Find answers to common questions about Legit Saathi
Legit Saathi is a C2C legal-fintech platform that enables fast, secure, and compliant loan agreements between lenders and borrowers. We provide a transparent, digital platform for peer-to-peer lending with built-in legal support and verification.
Unlike traditional banks, Legit Saathi connects borrowers directly with lenders, eliminating intermediaries. We offer faster processing, transparent fees, digital agreements, and are designed specifically for the Indian market with features like SMS-based workflows for rural users.
Yes, every transaction at Legit Saathi is secure, and all users have to go through KYC verification. We use bank-level encryption, fraud detection systems, and comply with all Indian financial regulations to ensure maximum safety.
Absolutely! Legit Saathi is designed for both rural and urban Bharat. We offer SMS-based workflows, multi-language support, and optimized interfaces that work well even with limited internet connectivity.
Yes, to ensure trust and safety, KYC is mandatory for all users. This includes identity verification, address proof, and other documents as required by Indian regulations.
We use bank-level encryption to protect all personal information. Your data is stored securely and is never shared with third parties without your explicit consent. We comply with all data protection regulations.
We have comprehensive security measures in place to prevent breaches. In the unlikely event of any security issue, we have protocols to immediately inform affected users and take corrective action.
Once your profile is verified and you find a suitable lender, loans can be processed within hours. The exact time depends on the loan amount and verification requirements.
Interest rates are determined by mutual agreement between borrowers and lenders, typically ranging from 12% to 24% annually. We provide transparent rate comparisons and ensure no hidden charges.
You'll need identity proof (Aadhaar/PAN), address proof, income proof, and bank statements. The exact requirements may vary based on the loan amount and lender preferences.
Yes, you can prepay your loan without any prepayment penalties. This is one of the advantages of using our platform - flexible repayment options.
Complete your KYC verification, set your lending preferences (amount, interest rate, duration), and browse verified borrower profiles. You can choose borrowers based on their profile, credit history, and requirements.
The minimum lending amount is ₹5,000. You can lend any amount above this limit based on your comfort level and risk appetite.
We verify all borrowers, provide credit assessment tools, and have digital agreements with legal backing. While we can't guarantee returns, we provide all tools and information to help you make informed decisions.
Yes, we encourage diversification. You can lend to multiple borrowers across different categories, amounts, and durations to spread your risk.
Legit Saathi works on Android and iOS devices. We also have a web version for desktop users. Our app is optimized for both smartphones and tablets.
Our support team is available 24/7 to help with any technical issues. You can reach us through the app, email, or phone. We also have comprehensive help documentation.
Yes, we support multiple Indian languages including Hindi, Tamil, Telugu, Bengali, and more. You can change the language in the app settings.
Can't find the answer you're looking for? Our support team is here to help.