Borrowers FAQs
General questions:
Any business that supplies goods/services companies can avail the bill discounting services provided. Eligibility and amount of discounting is governed by the creditworthiness of the business and therefore they should be willing to share their financial information and other related documents.
As per RBI guidelines, a borrower can avail only INR 10 Lacs from all P2P platforms put together.
It could be either individual/multiple.
How It Works
Applying for a loan through Flexi P2P is efficient. You can complete the entire process online:
- Register as a borrower
- Upload the documents required online and submit your loan application for review
- Flexi P2P will review your loan application and once approved, the amount is disbursed within hours
FlexiP2P is a platform for invoice discounting that offers business owners to sell invoices. Business owners seeking advances on their invoices from reputable institutions can utilize the platform to sell these unpaid invoices at competitive rates.
No, to avoid confusions and maintain lender interest, we do not make changes to a listing after it has been made live on the website.
Invoice Discounting
After your profile is credit approved, the discounting of invoices may take as low as 24 hrs for approval.
Through invoice discounting, you can avail instant liquidity/working capital - which can be used for further raw material purchases and business expansion.
No; there are no penalties for early repayment of invoices.