THE PROCESS

You may avail a loan for a wedding, to buy a car or any other personal use. Fundhouse presently does not deal in commercial or corporate finance.

Fundhouse doesn't contemplate any reason to be unfit to avail a loan. We at fundhouse don't differentiate and judge the cause for which an individual is looking for a loan, other than the understandable circumstance that a person doesn't use the money for any illegal or prohibited activity. One may avail loans for several purposes such as:

  • For education
  • Credit to pay off ongoing loans
  • Credit to make up for the period when in between jobs
  • Credit for medical predicaments
  • For Weddings and other such significant occasions
  • For a Holiday
  • Credit to give Credit Card bills
  • Mortgage for initial capital required to buy for cars, bikes etc.
  • Credit for renovating the house

These are few of our everyday life needs and this list is not exhaustive, there can be many other valid circumstances which may require an individual to avail a personal loan.

HOW FUNDHOUSE WORKS?

WHAT FUNDHOUSE DOES?

We verify each and every member at the time of registration, either as an investor or borrower. This ensures that the information that you see on our website about each member is authenticated as per proper guidelines set by the RBI/SEBI. For the same, we collect Personal, Professional, Social and Financial details from each potential member.

HOW DOES IT WORK?

Individuals register themselves on fundhouse as borrower or lender. Registration includes providing information such as personal, professional, financial details which fundhouse verifies. We also require documents to be submitted to verify the information provided by individuals. In addition to this, fundhouse verifies information through other available resources. This is in line with the KYC norms set by RBI and followed across the BFSI sector.

REGISTERING WITH FUNDHOUSE

Any resident Indian above 21 years age can register with FundHouse. Registration happens after thorough verification as per KYC norms laid by RBI/SEBI for opening bank accounts and online trading accounts, assuring authentic and safe dealings. CONTACT US now to get started.

How transactions strike at FundHouse?

Once registered with FundHouse, borrowers and investors can send proposals to each other along with some basic information such as reason, amount, preferred interest rate, tenure etc. The receiver of proposal can either Accept, Reject, Re–negotiate or send a counter proposal. Both borrowers and Investors are allowed to strike multiple deals at one point of time.

The whole procedure is discreet and without any intervention from us. The parties sign a formal contract after the agreement is made for amount and interest rate for same, between the investor and borrower, followed by transfer of fund to borrower's bank account.

The EMI for repayment can be made and tracked via us along with other regular modes, such as, post–dated cheques, electronic transfers via NEFT, netbanking, Auto Debits etc.

DISCLAIMER:

Fund House does not play any role in any of the bilateral transactions; we only charge a service fee for our services. To know more CONTACT US.

WHAT FUNDHOUSE DOES?

We verify each and every member at the time of registration, either as an investor or borrower. This ensures that the information that you see on our website about each member is authenticated as per proper guidelines set by the RBI/SEBI. For the same, we collect Personal, Professional, Social and Financial details from each potential member.

Once borrower and investors come to a mutual agreement, Fund House will help them legalize the transaction by signing a formal contract. We make necessary provisions and help both parties realize the deal without the necessity of a physical meeting.

Once a loan is disbursed, we help investors with the collection and recovery of loans as per official guidelines of RBI for banks and financial institutions. Delay in repayment by borrowers draw a penalty that is pursued by Fund House as part of the process.

We at Fund House do not collect money deposits from either borrowers or investors. All monetary transactions are directly between the two parties.

Decisions to lend on Fund House are entirely at the discretion of potential investors. We do not guarantee fixed or minimum rate of returns to any investor.

For further details, please read read Fund House Term of use and Privacy policy

Fund House does not give any financial advice or recommendations to either borrowers or investors on this platform. Members are encouraged to make their own researched and informed decisions and transact accordingly, free of any coercion or any form of influence from us.

If you have further queries, feel free to email us at support@fundhouse.co.in

BIDDING PROCESS OF FUND HOUSE

Once registered, investors can reach out to listed borrowers and borrowers can reach out to registered investors. Once an offer is accepted, you receive a notification. Either of the user can approach each other.

Basic information such as Amount, expected rate of Interest and tenure is sent with the proposal.

When both parties accept the loan offer, the process of formal contract signing begins. After the loan is disbursed, investors will receive EMIs on the 10th of every month. If a borrower fails to pay an EMI within a stipulated time, a penalty is levied on the borrower which is payable to investors directly.

FUND TRANSFER AND EMIs

Fund House encourages its user to use auto debits for repayments. However, fund transfers can also happen through Bank Cheques, IMPS, NEFT and other auto debits.

The funds are transferred directly between users. If PDCs are issued for repayment, they are directly issues in the name of the investors.

Fund House also encourages its users to transfer money electronically from leading banks across the country.

FUNDHOUSE'S ROLE

 

  • Fundhouse is a facilitator between the lender and borrower for a loan transaction. Fundhouse ensures that all borrowers are verified for the information provided i.e. identity, employment, income, contact information as well as creditworthiness.
  • Fundhouse also helps in the loan disbursement and monitoring process upon loan acceptance by a borrower i.e. ensures that agreements are signed between borrowers and lenders, EMI cheques collected from borrower before loan disbursal and monitor the repayment.
  • Fundhouse also sends regular alerts / notification to both lenders and borrowers on various activities in their account including status of registration, verification, loan offers received, loan accepted, disbursed, EMI due date alerts, EMI payment updates.
  • Fundhouse does not recommend borrowers to lenders. All loans are made at the discretion of the lender with the understanding of the possible risks associated with such transactions.

In recent times, Fundhouse has helped a lot of individuals to realize their dreams by serving their capital needs with complete integrity