Registration and Loan Listing
To register, click on the ‘Sign-Up’ option. Enter the information required and pay the registration fee.
You will also need to upload few documents, which will be verified by us within 24 to 48 hours. Once the verification process is complete, you will be notified of your successful registration and your profile will go live for the loan to be listed.
At loanbaba.com, borrowers have the option of choosing from multiple lenders. All the lenders at loanbaba.com undergo strict security checks. Lenders are made aware of the loanbaba.com’s P2P lending policy and only then allowed to register. The lenders bid lowest rate of interest to have the borrowers borrow from them. Thus, the borrowers have multiple options and can choose the one that best suits their requirements.
Thus, in this reverse auction model, the lenders bid to provide loans to the borrowers as soon as it is listed. This is significantly different from the traditional model and provides borrowers with the choice to accept or reject the lender’s offer.