The Ultimate Directory of P2P Lending Platforms in India (2026)
Welcome to the most comprehensive reference guide for Peer-to-Peer (P2P) lending in India. As of May 2026, the P2P landscape has evolved from a niche fintech experiment into a multi-billion dollar alternative credit ecosystem regulated strictly by the Reserve Bank of India (RBI).
This directory lists over 50 platforms, including official NBFC-P2P license holders, major investment gateways, and specialized niche lenders. We have sorted and categorized them based on their Assets Under Management (AUM), historical performance, and regulatory status.
📚 Directory Navigation
| Part | Focus | Key Platforms Covered |
|---|---|---|
| Part 1: The Industry Giants | Market Leaders | LenDenClub, LiquiLoans, Faircent, Lendbox |
| Part 2: High-Yield & Mid-Tier | 12-18% Yields | IndiaP2P, i2iFunding, Finzy, RupeeCircle |
| Part 3: Specialized & Niche | Business & Micro-loans | Cashkumar, i-Lend, Monexo, PaisaDukaan |
| Part 4: Social Impact Lending | Purpose-Driven | Rang De, Kiva Partners |
| Part 5: The New Entrants (2025-26) | Recent Licensees | 1 Finance P2P, 5Paisa P2P |
| Part 6: Investment Gateways | Apps & Aggregators | CRED Mint, MobiKwik Xtra, BharatPe 12% Club |
| Part 7: Performance Analysis | The Numbers | NPA Comparison, AUM Rankings, Return Tiers |
| Part 8: The Master List (50+ Platforms) | Complete Directory | Full A-Z Registry of all Indian P2P Entities |
🔍 Why This Directory Exists
P2P lending in India is a "buyer beware" market. While platforms are regulated, your capital is at risk. This series aims to:
- Verify Legitimacy: Distinguish between RBI-licensed entities and unregulated "loan apps."
- Benchmark Performance: Compare Non-Performing Asset (NPA) rates across platforms.
- Audit Scale: Show which platforms have the "skin in the game" with large AUMs.
- Educate on Nuance: Explain the difference between manual lending and automated "FMPP" style plans.
⚠️ Mandatory Disclaimer
Peer-to-Peer lending is an unregulated-return investment. Unlike bank deposits, your principal is NOT insured by DICGC. RBI registration of a platform does not guarantee repayment of the loan. Always diversify across hundreds of borrowers to mitigate risk.
Next Part: Part 1: The Giants — LenDenClub, LiquiLoans, Faircent, and Lendbox
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