Join as Lender
We invite you to become an integral part of our lending community, where you can grow in terms of money and can also create a meaningful impact. By joining us as a lender, you play a crucial role in empowering individuals and businesses to achieve their aspirations. With our secure platform, industry expertise, and commitment to transparency, your lending journey with Moneymela is a pathway to both financial growth and positive change. Step forward and grow by joining our lending community.
Qualifying Criteria of Lender
Begin your investment journey with Moneymela in three simple steps.
requirement
eligibility
bank proof
Travel Loan
Registration:
To become a borrower on Moneymela, individuals need to sign up through the Moneymela website and pay a one-time nominal fee of Rs 500. Once registered, borrowers receive a unique user ID and password for accessing the borrower portal.
Log in and Document Verification:
Borrower can log into the borrower portal, raise a loan application and upload the required documents, which are then verified by the Moneymela team to ensure their credit worthiness and repayment capability.
Final Loan Offer:
Moneymela’s team will sanction a loan offer to the borrower if they pass the eligibility assessment, based on the kind of loan and amount specified by the borrower in the loan application.
Loan Listing:
The finalized loan will then be listed on our marketplace for to the lenders to invest in.
Loan Agreement Signing:
Once a lender selects and finalizes a loan listing, Moneymela initiates the legal documentation process for the loan agreement between the lender(s) and borrower. Once the loan agreement is duly signed by both the parties, the loan fund will be transferred to the borrower’s account.
Tracking Loan Listings:
Borrowers can track their loan listings on their dashboard, keeping them informed about loan repayments, and due dates.
Documents
Documents required borrowers to be uploaded while registering as a borrower:
| # | Identity Proof | Accepted Documents |
|---|---|---|
| 1 | Identity Proof/Date of Birth Proof (any one of the following) | PAN Card , Adhaar Card Voter ID , Passport |
| 2 | Address Proof (Present/Permanent) (any one of the following) | Adhaar Card , Passport , Bank Statement, Voter ID Electricity Bill (within last 3 months) Post-paid Mobile Bill (Last Month) |
| 3 | Photograph | Passport size photograph (1 Copy) |
| 4 | Bank Details | Scan copy of Cheque or Copy of the front page of pass book for details of Account No and IFSC Code. Bank statement or pass book copy of Salary/operating account for last 6 Month. |
| 5 | Proof of Income | Salaried – Salary Slip for Last 3 months. Self Employed – ITR for last 2 Years. Any other document confirming income of the business of the borrower. |
