If you do not want to go in the hassles of the grueling bank loan process, then peer to peer loans is a good option for you. People generally go for bank loans, as they find the interest rate to be quite low. However, the bank loan process is tiring and often you would not get the desired amount that you need badly. In such a situation, it is always better to opt for personal loan from a trusted lender.
LenDenClub is a platform for peer to peer lending and borrowing. Borrowing money through LenDenClub is a hassle free experience. You online apply for a loan, submitting basic information about yourself. Your loan application will be reviewed at the earliest possible time and get it listed on the platform. LenDenClub technology platform verifies all of your details through trusted sources. Borrower will get updates when his/her loan application approval or disapproval. If you share all correct information with LenDenClub, be assured that your loan application will be approved. Upon approval, your loan is up and listed for funding. Your loan disbursement can happen as early as within 48 hours, if your credit profile is strong! So, LenDenClub is a bridge between borrowers and lenders. The sole aim of this platform is to benefit both lenders and borrowers.
How to register on the platform?
You must be thinking from where to start? If you are looking for personal loan in Mumbai or any other metro city, all you need to do is to sign up with LenDenClub website and complete registration process. Upon signing up, you will get a user ID and a password. Log into your account and fill up the basic loan application form to initiate loan application. The form will ask you for basic personal identification information. For example, you need to provide your age proof, PAN, address proof, bank account number, etc. It is noteworthy that you must be more than 21 years old to avail personal loans from LenDenClub. At the moment LenDenClub offers personal loans in Mumbai, Pune, Nagpur, Ahmedabad, Vadodara.
What are the Benefits of P2P lending?
Availing personal loans through LenDenClub would benefit you in various ways:
1. Avoid High Interest Rates
When it comes to personal loans, all types of personal loans, except personal loans from banks, come with high rate of interest. This is definitely a concern for the borrowers. With peer to peer loans from LenDenClub, you can get a loan at lower interest rate, which is certainly convenient for all sorts of borrowers.
2. Flexible Loan Repayment Installments
For personal loans through LenDenClub, borrowers always have the ease to enjoy flexible repayment options. Set your own loan repayment tenure, according to your income projection. LenDenClub ensures borrowing money should get convenient for you in your own terms, not only the terms that are set by the lending institutions.
3. Transparent Process
There is no hidden charge at all. The process of instant personal loan through LenDenClub will be seamless as LenDenClub assures a completely transparent process of borrowing. There is no involvement of any third party, and thus no questions of extra fees and commissions. Only fees borrower pays is monthly interest to the lender and one time arranger fees to LenDenClub.
At the moment, LenDenClub is accepting loan requests for personal loans in Mumbai, Pune, Nagpur, Ahmedabad, Vadodara.