If you are planning a wedding or that vacation abroad and running short of funds, a personal loan can be your way out. It can not only help you fulfill your goals, but also save you from breaking your bank. A personal loan will make your life worry-free since you can use the money today and repay in installments over a period of time. Among many, the biggest benefit of a personal loan is collateral free and can be taken for a short duration of time.
So, what are you waiting for? With a personal loan now you can get on that plane to the destination of your dreams or give your home the makeover it deserves.
Our personal loan is a simple & hassle-free process. No more physical documentation, if you apply for a personal loan at LenDenClub.
All salaried employees can get a personal loan from us. Check if you are eligible below.
The borrower’s minimum age should be 21 and maximum should be 55.
Minimum Net Monthly Income should be over Rs 12,000
Must have no record of loan/credit card defaults after Jan 2012.
The borrower should be staying with family or friends.
A resident of Mumbai, Pune, Ahmedabad or Bangalore.
Only salaried individuals are eligible to apply for a loan.
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 short-term personal loans.
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.
You need to submit a few documents regarding your identity and income, which are:
Pan Card
Passport/Aadhar Card (compulsory) /Voter ID
Last two months salary slips
Last two months salary account statement
Passport Size photograph
In case you are staying at rental premises, you need to submit a rent agreement copy as well.
LenDenClub charges two type of fees from borrowers.
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.
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.
Here is an exhaustive list of all the fees and charges to be paid for the instant personal loan.
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For further details, please Click here
Disclaimer
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 investment returns. 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 investment 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’ investment amounts.
*P2P investment is subject to risks. And investment 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.
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