RBI allows lenders to finance larger amounts on P2P platforms
However, a lender cannot give more than Rs 50,000 to the same borrower across all P2P platforms, at any point in time.
For borrowers and lenders using peer-to-peer (P2P) platforms, the RBI has given reasons to cheer. The regulator has increased the lending cap for each individual lender from the current Rs 10 lakh to Rs 50 lakh. You can borrow money for short-term requirement
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