Why does gold and silver plan have a fix investment period? If the plan is valid for a year then why the lock-in period for 24 months? Does this mean I’m restricted for withdrawals? The Gold plan has a fix investment period of 24 months and the Silver for 12 months.
The Lock-In period is for the loan and not for the plan. Also, you are not restricted to withdrawals but any withdrawal before the investment period will affect badly on your returns. we suggest holding the money for the tenure shown in your investment plans else you may not be able to achieve desired returns.
Why do I never see profiles in low to moderate risk (irrespective of lockdown period)? We have a high demand for our product InstaMoney i.e short term loan. The ticket size is Rs. 10,000. Hence, the short term loans come with high-risk and this is the reason you never see profiles in low to moderate risk (irrespective of the lockdown period). As well, please do not worry about the risk categories of the borrowers. The more important parameter in P2P investments is to match the platform portfolio to maximise your returns. Please leave the diversification and return maximising efforts to our system.
Money is lying idle in the account, not getting invested/AI is not working? This generally wouldn’t happen. The money would only be idle in your account if in the system we have too many investors lined up in the Auto Invest queue. The gold and silver AutoInvest plan, diversity and reinvest your money to provide you with better returns in the long run.
What if I invested 1 lakh, what exact figure will I receive after a year. Can you help with an example? If you invest Rs. 1 lakh, you may expect possible returns of 15-17% in 12 months. Though p2p returns are linked to borrower default risk, if done so using AutoInvest, it will diversify your investment with a number of borrowers giving you more security in the returns. Also, to understand the exact figure on the invested amount, we would suggest using EMI Calculator. Since EMI Calculator shows the exact figure you would receive after a year.
How to track my investment/best way to track my p2p investment? You can refer to an investment history report where you will be able to check all the borrowers whom you have invested. In this report, you will be able to check Principal Outstanding of all the loans you have invested. Along with this, there are many other details that you can check here as Amount Invested, Tenure of Investment, Emi, Interest Repaid etc.
What strategy I should use while investing money in LDC and why? We recommend the strategy of diversifying your loan amount with multiple borrowers with small loan amount for risk-diversification and reinvesting your money which leads to better returns and increases your portfolio value simultaneously. Moreover, investing your amount for a longer period of time will maximize your returns.
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.
Our automated, simple to use, transparent and hassle free P2P lending platform ensures that the borrowing needs of salaried individuals are met quickly and efficiently. By connecting lenders and borrowers in the peer to peer lending space, we create a win-win situation for both lenders and borrowers.
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 on it.
LenDenClub is an Intermediary under the provisions of the Information Technology Act, 1999 and virtually connect lenders and borrowers through electronic platforms of website and/or mobile app. The lending transaction is purely between lenders and borrowers at their own discretion and LenDenClub does not assure loan fulfillment and/or investment returns. Also, the information provided on the platform are verified or checked on the best efforts basis without guarantying any accuracy in the data/information verification. Any investment decision taken by the lender on the basis of this information is at discretion of the lender and LenDenClub does not guarantee that the loan amount will be recovered back 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’ investment.