Loan cycles (Avg. Loan Tenure of 6 months) : 2
ROI: 23%
Platform Facilitation Fees: 3%
NPA for 2 loan cycles: 8%
Hence return: (23 – 8 – 3) = 12% p.a.
As per the platform data submitted to the Reserve Bank of India (RBI)
The graph displays the quarter wise number of loans that the platform has disbursed till date.
The graph displays the quarter wise number of loans that the platform has disbursed till date.
The graph displays the cumulative number of registered investors at the end of every quarter.
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, 1999 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.
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