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i-lend is an online Lending marketplace connecting people who need money with people who are willing to lend. The i-lend business model works on a peer-to-peer concept. We let lenders and borrowers agree on terms of the transaction. This means the interest rates are determined by the borrowers and lenders and not i-lend. i-lend only charges a fixed transaction fee. Unlike banks, i-lend does not make any money over the difference, in lending or borrowing rates.

How does it work?

Individuals register themselves on i-lend as borrower or lender. Registration includes providing information such as personal, professional, financial details which i-lend verifies. We also require documents to be submitted to verify the information provided by individuals. In addition to this, i-lend verifies information through other available resources. This is in line with the KYC norms set by RBI and followed across the BFSI sector.

All approved borrowers and lenders listing is then published on the site. Lenders can view borrower loan listing which includes information such as loan purpose, why should lenders make offers to them, personal, professional and financial information that allows lenders to make an informed decision before lending to a borrower.

Borrowers can receive offers from multiple lenders and similarly, lenders can lend to multiple borrowers thereby diversify their risk. Once a borrower loan is 100% funded, the loan is disbursed.

Loan disbursals involve loan agreement between borrower and lender, money transfer from the lender to the borrower for the loan amount and EMI transfer from borrower to the lender.

i-lend's role

Fees & Charges:

i-lend charges registration fee from borrowers and transaction fees from both lenders and borrowers. Details of the various charges can be seen here.


i-lend is only a marketplace connecting borrowers and lenders to facilitate a loan transaction between them. i-lend does not guarantee borrower loans nor does it guarantee repayments to lenders. However, i-lend does a thorough check including but not limited to document verification, accessing Credit reports and other data sources on both the borrowers and lenders before approving them on the site.

Please read our legal agreements for more information on the registration agreement, privacy policy and terms of use.