FAQ’s

General Questions

  • Pari (Par-ree) is a peer-to-peer lending platform that allows family and friends to lend and borrow money with customizable loan terms. Our platform provides a secure and transparent way to manage personal loans.

  • Lenders can offer loans with personalized terms, and borrowers can request loans from trusted friends and family. Both parties agree on the terms, and transactions are securely processed through the app.

  • Creating an account is free. However, we charge a small transaction fee for loans, and we offer premium features through a paid subscription.

  • Unlike banks or payday lenders, we facilitate loans between individuals who already know and trust each other, offering more flexible and fair terms.

Lending & Borrowing

  • Simply create a loan offer, set the terms (interest rate, repayment schedule, due dates), and send it to the borrower. Once they accept, the funds are transferred.

  • You can request a loan from friends or family by specifying the amount, repayment terms, and any other details. Lenders can review and approve your request.

  • Yes! Both lenders and borrowers can negotiate and agree on custom loan terms, including repayment schedules, interest rates, and due dates.

  • If a borrower misses a payment, the lender will receive an alert. The app provides reminders, and optional premium features include automated repayment enforcement.

Fees & Payments

  • Yes, we charge a small transaction fee on each loan. There are also optional paid subscription plans for premium features.

  • Payments are securely processed through linked bank accounts or mobile payment options like ApplePay and GooglePay. The app tracks and schedules payments to ensure a smooth experience.

  • Yes! Borrowers can repay their loans early, and lenders can choose whether to charge any early repayment fees.

Security & Privacy

  • Absolutely! We use bank-grade encryption to protect all transactions and personal data.

  • No, only the lender and borrower involved in a transaction can see the loan details.

  • We offer a dispute resolution feature where both parties can communicate.

    Coming Soon: In premium plans, we provide mediation support.

Account & Support

  • You can sign up using your email or phone number and link your preferred payment method to start lending or borrowing.

  • Currently, we only support transactions in the USA. We are working to expand to more regions soon.

    You can submit a request for us to expand into your country HERE

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