Cryptocurrency Q&A
What is the maximum limit for P2P lending?
What is the maximum limit for P2P lending?
CryptoGladiatorGuard
Sat Dec 14 2024
|
7 answers
1495
I want to know the maximum amount that can be lent or borrowed in a peer-to-peer (P2P) lending transaction. Is there a specific limit set by law or by the P2P platforms themselves?
7 answers
Ilaria
Mon Dec 16 2024
The Reserve Bank of India sets a cap on the total amount a lender can expose to borrowers across various P2P platforms.
Was this helpful?
276
92
Chloe_martinez_explorer
Mon Dec 16 2024
Specifically, the limit is set at INR 50 lakh.
Was this helpful?
252
78
Giulia
Mon Dec 16 2024
This regulation aims to safeguard the interests of lenders and prevent excessive risk exposure.
Was this helpful?
169
40
SumoPowerful
Mon Dec 16 2024
For lenders whose total lending exceeds INR 10 lakh, there is an additional requirement.
Was this helpful?
276
41
TaekwondoPower
Mon Dec 16 2024
P2P lending has certain limitations.
Was this helpful?
349
41
Load 5 more related questions
