Yes, P2P lending is legal in India. In 2017, the Reserve Bank of India (RBI) published the Master Directions for NBFC-P2P (Non-Banking Financial Company-Peer to Peer) Lending Platform, which governs the operation of P2P lending platforms in India.
Lendbox is an RBI licensed NBFC-P2P marketplace platform where willing investors interact with pre-verified creditworthy borrowers to lend short to medium term unsecured loans.
Tap Reserve powered by Lendbox is a P2P investing offering by Tap Invest. Start with Rs.5,000 & earn up to 12% returns p.a.
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