Top RBI Approved P2P Lending Companies in India for 2026

Peer-to-peer (P2P) lending is a fast-growing alternative investment option in India that allows investors to earn higher returns by lending directly to borrowers through RBI-approved platforms.

In this article, we list the top RBI-approved P2P lending companies in India for 2026, along with a comparison table, risk insights, and suitability guidance.

What Makes a P2P Lending Platform “Best”?

The following are some of the key identifiers that make a P2P lending platform best:

• RBI NBFC-P2P registration
• Transparency in NPA/default numbers
• Return performance for investors
• Borrower quality & due diligence
• Platform security & trustworthiness
• Ease of investing & user experience
• Liquidity support (subject to allowance)
• Diversification features

Top 10 P2P Lending Companies in India 2026

For all those who were searching for the best P2P lending platform in India, top P2P platforms, P2P investment apps, IndiaP2P review, LenDenClub review and other such terms, then the following is for you:

1. LenDenClub (Club Finance Pvt Ltd)

• Category: Largest P2P lender in India
• RBI Status: NBFC-P2P registered
• Best for: Beginner investors, diversified lending
• Why it’s top: Huge user base, simple app, multiple investment products
• Key Highlights:
  • India’s biggest P2P lending platform in terms of active users
  • AI-based risk diversification
  • Multiple investment options for small-ticket investors
  • Transparent NPA reporting

2. Faircent (Fairassets Technologies India Pvt Ltd)

• Category: Oldest P2P platform in India
• RBI Status: NBFC-P2P
• Best for: Experienced investors
• Key Highlights:
  • India’s first large-scale P2P lender
  • Detailed borrower profiling
  • Transparent return charts

3. Lendbox (Transactree Technologies Pvt Ltd)

• Category: High-yield P2P platform
• RBI Status: NBFC-P2P
• Key Highlights:
  • Innovative lending products
  • Better risk-return balance
  • Known for strong collections and analytics

4. IndiaP2P (IndiaP2P Fintech Pvt Ltd)

• Category: Women-focused, data-driven lending
• RBI Status: NBFC-P2P
• Key Highlights:
  • Strong focus on micro-entrepreneurs
  • Lower NPA ratio
  • Smart diversification tools

5. RupeeCircle (Fintelligence Services Pvt Ltd)

• Category: Tech-driven borrower risk scoring
• RBI Status: NBFC-P2P
• Key Highlights:
  • Detailed credit analysis
  • Reliable borrower base
  • Simple onboarding

6. i2iFunding (i2iFunding Digital Pvt Ltd)

• Category: Moderate risk, stable lender returns
• RBI Status: NBFC-P2P
• Key Highlights:
  • Grade-wise risk segmentation
  • Secondary market for better liquidity
  • Strong customer support

7. Finzy (Bridge Fintech Pvt Ltd)

• Category: Premium borrower lending
• RBI Status: NBFC-P2P
• Key Highlights:
  • Focus on high-credit-score borrowers
  • Smooth interface
  • Good return track record

8. Cashkumar (Cashkumar Fintech Pvt Ltd)

• Category: Working professional borrowers
• RBI Status: NBFC-P2P
• Key Highlights:
  • Instant personal loan disbursal
  • Good for lenders seeking short-term lending cycles

9. i-Lend (Dipamkara Web Ventures Pvt Ltd)

• Category: Transparent financial reporting
• RBI Status: NBFC-P2P
• Key Highlights:
  • Clean user dashboard
  • Verified borrower base
  • Simple investing process

10. Mobikwik Xtra (A Mobikwik Initiative)

• Category: P2P-backed investment for small investors
• RBI Status: Partnered with NBFC-P2P
• Key Highlights:
  • Micro-investment friendly
  • App-based lending
  • Popular among Gen-Z

Comparison Table: Top P2P Lending Platforms in India (2026)

The following table shows the top P2P lending platforms in India in 2026:

Is P2P Lending Safe in 2026?

Yes, P2P lending is legal and regulated, but NOT risk-free. Make sure you do your transactions from RBI approved P2P lending companies:

Safe because:

• Platforms are RBI-regulated (NBFC-P2P)
• Borrower limits, lender caps, and transparency norms
• Mandatory credit checks

Risks still exist:

• Borrower defaults
• Liquidity risk
• Platform quality varies

We strongly recommend that you choose only RBI approved P2P lending companies

Who Should Use These P2P Lending Platforms?

The following category of people should use P2P lending platforms:

Best For:

• Investors seeking higher returns
• People who are okay with moderate risk
• Small-ticket investors starting with ₹500–₹1000
• Borrowers needing quick digital loans

Not Good For:

• Ultra-conservative investors
• People expecting guaranteed returns
• Investors who need instant liquidity

Suggestion: If you want to know more about P2P lending and how the entire system works, then do read our detailed guide on Peer-to-Peer (P2P) Lending in India.

Conclusion

In 2026, the top P2P lending platforms in India offer exciting opportunities for passive income, high returns, and alternative investment diversification. While P2P lending is regulated by the RBI, it still carries risk, so choosing the right platform matters.

Platforms like LenDenClub, Faircent, Lendbox, IndiaP2P, RupeeCircle, and Finzy continue to lead India’s P2P lending revolution.

If you invest smartly and diversify widely, P2P lending can become a strong addition to your investment portfolio in 2026, but make sure you choose the RBI approved P2P lending companies only.

FAQs on P2P Lending

Is P2P lending legal in India in 2026?

Yes. P2P lending is legal in India and regulated by the Reserve Bank of India (RBI). All legitimate P2P platforms must be registered as NBFC-P2P with RBI and follow strict guidelines related to borrower limits, lender exposure, credit checks, and data transparency.

How much can I invest in RBI approved P2P platforms?

As per RBI guidelines, an individual investor can invest up to ₹50 lakh across all P2P platforms combined. Most platforms also allow you to start with small amounts such as ₹500 or ₹1,000, helping investors diversify across multiple borrowers.

What is the maximum return from P2P lending in India?

P2P lending returns typically range between 10% to 18% per annum, depending on borrower risk category, loan tenure, and platform strategy. Higher returns usually come with higher default risk, so diversification is essential.

Are P2P lending returns taxable in India?

Yes. Returns earned from P2P lending are fully taxable under “Income from Other Sources” as per your applicable income tax slab. Currently, there are no special tax exemptions for P2P lending income in India.

What happens if a borrower defaults on a P2P loan?

If a borrower defaults, the platform initiates recovery through reminders, collection agencies, or legal action where applicable. However, returns are not guaranteed, and investors may lose part or all of the invested amount in case of prolonged default.

Is P2P lending suitable for beginners?

P2P lending can be suitable for beginners who start with small amounts, choose RBI approved platforms, and diversify across many borrowers. It should be treated as a moderate-risk investment, not a fixed-income alternative.

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Disclaimer: P2P lending involves risk. Returns are not guaranteed. Please assess your risk profile before investing.

Author: Diwakar Kumar Singh

Diwakar Kumar Singh is a finance writer and BFSI specialist with 7+ years of experience in financial content and research. He has authored hundreds of finance articles, published multiple books internationally, and contributed to research publications. A Gold Medalist MBA from IMT, he brings a strong analytical understanding combined with clear, reader-focused communication. His work focuses on simplifying complex financial topics, including IPO analysis, unlisted shares, financial ratios, and company evaluations, providing well-researched and evidence-based insights to help readers make informed financial decisions.