RETURN & FEES

The returns you earn by investing through fundhouse depend on your risk appetite. So, you decide the risk profile of borrowers you want to invest in and fundhouse will facilitate the process afterwords.

Non-Payment of EMI: In case the borrowers do not transfer the EMI by the due date, additional penal interest would be applicable as per the loan agreement signed between the Investors and their respective borrowers and will be applied to the due amount for the duration of delay, which Borrowers will be liable to pay the Investor.

Repayment, Interest rates

Disbursals and repayments for a loan through fundhouse can be done through various channels. All payment modes recognized by the RBI such as Cheques, NEFT, IMPS, Bank transfers, Cash Cards, Mobile wallets etc. can be availed.

The monthly installments you pay are not inclusive of fees paid to fundhouse. Monthly installments of Borrowers are defined as per the rate of interest settled between the investors and the borrowers. The EMI is directly given to the investors and fundhouse just acts as a facilitator for the installments if the investor requests us to do so.

Fundhouse's Fees

We charge a one-time listing fee of ₹ 1,500 from the borrower at the time of listing.

This listing fee is currently waived off as a discount for the festive season

Fundhouse can act as a facilitator of EMIs. The EMI you pay does not include any payments made to us. Your EMI is decided between you and the investors, and your repayment are made directly to them.

The below mentioned processing fee structure would be applicable upon disbursement of loan request:

Interest Rate

Disbursement Fees

16% or less

2% of Loan Amount or ₹ 2,000 whichever is higher

16.25% to 21%

3% of Loan Amount or ₹ 3,000 whichever is higher

21.25% to 25%

4% of Loan Amount or ₹ 4,000 whichever is higher

25.25% to 28%

5% of Loan Amount or ₹ 5,000 whichever is higher

Above 28%

6% of Loan Amount or ₹ 6,000 whichever is higher

Pre-payment of Loan

You can choose to make a prepayment of the entire loan amount without any penalty/ prepayment charges, pre-closure charges etc, however this has to be agreed in advance between the borrower and their respective investors.

Non-Payment

In case you do not pay the EMI by the due date, ₹ 250 bounce charge and additional penal interest of 2% p.m. will be applied to the due amount for the duration of delay which you will be liable to pay to your Investor(s). In addition to that, fundhouse will charge a processing charge of ₹ 500.

It is advised to not change the bank account details from which you intend to make the repayment. However, we do not prevent you from doing so but only charge a nominal ₹ 500 for any such account swap during an ongoing loan repayment process.

Rate of Interest

The better deal you are able to strike with the investors the lower will be your interest rate.

Since, you will be receiving a loan from multiple investors, your interest rate will be a weighted average of the individual loan parts.

Refund Policy

The eligibility of being a borrower is determined by your intention and ability to repay the loan amount. Fundhouse reserves the right of selecting the borrowers suitable for listing on its website. All borrower applications are subject to stringent verification by the fundhouse's risk management team and in case an application is not found suitable then fundhouse reserves the right to partially refund the listing fees paid by you and terminate your loan application.

In case a loan application is rejected prior to listing on the fundhouse portal then fundhouse will refund ₹ 1,000 to the applicant and provide the following services:

  1. An opportunity to register on the website and explore the platform.
  2. A detailed individual credit analysis report with exact reasons for declining loan application.

In case, post profile listing borrower is not able to garner funds or does not accept the funding or for any reason whatsoever does not get funded, then fundhouse will refund ₹ 500 to the borrower in question.