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Just starting with investment? Clear your doubts and take that first step with CONFIDENCE!
Curious about how peer to peer lending works? Read to know more:
Want freedom from tension of tracking when and where to invest. Read to know more.
We know you worked hard for the money, that is why we take the utmost care of your investments. Learn More
Redemption Through Secondary Market
Know how you can transfer your rights on future receivables to a new investor
Tutorials to help you out
Lear how to get started investing with monexo
Lear how to get started investing with monexo
Lear how to get started investing with monexo
Lear how to get started investing with monexo
You can just open one account but that’s all you need! With this account you can fund several loans and have a dashboard view of your loan portfolio.
At Monexo, the initial amount required for lending is Rs. 10,000/-
Peer to Peer lending, like other asset classes, works best with portfolio diversification. With an initial investment of Rs. 10,000, you can build a lending portfolio across 10+ loans which ensure investment risks are largely minimized – enabling you to enjoy high yields consistently. Smaller investments result in the concentration of portfolio across fewer loans and hence do not provide for sufficient levels of diversification. Hence, initial investment of less than Rs. 10,000 is NOT recommended.
Monexo is an RBI regulated NBFC.
As a platform enabling financial transactions, we believe in dealing with Individuals who are NOT on Government Blacklist for involvement in any illegal activities. Furthermore, we support the efforts of the Indian Government to combat money laundering. We are able to carry out the required checks thanks to the documents you submitted.
Finally, your documents are stored electronically with high level security.
You can transfer funds to Monexo through any of the following options:
As per RBI guidelines as amended upto October 5, 2021
(https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11137)
The following limits are applicable to any person lending on P2P platforms:
By agreeing Monexo T&C’s you are agreeing to the above.
Monexo will be originating borrowers with following broad characteristics:
We believe P2P lending is about ‘credit inclusion’ at fair terms of interest.
Every loan application received by Monexo is screened and given a Monexo Rating.
Conservative, Moderate and High Risk are the ratings with Conservative being the best. The interest rate associated with these ratings will vary based on Monexo’s policy.
Once the loan listing is approved, the Monexo Rating is displayed in the marketplace along with the loan listing details for you to view.
Do note that Monexo Ratings are not a guarantee from Monexo on the performance of the loans.
All investments involve risk, but we are 100% committed to providing outstanding products and customer service, and protecting the safety and security of your personal information. Risks are addressed through:
Monexo has also partnered with CRIF Highmark Bureau in India and built a proprietary credit scoring model based on decades of payment behaviour by millions of Indian consumers to financial institutions in the past. This scoring predicts the probability of repayment by the borrower.
Diversification is an important feature in peer-to-peer lending. It gives you the ability to lend small amounts to different loans instead of funding one loan in entirety without the administrative hassle of managing these small loan amounts. By diversifying the amount that you lend to a number of borrowers, your risks are reduced.
On Monexo marketplace you can lend as little as ₹ 1,000 per loan thus with ₹ 1,00,000 you can have 100 different borrowers in your portfolio with different risk profiles and tenor of repayment.
Instead of funding an entire loan, you can participate by funding parts of loans.
You may choose to spread your money across several loans in order to create a diversified portfolio. Using sort & filter functions, you can balance the risks & returns and build a loan portfolio that suits your goals. You can choose a mix of different loan products, loan amounts, tenors, Monexo ratings and purpose of loan etc.
The current minimum amount you can lend on a loan application is ₹ 1,000. You can fund a loan in multiples of ₹ 1,000. This can change in the future, in that case our website will be updated with the new amount.
New Loans are listed on a daily basis. Please login to the Mobile App to check for new listings.
Once the loan is listed on the marketplace it will start showing in the “Primary Market” tab in the app.
We also recommend you to opt for Auto Invest ( Please read more about Auto Invest in the next tab)
You manage your own money.
Monexo App gives you flexibility to withdraw your available balance (un invested balance) at any point of time. You need to login to the app and place a withdrawal request. The withdrawal request received between Monday to Friday before 3 pm are processed on the same day, except banking holidays.
By reinvesting your funds in the marketplace, you will earn better yields.
The borrower has the option to prepay the balance loan amount, provided he/ she intends to repay 100% of the amount due (including the interest due till date) in one go before the due date. There is no penalty or charge to the borrowers for prepayment. On receiving the balance amount from the borrower, your portion of the repayment received will be added to your available cash balance in your escrow account.
However, partial prepayments are not allowed.
The borrower has the option to prepay the balance loan amount, provided he/ she intends to repay 100% of the amount due (including the interest due till date) in one go before the due date. There is no penalty or charge to the borrowers for prepayment. On receiving the balance amount from the borrower, your portion of the repayment received will be added to your available cash balance in your escrow account.
However, partial prepayments are not allowed.
Monexo Auto-Invest is a feature that helps you to automatically invest in loan listings without manually viewing and funding each loan. All you need to do is choose your lending criteria that will be applied each time, loans get listed in the marketplace. If the loans match your criteria, your order will be placed.
With Monexo Auto – Invest you can setup your own lending criteria based on desired diversification & risk/ return expectations. You keep control and have the flexibility to change criteria any time. You can continue to manually fund loans while you are a user of Monexo Auto-Invest.
When you turn on Auto – Invest, the funds available in your escrow account are queued for funding the loans in the marketplace. We call this queue as the Investment Queue.
Monexo Auto-Invest engine runs daily at 10am IST, 12 noon IST, 3pm IST and 8pm IST. It finds those loans that are listed in the marketplace that meet lending rules of investors that have opted for auto-invest. It checks the cash balance of these investors.
It funds loans automatically these investors based on FIFO (First In First Out) method i.e. the funds which are queued first will be used first to fund loans
The secondary market is the mechanism which allows lenders to sell their Investment Orders. Lenders (assigners) can sell (assign) the balance amount in Investment Order on the secondary market to others lenders (assignees) when they buy it.
The Monexo Secondary Marketplace cannot provide a guarantee that Investment order will be sold as it depends on availability of the buyer. However, under ordinary market conditions, the secondary market typically sells Investment Order within a few days. The proceeds from the sale of Investment Order are credited to seller escrow account
The Monexo secondary market is open to all Active lenders of Monexo. Any person registered at Monexo as a lender and have deposited at least 1L rupees in the escrow account is the active lender. Individuals registered as borrower with Monexo cannot participate in Monexo Secondary Marketplace.
Currently, Investment Orders with late payments or defaults cannot be listed on marketplace.
No, neither the buyer (assignee) nor the seller (assigner) can cancel a secondary market transaction.
The listing to sell gets cancelled in 2 scenarios – either if the listing duration of 72 hours is complete or if during the listing the loan status has changed from current to overdue.
IDBI Trusteeship Services Limited (ITSL) is a third party administrator. Monexo is the pioneer in India to bring this global best practice.
ITSL serves a key role in holding funds and executing orders of investors and borrowers. Your money is in your control through the ITSL escrow account. By keeping an arm’s length from the funds of investors and borrowers, Monexo provides the following safeguards to its customers:
(a) Monexo will not be able to use customers’ funds for internal operation or other matters and
(b) It serves as a business continuity plan in case Monexo ceases to operate
An important aspect of Monexo’s offering to customer is the seamless online and swift fulfilment of borrowers and investors need through ITSL. By this mechanism, borrowers and investors do not interact directly with each other for exchange of funds and maintain their anonymity. This also benefits the borrowers as they will receive a single credit into their bank account with the full loan amount instead of getting multiple credits from each lender who has committed funds to his loan.
Do note, ITSL simply acts as an administrator and does not guarantee your investment in any way.
All borrowers are required to provide auto-debits to their bank account for their monthly repayments. They are given monthly email reminders prior to their payment due date.
The borrower is given 2 days grace period from the EMI due date to make the payment.
If the borrower does not transfer money within the grace period, reminders are sent by email and phone calls.
Monexo follows screening criteria for approving borrowers. However, Monexo cannot guarantee repayment of loans as borrowers may miss repayments due to various reasons.
When a borrower misses a payment, Monexo makes reasonable efforts as permitted by RBI regulations to collect outstanding payments. Regular follow up with the borrower is done by Monexo for overdue amount.
When the overdue is for more than 30 days, it is referred to an approved collection agency / law firm / an arbitrator to facilitate collection of the overdue amount on your behalf. The fees payable to the collection agency is borne by Monexo and in lieu of this the late payment fee and penal charges collected from borrowers will be appropriated by Monexo to meet the costs.
In case of an Investor desires to withdraw his investments, he can do so by transferring his rights on future receivables to a new investor by listing his loan Investments in all loans which are having no overdue in the Monexo Secondary market. He will be able to realise the balance principal on the date of redemption and the unrealised interest till the date of redemption.
You can redeem your loans which are older than 6 months from the date of Initial fund transfer. e.g., if you have transferred funds to Monexo’s Escrow A/c on 17/11/2023 you are eligible to redeem the loans at 17/5/2024.
The minimum holding period for each loan is 90 days.
Monexo does not charge any exit fees from the Investor at present.
Step 1: Disable the Auto Invest feature, (If turned ON) by going to the menu option in the Top right-hand corner of the screen
Step 2: Go to the Profile Icon in the top left corner of the app -> Click on Redemption
Step 3: Proceed and select the number of loans you want to redeem.
The redemption proceeds will be added in your Monexo investment wallet account. You can immediately apply for withdrawal from logging to your app. Normally it takes 24 hrs to credit your bank account in normal banking business day.
You will receive communication through Email / WhatsApp with the following details
i. Total loans opted for redemption:(Count and Amount)
ii. Total Loans redeemed: (Count and Amount)
iii. Loans remaining for redemption: (Count and Amount)
The Interest already earned by you on the Investment will be recalculated as per the below Table. The excess, if any, will be reduced from the principal balance and the resultant amount will be eligible for withdrawal
| Investment Duration | Revised XIRR |
|---|---|
| 90 -180 Days | 6% |
| 180-270 Days | 7% |
| 271-364 Days | 8% |
| >364 | Applicable rate as per your investment |
| Up to 5 Lakhs | Post 6 months |
| 5 to 10 lakhs | Post 4 months |
| 10 to 25 Lakhs | Post 1 month |
| 25 Lakhs and above | Immediate |
Redemption feature is enabled after 6 months from your first fund transfer date. e.g., if you have transferred funds to Monexo’s Escrow A/c on 17/11/2023 you are eligible to redeem the loans on or after 17/5/2024.
Step 1: Disable the Auto diversify feature, (If turned ON) by going to the menu option in the Top right-hand corner of the screen.
Step 2: Go to the Profile Icon in the top left corner of the app -> Click on Redemption.
Step 3: Proceed and select the number of loans to be redeemed.
Step4: Re – enable the Auto Invest feature once the redemption process is completed. Else, the remaining funds in the respective investor`s account will not be invested in loans, resulting in low yield.
The redemption proceeds will be added in your Monexo investment wallet account. You can immediately apply for withdrawal from logging to your app. Normally it takes 24 hrs to credit your bank account in normal banking business day.
Yes, transfer fee will be applicable based on the vintage of the investor who has transferred the funds to Monexo.
The charges are as per below table:
| First fund transfer date (Months) | Transfer fee % |
|---|---|
| 06 to 12 | 5% |
| 12 to 15 | 4% |
| 15 to 18 | 3% |
| 18 to 24 | 2% |
| 24 to 36 | 1% |
| >36 | 0.50% |
Investor will receive a communication through email after 72 hours with the following details
P2P (peer to peer) investments allow you to lend directly to qualified borrowers, eliminating the need for a middleman such as banks or traditional NBFCs. P2P NBFCs such as Monexo facilitate transactions between qualified borrowers and willing investors.
The entire process is online, using technology to lower the cost of borrowing and pass the savings back in the form of lower rates for borrowers and solid returns for investors.
Customers interested in a loan need to complete a simple online application form through www.monexo.co/in
Monexo screens the information, determines an interest rate and presents back loan offers to the borrower. On borrower acceptance the loan is listed in the Monexo marketplace.
Investors – ranging from individuals to institutions – select loans in which they want to participate and can earn monthly returns.
We are 100% committed to providing outstanding products and customer service. During the whole process Monexo has implemented industry best practices for protecting the safety and security of your personal information. For example: we have the same level of SSL encryption as used by banks and we send OTP (One-Time Password) when you initiate a transaction on Monexo.
Beyond, Internet security, Monexo is the 1st Indian Online P2P lending marketplace that has implemented Global best practice of appointing TPC (Third Party Company) to be an independent custodian of lender funds.
We take security and privacy seriously.
We use sophisticated physical, procedural, technical and logical safeguards to ensure the security of your information.
The Secure Sockets Layer (SSL) seal that you see on our website indicates an encrypted connection.
Additionally, we have anti-malware protection which constantly monitors the system for potential attacks.
We ensure password safety with stringent rules defined for passwords.
We have embedded 2-factor authentication in our process where the customer has to enter a One Time Password (OTP) that he receives on his mobile phone on submission of application form. Additionally, every time a lender funds a loan in the marketplace, he/ she is required to fill in the OTP received.
No. This is a pure loan in which you are the lender and the person who is receiving the funds is the borrower. Monexo has created this marketplace to connect smart and savvy lenders to smart borrowers.
Once you are an approved Investor, you need to transfer a minimum amount of ₹ 1,00,000 into the escrow account. All bank charges will be borne by you. Once we sight the funds in the escrow account, the same will be reflected in your account details in the Monexo marketplace.
There are 2 ways to transfer funds to your Monexo Escrow Account :
Via bank transfer (IMPS/NEFT/RTGS) and the details of bank account are as below :
| Account Name | Monexo Fintech – Lender Funding Escrow Account |
|---|---|
| Account Number | 10000781341 |
| Account Type | Current Account |
| Bank Name | IDFC Bank Limited |
| IFS Code | IDFB0040101 |
| MICR Code | 400751002 |
| Bank Address | IDFC Bank Limited, Naman Chambers, C-32,G-Block, Bandra-Kurla Complex, Bandra East, MUMBAI-400051 |
Please note the following:
Share UTR no. to lend@monexo.co from your registered email ID
The transfer of the funds should be from the bank account mentioned in your lender application.
The funds will be credited to your account after clearance of your cheque proceeds.
WE DON’T ACCEPT CASH DEPOSIT.
Please use your Monexo Customer ID as a transaction reference
Still can’t find what you’re looking for?
Just reach out to our customer support
Monexo Investor App
Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by Monexo, and does not provide any assurance for repayment of the loans lent on it.
Monexo Fintech Private Limited (www.monexo.co) is having a valid certificate of registration (CoR), dated 28th June 2018, issued by Reserve Bank of India under Section 45 IA of the Reserve bank of India Act, 1934.
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