Lender FAQs

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Can I open more than one account for lending?

At Monexo, you need just a single account to manage your portfolio. With this account you can fund several loans and have a dashboard view of your loan portfolio.

What is the eligibility criteria to become a lender?

To lend on the Monexo marketplace, you must meet the following basic criteria.

As an individual:

  • Age - Minimum 18 years & Maximum 80 years
  • Holding valid PAN card in India
  • Having valid proof for an address in India
  • Having valid bank account in India
  • Having valid mobile number in India and E-mail ID

As a business/company:

  • Institution should be a registered entity under Companies Act, 2013 in India
  • Holding a valid PAN for the business entity
  • Having valid proof for an address in India
  • Having valid bank account in India
  • Having valid mobile number in India and E-mail ID for an employee who is authorized to operate on Monexo`s portal.

Note: These are the minimum requirements. All lenders are subject to Monexo’s screening and approval process.

Is there a minimum amount I need to open a lender account?

At Monexo, the initial amount required to be transferred to the Escrow account for lending is INR 1 lakh.

Peer to Peer lending, like other asset classes, works best with portfolio diversification. With an initial investment of INR 1 lakh, you can build a lending portfolio across 100+ loans which ensures investment risks are largely minimised - enabling you to enjoy high yields consistently. Smaller investments, result in concentration of portfolio across fewer loans and hence do not provide for sufficient levels of diversification. Hence, initial investments less than INR 1 lakh are NOT recommended.

Why do you ask for my documents?

As a platform enabling financial transaction we believe in dealing with Individuals who are NOT in Government Blacklists for Terrorism, Drugs or any dealing with human trafficking etc.  We are also supportive of Indian Government fight against money laundering activities. The documents submitted by you enable us to carry out these checks.

Finally, your documents are stored electronically with bank level security.

Who makes the decision to lend?

As an approved lender, you make

  • the lending decision,
  • decide on the amount to fund and
  • manage your own money. 

You can create a portfolio of loans based on your return expectation and risk taking capacity.

Who am I lending to?

Monexo will be originating borrowers  with following broad characteristics:

  • living in India
  • having regular identifiable income from Salary, Profession or Business
  • loan amount required between ₹50,000 to ₹30,00,000.

We believe P2P lending is about ‘credit inclusion’ at fair terms of interest. You can read more about various products on our borrower here.

What does Monexo verify prior to listing a loan in the marketplace?

Monexo lists only those loans which have gone through its proprietary screening process. This screening process has been built by the founders

  • based on their decades of Banking experience,
  • current technology tools available to verify the authenticity of the borrower and
  • financial information provided by the borrower.

What is a Monexo Rating?

Every loan application received by Monexo is screened and given a Monexo Rating.

The ratings range from M1 to M8, with M1 being the best. The interest rate associated with the M1 to M8 band will vary based on Monexo’s policy.

Once the loan listing is approved, the Monexo Rating is displayed in the marketplace along with the loan listing details for you to view.

Do note that Monexo Ratings are not a guarantee from Monexo on the performance of the loans.

What are the risks involved and how are they addressed?

All investments involve risk, but we are 100% committed to providing outstanding products and customer service, and protecting the safety and security of your personal information. Risks are addressed through:

  • Online security measures
  • Third party, independent trust company holding the funds
  • Diversification – by lending to many borrowers

Monexo has also partnered with CRIF Highmark Bureau in India and built a proprietary credit scoring model based on decades of payment behaviour by millions of Indian consumers to financial institutions in the past. This scoring predicts the probability of repayment by the borrower. We will also be writing various blogs - please do visit our blog section.

What is diversification?

Diversification is an important feature in peer-to-peer lending. It gives you the ability to lend small amounts to different loans instead of funding one loan in entirety without the administrative hassle of managing these small loan amounts. By diversifying the amount that you lend to a number of borrowers, your risks are reduced.

On Monexo marketplace you can lend as little as  1,000 per loan thus with  1,00,000 you can have 100 different borrowers in your portfolio with different risk profiles and tenor of repayment.

How do I build my loan portfolio?

Instead of funding an entire loan, you can participate by funding parts of loans.

You may choose to spread your money across several loans in order to create a diversified portfolio. Using sort & filter functions, you can balance the risks & returns and build a loan portfolio that suits your goals. You can choose a mix of different loan products, loan amounts, tenors, Monexo ratings and purpose of loan etc.

What is the maximum amount I can lend ?

As per RBI guidelines of Oct 4’2017


The following limits are applicable to any person lending on P2P platforms:

  • You can maximum lend Rs. 10 lakhs across all P2P lending platform.
  • You can maximum fund Rs. 50,000 per loan.

By agreeing Monexo T&C’s you are agreeing to the above.

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How will I know when a loan is listed on the marketplace?

We encourage you to login to the marketplace regularly and view the loans listed. We will also periodically inform you about new loan listings in the marketplace.

What is the minimum amount that I can lend to a borrower?

The current minimum amount you can lend on a loan application is ₹ 1,000. You can fund a loan in multiples of ₹ 1,000. This can change in the future and our website will be updated with the new amount.

Where and how do I transfer money to lend through the Monexo marketplace?

Once you are an approved lender, you need to transfer a minimum amount of ₹ 1,00,000 into the escrow account. All bank charges will be borne by you. Once we sight the funds in the escrow account, the same will be reflected in your account details in the Monexo marketplace.

Escrow Account details:

Account NameMonexo Fintech - Lender Funding Escrow Account
Account Number 10000781341
Account Type Current Account
Bank Name IDFC Bank Limited
IFS Code IDFB0040101
MICR Code 400751002
Bank Address IDFC Bank Limited, Naman Chambers,
C-32,G-Block, Bandra-Kurla Complex,
Bandra East,

Please note the following:

The transfer of the funds should be from the bank account mentioned in your lender application.

You may transfer either by IMPS/NEFT/RTGS or by cheque remittance.

If the transfer of funds is made by cheque, please email the scanned image of the cheque and deposit pay-in slip to contact@monexo.co. The funds will be credited to your account after clearance of your cheque proceeds.


Please use your Monexo Customer ID as a transaction reference.

What is IDBI Trusteeship Services Limited?

IDBI Trusteeship Services Limited (ITSL) is a third party administrator. Monexo is the 1st online Peer to Peer Lending company in India to bring this global best practice.

ITSL serves a key role of holding funds and executing orders of lenders and borrowers. Your money is in your control through the ITSL escrow account. By keeping an arms length from the funds of lenders and borrowers, Monexo provides the following safeguards to its customers:

(a) Monexo will not be able to use customers funds for internal operation or other matters and

(b) It serves as a business continuity plan in case Monexo ceases to operate 

An important aspect of Monexo's offering to customer is the  seamless online and swift fulfilment of borrowers and lenders need through ITSL. By this mechanism, borrowers and lenders do not interact directly with each other for exchange of funds and maintain their anonymity. This also benefits the borrowers as they will receive a single credit into their bank account with the full loan amount instead of getting multiple credits from each lender who has committed funds to his loan. 

Do note, ITSL simply acts as an administrator and does not guarantee your investment in any way. 

How can I withdraw funds?

You manage your own money. We give you flexibility to withdraw your available balance with ITSL by sending a email request to contact@monexo.co anytime. The funds that you have already disbursed to a borrower and the funds that are committed in the marketplace will only be available for withdrawal as and when you receive borrower repayments. 

By reinvesting your funds in the marketplace, you will earn better yields.

Are funds withdrawn from my escrow account each time I fund a loan in the marketplace?

Every time you commit for a loan in the marketplace, the amount you have funded is set aside while the listing is still active in the marketplace.

For example: If you have a balance of ₹ 450,000 in your escrow account and you fund a loan with an amount of ₹ 40,000, the amount available to you for funding further loans in the marketplace will reduce to ₹ 410,000. As soon as the listed loan gets funded as per funding norms, your funds (₹ 40,000 in the above example) are withdrawn from the escrow account and disbursed towards the borrower loan.

In the following scenarios, your funded amount that has been set aside will not be withdrawn from your account and will be made available to you for lending:

  • If there is insufficient funding for a listed loan – less than 60% of the requested loan amount on he last day of listing
  • If Monexo cancels the listing
  • If the borrower withdraws from the listing

What happens if a borrower is late on a payment?

All borrowers are required to provide auto-debits to their bank account for their monthly repayments. They are given monthly email reminders prior to their payment due date. 

The borrower is given a grace period whereby he/ she needs to pay latest by the 5th of the month to provision for banking holidays, weekends etc.

If the borrower does not transfer money by due date:

  • Reminders are sent by email and phone calls.
  • A late payment fee of ₹ 1000 is charged for payment after the grace period.
  • An additional penal interest of 3% per month calculated on a daily basis till the date of receipt of the amount due is also charged.

The late payment fees and penal interest received from the borrower is appropriated by Monexo to meet the collection costs / legal expenses incurred / to be incurred in connection with the loan.

What happens in case a borrower defaults?

Monexo follows screening criteria for approving borrowers. However, Monexo cannot guarantee repayment of loans as borrowers may miss repayments due to various reasons.

When a borrower misses a payment, Monexo makes reasonable efforts as permitted by RBI regulations to collect outstanding payments. Regular follow up with the borrower is done by Monexo for overdue amount.

When the overdue is for more than 30 days, it is referred to an approved collection agency / law firm / an arbitrator to facilitate collection of the overdue amount on your behalf. The fees payable to the collection agency is borne by Monexo and in lieu of this the late payment fee and penal charges collected from borrowers will be appropriated by Monexo to meet the costs.

How do I receive my monthly payments?

When a borrower makes a repayment on a loan, after a short processing time, your portion of the payment will be added to your available cash balance in your escrow account. You can use the funds to invest in more loans or transfer them to your bank account, as you wish.

What happens if a borrower pays off a loan early?

The borrower has the option to prepay the balance loan amount, provided he/ she intends to repay 100% of the amount due (including the interest due till date) in one go before the due date. On receiving the balance amount from the borrower, your portion of the repayment received will be added to your available cash balance in your escrow account.

However, partial prepayments are not allowed.

What happens if Monexo shuts down?

Monexo has appointed an independent administrator, IDBI Trusteeship Services Limited (ITSL) to manage the escrow account. In the event of Monexo's assets being harmed or Monexo going into liquidation, this will not affect your money. This still belongs to you. For money that has been lent, ITSL will continue to receive repayments from borrowers and distribute the collected payments to the lenders.

Is this product a note, bond or Collective Investment Scheme?

No. This is a pure loan in which you are the lender and the person who is receiving the funds is the borrower. Monexo has created this marketplace to connect smart and savvy lenders to smart borrowers.

How can I transfer funds to Monexo?

You can transfer funds to Monexo through any of the following options:

  1. National Electronic Funds Transfer (NEFT)
  2. Real Time Gross Settlement (RTGS)
  3. Immediate Payment Service (IMPS)

The transaction limits, bank charges and timings are given below. Do note this may vary with your bank and is not to be construed as fees/charges payable to Monexo.

Transaction Limits:

Transaction LimitNEFTRTGSIMPS
Account Number & IFSC Mobile Number & MMID
Minimum  1  2 Lakhs  1  1
Maximum  10 Lakhs  10 Lakhs  2 Lakhs  10,000


Transaction Charges:

Upto  10,000  2.50 + Service Tax Not Applicable  5 + Service Tax
Above  10,000 and upto  1 Lakh  5 + Service Tax Not Applicable  5 + Service Tax
Above  1 Lakh and upto  2 Lakh  15 + Service Tax Not Applicable  15 + Service Tax
Above  2 Lakh and upto  5 Lakh
(Incl.  2 Lakh for RTGS)
 25 + Service Tax  25 + Service Tax Not Applicable
Above  5 Lakh and upto  10 Lakh  25 + Service Tax  50 + Service Tax Not Applicable


Transaction Timing:

Transaction TypeTransaction Timing
NEFT 8:00 AM to 6:30 PM
Monday to Saturday
(Except 2nd and 4th Saturday)
RTGS 8:15 AM to 4:15 PM
Monday to Saturday
(Except 2nd and 4th Saturday)
IMPS 24x7
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What are the fees charged from a lender?

Monexo earns only when you earn

  • Account opening - Free
  • Entry Fee - Free
  • Loan / investing - Free
  • Repayment collected:
    • -- 2.5% + GST of the monthly repayment collected (For lenders whose fund transfer to escrow a/c net of withdrawals is INR 1 lakh and above)
    • -- 4% + GST of the monthly repayment collected (For lenders whose fund transfer to escrow a/c net of withdrawals is less than INR 1 lakh)

* Once you add funds amounting to INR 1 lakh and above, the 4% + GST fee on repayments collected will be updated to 2.5% + GST on subsequent loans that you fund

Do I earn interest on my money held in the escrow account?

You start earning interest when the loan that you have funded is disbursed to the borrower. You do not earn interest on your committed funds in the marketplace or in the money held in the escrow account. To maximise your returns, please monitor your loan portfolio regularly to deploy your funds effectively.

What are the returns I can expect from the funds that I lend?

The interest you earn on the funds that you lend depends on your selection of the loans that are listed in the marketplace which clearly mentions the interest rate. The interest rate is locked for the tenor of the loan once the loan is funded. The information presented here is for information purposes only and is not intended to be investment advice, guidance, or a guarantee of the performance of any loan agreement or portfolio. Please also read our Terms of Use on this issue.

When do I start earning interest?

When you have selected the loans to fund and we have disbursed the funds to the borrowers you will start earning interest. You do not earn any interest while your funds are held in the lender's funding account.

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What is Monexo Auto - Invest?

Monexo Auto-Invest is a feature that helps you to automatically invest in loan listings without manually viewing and funding each loan. All you need to do is choose your lending criteria that will be applied each time loans get listed in the marketplace. If the loans match your criteria, your order will be placed.

Why Monexo Auto - Invest?

With Monexo Auto - Invest you can setup your own lending criteria based on desired diversification & risk/ return expectations. You keep control and have the flexibility to change criteria any time. You can continue to manually fund loans while you are a user of Monexo Auto-Invest.

How Monexo Auto - Invest works?

  1. When you turn on Auto - Invest, the funds available in your escrow account are queued for funding the loans in the marketplace. We call this queue as the Investment Queue.

  2. Monexo Auto-Invest engine runs daily at 10am IST, 12 noon IST, 3pm  IST and 8pm IST. It finds those loans that are listed in the marketplace that meet lending rules of lenders that have opted for auto-invest. It checks the cash balance of these lenders.

  3. It funds loans automatically these lenders based on FIFO (First In First Out) method i.e. the funds which are queued first will be used first to fund loans

How to activate Auto - Invest?

You can activate Auto - Invest by following these steps:

Step 1: Enter Maximum Funding per Borrower

Maximum Funding per Borrower means the maximum portion of your funds that will be used to fund a particular borrower. This helps you cap your exposure per borrower. It is calculated as a % of your total funds as on today. For eg: If your total funds are Rs 5 lacs and you setup 2% as maximum funding per borrower, not more than Rs 10,000 would be allocated to any borrower through auto-invest.

Total funds is your "Net Funding + Earnings" as explained below:

Net Funding + Earnings is the sum of  total funds transferred by you into the escrow account (net of withdrawals) and interest earnings on disbursed loans (net of Monexo fees)

Step 2: Select Monexo Rating Allocation

With this you can decide on what portion of your funds available do you want to invest in loans listed based on Monexo ratings ( M1 to M8 with M1 being the best). You may choose your diversification based on your risk return expectation. You have the following options to set a portfolio:

  1. Diversified Risk Portfolio

  2. Conservative Risk Portfolio

  3. Moderate Risk Portfolio

  4. Aggressive Risk Portfolio

  5. Create Your Own Portfolio 

Am I eligible for Auto - Invest?

Yes. Every Monexo lender is eligible for Auto - Invest.

Can I fund loans manually after I enable Auto - Invest?

Yes. Being a Monexo Auto Invest user, you can continue to fund loans manually also.

How long does it take to invest my funds with Monexo Auto - Invest?

It depends on various factors, such as
1. The lending rules you have selected for Auto - Invest.

2. Your cash balance in escrow account 

3. Inventory of listed loans that match your criteria

4. Other lenders who have opted for auto-invest 

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Who is a "My First Loan" borrower?

Indian demographics are changing and getting younger. These young people are migrating cities leaving their family behind for jobs. 80% Indians lack access to credit as they do not have a credit score. Banks and NBFCs serve only those who have a past loan record.

Monexo has launched loans for salaried borrowers who are "new to credit" - which is a step towards financial inclusion and democratising finance. A "My First Loan" borrower is taking a loan for the first time. He does not have a borrowing history and hence does not have a credit bureau score or report. However, many of them can be good credit. Monexo offers "My First Loan" to such borrowers after a stringent screening process.

What is the eligible loan amount for a "My First Loan" borrower?

"My First Loan" borrower is given a loan offer of Rs 50,000 for a tenor of 12 months. These loans are priced higher and thus you earn superior returns when compared to a loan which has a credit score. As a lender, we suggest you to diversify across "My First Loan" borrowers by funding not more than 5,000 per loan.

What is the screening process used for a "My First Loan" borrower?

Every borrower is different when it comes to finances. In addition to our regular screening process, we gather a range of financial, digital and social data about the "My First Loan" borrower. This includes reviewing his bank statement, income status, Linkedin profile, lookalike score and digital behaviour. We insist on additional electronic verifications in case of "My First Loan" borrower and use proprietary algorithms to identify creditworthy borrowers.

What is a lookalike score?

We are introducing an alternative score called "Lookalike score" for "My First Loan" borrowers. The applicant has been scored on a similar logic as is done for borrowers with a bureau score and considers the parameters that influence the repayment track record significantly. The lookalike score is factored into the Monexo Rating for each “New to Credit” borrower and complements the screening process.

Is there any difference in the listing or funding process of "My First Loan"?

There is no difference in the listing or funding process. You can view these loans in the same marketplace. In the loan details page, you can view the lookalike score for these loans. If you have chosen auto-invest, these loans are also considered as part of automated investing.

We encourage you to participate in funding these loans.This would be a big step towards financial inclusion.

What happens if a"My First Loan" Borrower is late on making a payment ?

If a 'My First Time' Borrower is late on a payment, Monexo follows the same collections process as applicable to any other borrower on our platform

Here is a summary of the collections process:

  1. If payment is not received by the 5th of the month, Phone, SMS and email reminders are sent to establish contact with the borrower and understand the reason for non-payment to ensure that payment is received at the earliest.
  2. In case, repayment is not received for >10 days, the case is handed over to our external collection agencies for follow up through field visits at the borrower's home / office address.
  3. A late payment fee of INR 350 is charged for payment after the grace period.
  4. An additional penal interest of 2% per month calculated on a daily basis is charged on the borrower till receipt of the amount due.
  5. Non-payment is also reported on a monthly basis to leading credit bureaus.

Monexo provides free collections support for the first 30 days of non-payment from borrowers. Post 30 days, the collection fee (if any) will be borne pro rata between all lenders associated with the loan.

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What is the Monexo Monthly Income Plan?

With the Monexo Monthly Income Plan (“MIP”), your monthly interest component from borrower repayments is credited directly to your bank account every month. Once the MIP is activated for your account, the interest portion of the repayments that you receive throughout the month are reserved and sent to your bank account on the 1st of the subsequent month as a single entry to your bank account.

For any further queries / clarification - please write in to lend@monexo.co from your registered email ID

Who is eligible for the Monthly Income Plan?

All investors on Monexo who receive repayments on their Investment Orders can benefit from the MIP . There is no minimum or maximum investment criteria to be eligible for the MIP.

How can I sign up or deactivate the Monthly Income Plan?

Active investors who wish to opt for the MIP need to reach out to us on lend@monexo.co. Post this, we will share a ‘Opt-in’ Google form for the MIP where you need to provide your acceptance for activation of the MIP on your account. Once you opt-in for the MIP by providing your acceptance for the same, MIP will only be activated for your account on the 1st of the subsequent month. Once you are activated on the MIP, you will receive an email confirmation from us.

To opt-out of the MIP post activation - all you need to do is send a mail to lend@monexo.co from your registered email ID. We will confirm deactivation of MIP via an email to your registered mail ID. Once you opt out of MIP, MIP will be deactivated for your account  on the 1st of the subsequent month only. Once you have been deactivated on the MIP, you will receive a separate email confirmation.

After the Monthly Income Plan is active on my account, from when will the interest be credited to my bank account ?

Once your MIP is activated on the 1st of the month, the interest component of borrower repayments received from the 1st to the last calendar day of that month will be set aside for credit to your bank account on the 1st of the subsequent month.

As an example, if you opt-in for MIP on 15th of April 2019, the MIP gets activated on your account only on the 1st of May 2019. Interest component of borrower repayments received from 1st - 31st May 2019 are set aside for credit to your bank account on the 1st of July.

While the Monthly Income Plan is active on my account, will I be able to withdraw or reinvest the interest component which has been set aside for credit to my bank account?

No - you will not be able to invest the interest component of monthly repayments from borrowers when you are active on the MIP.

After I submit my request for deactivation of the Monthly Income Plan, will I be able to reinvest / withdraw the interest component that has been set aside immediately ?

No. Please note that once you submit the request for deactivation of the MIP  on your account - it will get deactivated only on the 1st of the subsequent month. Interest component of monthly repayments received in the interim period will continue to be set aside and not be available for reinvestment / withdrawal.

However, on the 1st of the next month, once we deactivate the MIP for your account, the instruction for credit of the interest amount to your bank account is auto-cancelled and the funds become available for you to either reinvest / withdraw.

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What is Monexo Grow?

Monexo Grow enables you to systematically grow your Peer to Peer lending portfolio on Monexo through regular monthly investments over a defined time-period.

With Monexo Grow you can start investing with an initial deposit of just Rs 50,000 and invest as low as Rs 5,000 per month going forward. 

Monexo Grow helps you systematically invest and achieve your financial goals. 


How does Monexo Grow Work ?

Monexo Grow’s functionality is similar to the ‘Systematic Investment Plan’ (“SIP”) option in Mutual funds. With Monexo Grow, you can choose your preferred monthly investment amount and period of investment. We will take a signed NACH form from you to automatically debit your registered bank account for the chosen investment amount - on a monthly basis. 


Who is eligible to use Monexo Grow ?

Both existing investors with an approved investment account and approved new users are eligible to use Monexo Grow provided they make / have made an initial deposit of atleast INR 50,000 to the Monexo Escrow account.

How to get Monexo Grow activated for my investment account ?

Once you signup as an investor on the Monexo platform, you can login and opt for the Monexo Grow option which is available as a dropdown option in your investor dashboard. 

You can also choose your preferred  monthly investment amount and period of investment. 

Once you make your first deposit of Rs 50,000 - we will email you the pre-filled Monexo Grow SIP NACH with details of your chosen monthly investment mandate. Once you sign and courier the hard copy of the Monexo Grow NACH form to us, Monexo Grow gets activated for your investment account  post acceptance / confirmation of NACH registration from your bank


Can I use Monexo Grow without making an initial lumpsum investment of atleast Rs 50,000 ?

You will be eligible to use Monexo Grow only if you make / have made an initial deposit amounting to atleast INR 50,000 to the Monexo Escrow account.

Can I continue to make lumpsum investments while Monexo Grow is activated for my investment account ?

Yes, you can continue to make lumpsum deposits for investments on Monexo even while using the Monexo Grow systematic investment option

What is the minimum and maximum monthly investment amount for Monexo Grow ?

The minimum monthly investment amount is Rs 5,000 and the maximum monthly investment amount is Rs 50,000

What is the minimum and maximum period of investment ?

Minimum investment period is 3 years. There is no maximum period. However you can cancel your Monexo Grow investment mandate at any point of time subject to a notice of atleast 30 days.

Which day of the month will my bank account be debited towards my monthly investment in Monexo Grow ?

You are given a choice of two dates - 7th / 15th of the month. If either of the dates happens to be a bank holiday, we will debit your account on the next working day. 


How long will it take to get Monexo Grow activated for my account ?

Once you courier the hard copy of the Monexo Grow NACH registration form, it will take upto 25 days to get Monexo Grow activated on your account. Once after we receive confirmation of NACH registration from your bank, will we start debiting your account with prior intimation over email.

How will I know that Monexo Grow has been activated for my account ?

Post confirmation of NACH registration from your bank, you will receive an email confirming details of your Monexo Grow monthly investment mandate. 


What is the procedure to deactivate Monexo Grow for my account ?

To deactivate Monexo Grow, you just need to write to lend@monexo.co from your registered mail address mentioning your Customer ID. We will work with your bank to terminate the NACH for your monthly investment mandate and confirm deactivation within a maximum period of 30 days.

What is the procedure to modify my existing Monexo Grow investment mandate ?

To make changes to your activated Monexo Grow investment mandate, you need to write to lend@monexo.co from your registered mail address mentioning your Customer ID.  We will issue a fresh Monexo Grow NACH registration form and you will need to make the necessary changes in line with your new monthly investment mandate. Post receipt of courier with the hard copy of your revised Monexo Grow NACH form - we will work with your bank to terminate your previous investment mandate and get the revised mandate registered.

How much time will it take to terminate / modify my existing Monexo Grow investment mandate ?

It will take upto 30 working days to terminate / modify your existing Monexo Grow investment mandate.

I have more questions on Monexo Grow - who do I reach out to ?

For any further questions on Monexo Grow - please write to us on lend@monexo.co or call us on 044-66699666 and press option 2.