i2iFunding - Investor's App 11.5.6

i2iFunding Investor’s App Review

The i2iFunding Investor's App provides a platform for individuals interested in peer-to-peer (P2P) lending, allowing them to become registered investors and potentially earn substantial returns by lending to verified borrowers.

P2P Lending - An Investment Opportunity

• Potential returns of up to 18% on investment
• Diversification of risk by lending to multiple borrowers
• Consistent income generation through monthly EMI payments

About i2iFunding:

Founded in October 2015, i2iFunding is a pioneering fintech startup in the Indian P2P lending landscape. The platform has experienced rapid growth and is recognized as one of the more secure, trusted, and innovative options in the sector. i2iFunding is registered as a Non-Banking Financial Company (NBFC) under the Reserve Bank of India, with the certificate of registration number N-12.00468.

App Features:

• A straightforward application process for potential investors
• Access to profiles of verified borrowers ready for funding
• Overview of investments and alert notifications for new opportunities
• Auto Invest option for hassle-free fund deployment

Sign-Up Process:

1. Provide personal details including PAN, Aadhar number, mobile number, and email address.
2. Pay a registration fee of Rs. 590 (Rs. 500 plus 18% GST; non-refundable).
3. Submit address and employment information.
4. Upload PAN card and address proof.
5. Provide bank account details for transaction purposes.

Investment Amount Limits:

After registering, investors can invest up to Rs. 50,000 without incurring additional fees. The maximum allowable investment per borrower is Rs. 50,000, while the overall limit across all P2P platforms is capped at Rs. 50 lakhs.

Investment Process:

1. Create an Investor Account via the web or mobile app.
2. Transfer funds to an escrow account (non-interest bearing) to initiate investment.
3. Establish Auto Investment rules based on personal preferences.
4. Review 'Active Borrowers' and consider manual investments if Auto Investment is not applied.
5. Select borrowers based on risk tolerance and investment goals, then commit to lend by specifying the investment amount.

Repayments and Monthly Cash Flow:

Repayments are automatically deducted from borrowers' accounts each month via NACH mandate. The total amount collected in the Repayment Escrow Account is subsequently allocated to investors’ accounts, ensuring timely cash flow from investments.