is done over the Internet. The revolution is led by innovative fintech companies and has re-defined the rules of borrowing and lending in India. The Indian Peer to Peer lending sector currently has some highly