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Registered with RBI

CoR No. N - 13.02258

Fees & Pricing

Transparency is the plinth on which our foundation is laid. As a online p2p lending platform, we play a key role in liaising with quality investors, screening and credit risk assessing of the loans, verification, document collection and loan monitoring. We verify and track every step of the loan process, ensuring the online money lending process is smooth and transparent. We make borrowing online unsecured loans easy, fast and hassle-free.

Fees & Pricing


particulars Borrower Lender
A) Registration Fee Rs. 500 Rs. 500
B) Loan Processing Charges for Borrowers Varies from 1% - 10% of Disbursement Amount NIL
C) Disbursement Processing Charges for Lenders NIL 1.5% on committed investment below Rs. 5,000 and 1% on committed investment of Rs. 5,000 and above
D) Change in Bank Account Details Rs. 1,000 Rs. 100
E) Change in email id and contact number Rs. 100 Rs. 100
F) Change in EMI Date for Borrower Rs. 500 NIL
G) Prepayment Charges 4% of principal outstanding due with effect from 1st Jan 2020
(Prior to three months, to protect investor interest, pre-closure can be done after paying balance interest due to the investors for a period of three months from the date of disbursal.)
H) Cheque Bounce Charge Rs. 500 NIL
I) Repayment Delay

3% per month interest will be charged on the due amount for the duration of the delay or Rs. 250, whichever is higher. In addition Rs. 1,000 will be charged for each delayed EMI by the Platform. All expenses including legal and operational incurred by OMLp2p for collection of delayed EMI or settling of account will be borne by the borrower and paid to OMLp2p.

J) Request for Change in Loan Terms After Any Funding Commitment Rs. 1,000 NIL
K) Lender Backing off After Commitment NIL Rs. 2,000
L) Documentation Charges Rs. 1,000 NIL
M) Guarantor Inclusion (documentation and verification charges) Rs. 500 (Currently waived off) NIL
N) Charges for Statement of Accounts Rs. 500 NIL
O) Wallet Withdrawal Charges: NIL First 3 withdrawal requests in a month will be free.
For any additional withdrawal request after first 3 requests, your OML wallet will be debited with withdrawal charges of Rs. 30 per request.
P) Risk Grade Definition: OML credit appraises borrowers based on information provided by them and uses standard credit appraisal methodologies to segment into seven bands. For personal loan applications, bands range from P1 to P7, (P1 -Lowest Risk, P7-Highest Risk). For business loan applications, bands range from B1 to B7 (B1 -Lowest Risk, B7-Highest Risk).
Personal Loan Risk Grades
Prime P1
Very Low Risk P2
Low Risk P3
Medium Risk P4
Medium to High Risk P5
High Risk P6
Very High Risk P7
Business Loan Risk Grades
Prime B1
Very Low Risk B2
Low Risk B3
Medium Risk B4
Medium to High Risk B5
High Risk B6
Very High Risk B7

Note -

  1. All fees and charges are non-refundable and applicable GST charged over and above fees mentioned
  2. Changed Fee and Charges are applicable for all loans listed from 1st Aug 2019
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