HomeMedia CenterVakrangee partners with LenDenClub to offer lending and borrowing platform

Vakrangee partners with LenDenClub to offer lending and borrowing platform

Vakrangee has tied up with LenDenClub to provide investment and borrowing options to its customers in the remotest part of the country. LenDenClub is one of the leading peer-to-peer (P2P) lending platforms in India.

With this integration, customers of Vakrangee can now invest and borrow through LenDenClub seamlessly.

Under this partnership, Vakrangee, through its Nextgen Kendras and BharatEasy app, will now offer lending and borrowing platforms in remote parts of the country. With 70% of Nextgen Vakrangee Kendra outlets in Tier-5 and Tier-6 towns, Vakrangee will offer borrowing to the community in the unserved/underserved parts of the country.

Credit: https://www.business-standard.com/article/news-cm/vakrangee-partners-with-lenddenclub-to-offer-lending-and-borrowing-platform-121100700903_1.html

LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping lenders diversify their investments beyond traditional investment instruments ever since.

About

Lending

The Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by Innofin Solutions Private Limited, and does not provide any assurance for repayment of the loans lent through its platform.

LenDenClub is an Intermediary under the provisions of the Information Technology Act, 2000 and virtually connects lenders and borrowers through its electronic platform via the website and/or mobile app.

The lending transaction is purely between lenders and borrowers at their own discretion, and LenDenClub does not assure loan fulfilment and/or lending simple interest. Also, the information provided on the platform is verified or checked on the best efforts basis without guaranteeing any accuracy of the data/information verification. Any lending decision taken by a lender on the basis of this information is at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower, fully or partially. The risk is entirely on the lender. LenDenClub will not be responsible for the full or partial loss of the principal and/or interest of lenders’ lending amounts.

*This is an annualized yield and is subject to the maximum FMPP tenure, which is 5 years. P2P lending is subject to high risk and may cause an entire loss of principal.
 

*P2P lending is subject to risks. And lending decisions taken by a lender on the basis of this information are at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower.

** Average value mentioned is the weighted average of simple interest received by lenders

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