Rupaiya Exchange uses multiple factors for determining the credit-worthiness of a Borrower. Social behavior, determined through this access, is one of the parameters used for profiling. Our employees do not have access to edit or post on your page. We shall also not be contacting any of your friends in your Friends list.
We do not deduct TDS. Rupaiya Exchange is just a market place where borrowers and lenders meet. All transactions are done between themselves with Rx as a platform.
Lenders should use only legitimate ways of collecting their money. Rx has an empaneled set of recovery agencies and can approach them with your cases, in case you wish to do so. You can contact us for more details and charges.
Rx shall, directly or indirectly, not bear any costs associated to recovery. All costs shall be governed by the agreement signed between lenders and borrowers. All methods applied follow due statutory principles and rules, as applicable from time to time.
In addition, we would blacklist the borrower and make the default public on our site and also on social media.
In some cases, lenders may have to bear the upfront costs which are subsequently recovered from the borrowers.
All the borrowers are screened by our credit underwriting team and only those fulfilling the credit criteria are approved. Further, all loan listings are also scrutinized by us. However, Rupaiya Exchange is not responsible (directly or indirectly) to consult or advise any lender on his/her investments. The lenders are directly responsible for assessing the credit-worthiness of the borrowers, diversify among borrowers and spread their risk while maximizing the returns.
There is no limit to the total amount you can invest through our platform.
We never disclose any of your information to any one (except in case of borrowers where the investors have expressed interest on the profile for investment). All information obtained from you is to assess your credit-worthiness and is used only for approving your registration or listing on the website. Our employees are bound by code of conduct which prohibits disclosure of any kind of information to any one.
Furthermore, our platform is secured using 128 bit SSL and we use the best security practices from the industry. Your documents are stored on highly secured servers which prohibits unauthorized access.