About Instant Personal Loans

An instant personal loan can help you fulfill all your requirements at the time of need. Be it for a wedding in the family, an urgent medical condition that requires immediate attention, an abroad trip, higher education of your children or home renovation. A personal loan comes handy in all these situations. It’s quick and easy where you don’t have to go through cumbersome processes. It’s even better when you take an instant personal loan from a peer to peer lending platform.

So, what are you waiting for? With an instant personal loans now you can get on that plane to the destination of your dreams or give your home the makeover it deserves. 

Apply for an instant personal loan

Why Get an Instant Personal Loan from LenDenClub

LenDenClub’s instant personal loans are simple, hassle-free and holistic in addition to being consumer-centric.

Fast Loan 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 loans. Apply now to give it a try.

Flexible Loan Interest Rate

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 Loan 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 loan earlier. We provide the flexibility of prepayment to our borrowers.

Have you faced problem in getting an instant personal loan approved from a bank? If yes, check your eligibility instantly!!

Get Instant Personal Loan

Instant Personal 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.

Everything you need to know about instant personal loans

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.

Instant Personal Loans Interest Rates & Charges

Here is an exhaustive list of all the fees and charges to be paid for the instant personal loans.

6.50%

Min apr

16.60%

Max apr

12.10%

avg apr

  • Description of Charges
    Charges
  • Registration Fee*
    Rs. 750/-
  • Loan Processing Charges*
    4% of loan amount or Rs. 2000/- (whichever is higher)
  • Pre-payment charges*
    NIL
  • Account Statement Charges
    NIL

For further details, please Click here

The most easiest way to get an instant personal loans

Expensive events like a big purchase, a family function, a home renovation project or an unforeseen accident drains all your savings resulting in a stressed out working capital. An instant personal loan a financial institution is the usual way out although that isn’t the case these days. Personal loans from such institutions takes a whole of time and your physical presence which isn’t always possible. Also, many a times the application itself doesn’t get processed quickly enough further delaying the disbursal stage. Even a single error in the application form results in cancellation of the loan altogether needing the applicant to re-apply for the same. How gruesome and tiring is this? And even if some of us are innocent enough to bear it, do we really have the time for it?

An instant personal loan from a peer to peer lending platform like LenDenClub is an option that you could go far without having to go through the tiring procedure of traditional institutions. LenDenClub is a trusted peer to peer lending platform for personal loans where borrowers get access to easy and hassle free online loans. The best thing about borrowing via LenDenClub is that you get a completely transparent process for borrowing. You can apply for a personal loan from LenDenClub here without having to do anything more than lift your fingers. Application and approval processes are easy, convenient and transparent.

How to get instant personal loans through LenDenClub?

At LenDenClub, you complete your personal loan application in just three simple steps. Here are those three simple steps at a glance:

Eligibility for instant loans

The process to get instant personal loans was never so easy before! There is no tiresome checking and scrutinizing processes like banks of lending institution as it is fully online. To get a loan, you need to qualify for a few minimum criteria as mentioned below:

  • You must be at least 21 years old – You should produce a valid age confirmation document
  • To get a peer to peer loan via LenDenClub, you need to have following doccuments
    • Pan Card
    • Aadhaar Card or Address Proof
    • Salary bank account statement for two previous months
    • Salary slips for the previous two months
    • Photograph

You can also check your loan eligibility here.

So, if you are looking for an instant personal loan, visit LenDenClub to find the most convenient method of borrowing money. The process is secure, simple, hassle-free and highly beneficial.

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