QUESTIONS & ANSWERS
Frequently Asked Questions
Neena Impex Private Limited is an online platform which connects individuals in India seeking to borrow money with fellow Indians willing to lend money. It conducts thorough analysis of credit profile of borrowers, post which select profiles are then presented to investors for lending.
A borrower should meet the following conditions:
- A resident of India;
- Should be above 21 years and below 60 years;
- He should have a valid bank account and a valid PAN number;
- His income should be higher than 25,000 per month.
A borrower can borrow for 1 month to 36 months.
A person of strong credit profile, preferably living in own house, will add immense value as a guarantor. Guarantor has to provide his PAN Card and sign on the loan agreement.
Repayment is done monthly and is based on standard computation of EMI. Loan schedule is part of the loan agreement.