Loan platforms: who lends behind them
Brokers and loan marketplaces collect your application and pass it to banks and NBFCs. They are intermediaries, not lenders. For each platform we show who runs it, which lenders it names and what it charges you.
The platform list is being prepared
We add a platform only after checking who runs it and which lenders it works with. No platform has passed that check yet.
Before you apply through a platform
- Find the lender’s name.
The Key Facts Statement must name the bank or NBFC. Check an NBFC in the RBI list of NBFCs.
- Pay nothing to the platform up front unless it is in writing.
Fees for the loan belong in the KFS. Ask what the platform itself charges and get it in writing.
- Check where the money comes from and goes to.
The loan is paid into your bank account and repaid directly to the lender’s account.