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IndiaMoneyMart - P2P Lending
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All Versions of IndiaMoneyMart
7.20
June 26, 2024
bug fixes
7.18
June 5, 2024
bug fixes
7.12
May 9, 2024
Bug fixes
7.5
April 22, 2024
bug fixes
7.4
April 22, 2024
fixed bugs
7.3
September 30, 2022
Added security feature while uploading documents.
7.2
September 14, 2022
Changes in Borrower Privacy Policy link.
7.1
September 14, 2022
Separate Terms and Agreements for lender and borrower from existing common Terms and Agreements
More7.0
May 31, 2022
Enjoy our latest update where we have fixed some bugs and improved our app to provide you a seamless experience.
More6.9
January 31, 2022
Enjoy our latest update where we have fixed some bugs and improved our app to provide you a seamless experience.
MorePrice History of IndiaMoneyMart
Description of IndiaMoneyMart
Affordable loans to credit-worthy borrowers & handsome returns to lenders
IndiaMoneyMart(IMM) is India’s favoured Peer-To Peer (P2P) platform. An RBI Registered NBFC P2P (N-13.02306) offering attractive returns to lender and affordable loans to borrower. It is a marketplace connecting creditworthy small business borrowers with investors directly. IMM’s strong fintech platform along with on-ground PAN India presence and meticulous borrower evaluation helps investors earn high returns.
IMM believes in direct sourcing, in-depth credit assessment and in-person meeting with borrowers to build a portfolio of hand-picked prime borrowers for lenders. Investor can split funds into multiple loans to minimize risk along with precise online tracking & collections support.
Reinvestment option helps build on power of compounding. Lenders get calling, email and complete relationship support.
Earn High returns in debt investment on P2P Platform and Change Lives | Invest Now
Why IMM
Trusted by 2000+ registered investors
RBI–registered, a regulated entity
Backed by marquee investors from the industry
IMM Salient Features for Lender
RBI Registered NBFC-P2P
Credit Worthy Small Business Borrowers
Loan for Productive Business Use
Direct On-Ground Assessment
Reinvestment Options Available
Immune to Equity Market Volatility
Direct Relationship with PAN India Presence
Managed by ICICI Trusteeship Services Pvt. Ltd.
No withdrawal charges
Good referral bonus
Automated Manual renewal options
100% digital account opening process
Investment amount Rs. 50,000 to Rs. 50,00,000
Documents Required - PAN Card, Aadhar Card
Eligibility Criteria: A person should be an adult Indian citizen with a valid KYC and Indian bank account to become an investor on the platform.
NRIs with NRO account and Indian PAN are also eligible to be investor on Platform.
IMM Salient Features for Borrower
Average tenure 24 months, Max 36 months
Annual Percentage Rate (APR): 18 - 25%
Processing Fee: 2 – 5% of loan amount (+ GST of 18%)
Loan Amount: Rs. 50,000 - Rs. 5 Lacs.
Registration fees: Rs. 500 + GST of 18%
A representative example of the total cost of a loan:
For Rs.50,000 borrowed for 12 months, with interest rate @ 20% per annum reducing and Processing fee of 2% a borrower would pay:
Processing fee: Rs. 1180 (Incl GST)
Registration fee: Rs. 590 (Incl GST)
EMI (Monthly Repayment) =Rs. 4632*12 months
Total Interest Paid = Rs.5580
Total Amount to be paid =Rs.57,350
Interest Rate may vary based on your risk profile
To know more about us check out - https://www.indiamoneymart.com
Please reach out to us with your queries and feedback at support@indiamoneymart.com
Regards,
Team IndiaMoneyMart
Risk Disclaimer:
P2P investment is subject to market risks. Investment decisions taken by a lender based on this information are at the discretion of the lender
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IndiaMoneyMart: FAQ
No, IndiaMoneyMart is not available for iPad users yet.
The IndiaMoneyMart app was made by Fair Vinimay Services Private Limited.
The minimum supported iOS version for the app is 13.0.
With a rating of 5.0 out of 5, IndiaMoneyMart is one of the top-rated apps in its category.
The Main Genre Of The Indiamoneymart App Is Finance.
7.20 is the latest released IndiaMoneyMart version.
The last update for IndiaMoneyMart was on July 3, 2024.
IndiaMoneyMart was first released on February 5, 2023.
This app is appropriate for all ages, with no offensive or inappropriate content.
IndiaMoneyMart is available in English.
No, IndiaMoneyMart is not featured on Apple Arcade.
No, IndiaMoneyMart does not include options for in-app purchases.
No, you cannot use IndiaMoneyMart with Apple Vision Pro.