HomePress ReleaseLenDenClub turns profitable, aims at crossing 1,200 crores mark in loan disbursement in FY22

LenDenClub turns profitable, aims at crossing 1,200 crores mark in loan disbursement in FY22

LenDenClub turns profitable, aims at crossing 1,200 crores mark in loan disbursement in FY22 

  • Targets 1200 crores disbursal by FY 2021-22
  • 2 lakh loans annually, with an average ticket size of Rs. 30,000
  • Expanded its flagship digital lending platform InstaMoney to pan-India available across 19,000 Pincodes
  • First P2P lending platform on Google Pay – enabling customers to lend and borrow as making payments through GPay
  • Company has one of the lowest NPA in the unsecured digital lending space at 3.95% as on 31 March 2021

May 6, 2021: LenDenClub, India’s fastest-growing peer-to-peer lending platform, today announced that it has crossed the 500 crores mark in loan disbursements in Financial Year 2020-21. The company also added that it has turned operationally profitable in this financial year.

LenDenClub registered loan disbursements close to Rs. 600 crores in FY 20-21 as against Rs. 60 crores in FY 19-20 and Rs. 13 crores in FY 18-19. The company thus reported a Y-o-Y growth of 1,000%. The company aims to scale up substantially, eyeing a five-fold growth in the next two years and aims to disburse Rs. 1,200 crores worth loan in FY 21-22.

 The company has provided loans to over 1,30,000 unique borrowers and cumulatively 3,60,000 loans, primarily to young salaried professionals. The company is inching towards Rs. 100 crores a month. It processes over 25,000-30,000 loan applications and disburses about 15,000 loans every month. The P2P lender currently has a user base of over 15 lakh borrowers and 4.5 lakh lenders on its platform. 

 The company is highly bullish on the P2P lending space, especially in a post-Covid scenario. It currently has a loan book of 2 lakh annually, with an average ticket size of Rs. 30,000. The company is bullish on strong demand and eyes fresh disbursements of Rs 1,200 crores in the current fiscal, thereby earmarking an annual disbursement rate of around Rs. 2,500 crores at the end of the fiscal. Recently, it also became the first P2P lending company to integrate with Google Pay, going live on its platform, allowing customers to borrow and lend seamlessly, along with making payments. 

 Additionally, the fintech lender has expanded its flagship digital lending platform InstaMoney to pan-India. From its presence in 7 states, the company has expanded the footprint of its key offering to pan-India whereby borrowers from over 19,000 pin-codes can now seamlessly apply and get the fastest P2P loans. This has helped the section of the population living in tier 3 cities and rural regions not covered by banks especially in the small ticket loan category of up to Rs. 10,000. The company has one of the lowest NPA in the digital lending space of 3.95 %. 

Speaking on occasion, Bhavin Patel, Co-founder & CEO, LenDenClub, said, “We are aiming at big growth in this fiscal after great FY21. It is a testimony to the rapidly evolving banking sector, making consumer centricity the primary goal. After the economy has opened up in September 2020, we have witnessed a fresh upsurge in demand for credit across both retail and businesses. We believe that current year will also witness muted growth in the first quarter and then grow exponentially over the next three quarters. Lending is poised to grow at its highest rate in the next three years, and P2P lending will be one of those important elements in lending growth.”

 “At LenDenClub, our primary focus has been technology and building futuristic customer centric-products and algorithms for our customers. While on the lender side, we have a unique loan matching algorithm to get them better returns, on the borrowers side, we have the best performing borrower selection algorithms.” he further added.

 LenDenClub aims at  fostering financial inclusion and in serving the marginalised, low-income groups and credit-starved MSMEs. With the lockdown altering the country’s digital scenario and ushering in digital banking solutions, there has also been an acceleration of automation and API process optimisation. LenDenClub offers an excellent alternative investment opportunity for investors to lend on its platform and earn better net returns than some of the other investment products available. 

 The company hopes to scale up disbursement volumes to 500 crores on a month-on-month basis by FY 23-24 while working towards becoming one of the top lending institutions in the country.

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.



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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