Instant Disbursals for P2P lenders
Instantly disburse payouts for licensed P2P Lending NBFCs and their Loan Service Provider (LSP)/Fintech partners with RazorpayX Escrow Accounts.
Typically, payout disbursals for P2P NBFCs can take upto 4 calendar days as these transactions have to be approved by a Trustee. Businesses can reduce this by signing up for a RazorpayX Escrow Account.
With RazorpayX Escrow Account, in partnership with Axis Trustee supports instant disbursals for P2P Escrow. This solution works 24x7x365 where the Trustee automatically approves a payout in under 2 seconds. Together with instant trustee approvals and IMPS payouts, borrowers and investors of the P2P platform can receive the credit in their bank accounts instantly.
LSP partners are onboarded as
with P2P Escrow as the master account.
You can raise a request with your point of contact (POC) at Razorpay for a P2P Escrow+ Account or share your details on our
.- Your POC at Razorpay introduces you to the Escrow Trustee and Escrow Bank for opening the P2P escrow account.
- Sign the Escrow agreement with the Escrow Bank and Escrow Trustee.
- The escrow trustee creates two RazorpayX accounts to link the collection and disbursement of escrow accounts. Parallelly, we facilitate the account opening process with the partner bank.
Raise a request to the trustee for allowing Dashboard access to the relevant team members.
Connect with your RazorpayX PoC or
for document templates, letters and other supporting material.The bank Relationship Manager will reach out to the authorised signatories with the list of relevant documents and the account opening process.
You can make payouts via your Escrow Account using our
.Points to remember:
- Ensure to follow all the payout .
- Contact type must be
borrowerorinvestor. Know more about . - Payout purpose must be
Loan disbursementorInvestor withdrawal. Know more about . - .
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