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LenDenClub is one of the fastest growing peer to peer (P2P) lending platforms in India. It connects investors or lenders looking for high returns with creditworthy borrowers looking for short term personal loans.
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ABOUT LENDENCLUB A novel P2P lending and borrowing platformin India. It allows individuals to get fast personal loans or become lender to earn higher interest on their investment .The platform helps lenders to multiply their money faster
LENDING PROCESS 1. Register Register on LenDenClub as a lender by providing basic KYC information and a one time registrations fee of Rs. 500. No other hidden charges applicable. 2. Offer Loan Post investment, you can view pre-verified borrowers. Select the ones you want to offer loan to, based on the interest rate and amount you want to invest. 3. Repayment Receive monthly returns from the borrower and start growing your wealth. Lenders also have the option of reinvesting their earnings.
LDC processes loan disbursement and repayments through a third party SEBI registered escrow agent, Beacon Trusteeship Services Pvt. Ltd (BTS). • The escrow agent communicates with the LDC platform and on receipt of a transaction, gets it executed with our escrow bank IDFC Ltd. • An annual and monthly audit of the Escrow account is conducted by the escrow agent in adherence to the prescribed mandate.
Benefits at LenDenClub Solid Returns Sustained high returns on investments makes P2P lending a sought after investment option for fixed income investor. Monthly Cashflow P2P lending is the only high return instrument to fetch monthly cash flows with interest payments. No Volitality Traditional instruments such as equity, forex, commodity etc. have high volatility inherent to them resulting in notional or actual loses.