LenDenClub > Loan > Debt Consolidation

Debt Consolidation

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About Debt Consolidation Loan

Every individual passes through a bad patch in life when you opt-out for multiple money borrowing options. If you are one of those, are you not tired of managing EMIs of many small loans? Go for debt consolidation loan to reduce the number of EMIs and also the cost. Your debt is paid off quicker, saving you time, money and stress. We assess every borrower by offering customized debt consolidation loan offers, making sure that our financial solutions are a perfect match to your financial troubles.

Wait no more, apply for a debt consolidation loan from LenDenClub – India’s Best Peer to Peer Lending platform.

Get Debt Consolidation Loan

Why Get a Debt Consolidation Loan from Us

No credit history? No problem. Get loans from peer to peer lending.

Fast Approval

With the help of digital automation, we have made our loan approval process much faster compared to any bank. We are continuously improving to provide you instant debt consolidation loans. Apply now to give it a try.

Flexible Interest Rates

We do not have rigid interest rates. Interest rates are linked to the borrower’s credit score calculated through our internal credit rating process. A better LenDen score ensures a lesser rate of interest for the borrower.

Easy Processing

Our user friendly and tech enabled platform ensures that getting your loan approved is simply a few clicks away. Do not go by our words, try our platform to fulfill your loan needs. Start applying for your loan now!

No Prepayment Charges

No additional charges if you want to close your debt consolidation loan earlier. We provide the flexibility of prepayment to our borrowers.

Get financing for whatever you need now

Get Debt Consolidation Loan

Debt Consolidation Loan - Eligibility

All salaried employees can get a loan from us. Check if you are eligible below.

Age

The borrower’s minimum age should be 21 and maximum should be 55.

Income

Minimum Net Monthly Income should be over Rs 12,000

Bank Default

Must have no record of loan/credit card defaults after Jan 2012.

Stay Type

The borrower should be staying with family or friends.

Locations

Resident of Mumbai, Pune, Ahmedabad, Nagpur or Bangalore.

Employment Type

Only salaried individuals are eligible to apply for a loan.

Frequently Ask Questions

What is LenDenClub?

LenDenClub is one of the fastest growing Peer to Peer (P2P) lending platforms in India. It connects a lender looking to lend their money with creditworthy borrowers looking for debt consolidation loan. Learn more about us here.

How do I get started?

Click here to create your borrower profile by providing required information. It is just a 2 step process. Your profile will be assessed based on our credit & risk policies. Once approved, your profile will be listed on the platform. Any lender, who finds your profile suitable, will fund your loan.

What documents are required for debt consolidation loan application?

You need to submit a few documents regarding your identity and income, which are:

  1. Pan Card
  2. Passport/Aadhar Card (compulsory) /Voter ID
  3. Last two months salary slips
  4. Last two months salary account statement
  5. Passport Size photograph

In case you are staying at rental premises, you need to submit a rent agreement copy as well.

What is fee structure of loan availed from LenDenClub?

LenDenClub charges two type of fees from borrowers.

  1. Fixed registration fee of Rs. 750 is charged from each borrowers at the time of registration. LenDenClub charges these fees to recover cost incurred towards assessment of the borrower. Registration fee is a one time fees paid by the user and it is non-refundable.
  2. Loan processing fee is charged at the time of loan disbursal. Processing fee is 4% of the loan amount or Rs. 2000 (whichever is higher) and applicable taxes. The amount is deducted from the disbursed amount.

Our Other Loan Products

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.

To invest: cs@lendenclub.com

For Loan: loan@lendenclub.com

Disclaimer

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.

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