Cashkumar Lenders - P2P Investments in India

Cashkumar Lenders - P2P Investments in India is an Android Finance app from developer Cashkumar, designed for people who want to invest through peer to peer lending in India. According to its description, the app gives lenders access to this asset class, in which individuals and businesses borrow funds from investors through an online platform. The listing describes version 1.0.4.

Spreading small amounts across several borrowers

The description says lenders can choose which borrowers to fund and can advance small amounts to multiple borrowers instead of funding one loan at a time. The developer presents this as a way to spread risk and diversify an investment portfolio. The listing does not state minimum or maximum investment amounts.

Reviewing borrower profiles and loan underwriting

The app provides borrower profiles for lenders to review before investing. The developer links this review to better-informed investment decisions. The description also says Cashkumar analyses borrowers who apply for loans through a three-stage loan underwriting process, which it describes as using industry best practices along with newer methods. The listing does not explain what each stage involves, so the specific checks cannot be confirmed from the description.

Regulatory status as an NBFC-P2P platform

The description states that Cashkumar is licensed by the Reserve Bank of India as an NBFC-P2P platform. The developer presents this licence as a basis for trust and confidence among lenders. The text does not include a licence number, so readers who want to confirm the registration will need to check it through their own sources.

Investment periods, stated returns, and eligible borrowers

The listing says the investment period ranges from 15 days to 12 months, depending on the loan type. It also states that the annualized rate of returns for investments through Cashkumar ranges from 11% to 24%. These figures come from the developer's own description and are not independently verified here. The description does not present them as guaranteed. According to the listing, eligible borrowers include salaried individuals, SMEs, and self-employed individuals.

Registering in the app

The description invites users to register in the app and states that more than 2,000 lenders are already registered on the platform. The listing does not describe the registration steps, identity verification, or the process for funding a loan, so those details are not covered in this profile.