• LenDenClub Personal Loan

    LenDenClub is a peer to peer lending company which provides loan to its customers in a hassle-free manner at convenient rates of interest.

    You can avail a personal loan from LenDen Club at interest rate ranging between 6.5% to 20.95% for a repayment tenure between 3 month and 2 years. If you do not have any default write-ups you can avail a personal loan with loan amount ranging between Rs.5,000 and Rs.10,000.

    How does it work?

    When you apply for a personal loan from LenDen, you have to submit important documents and the application form. Various lenders both individual and institutional can lend you money. Once the amount is disbursed, you will have to repay the amount through EMIs which will cover the principal amount and interest rate to the lender.

    Important information about LenDen Club

    Name of the P2P lending Platform LenDenClub
    Interest Rate 6.5% to 20.95%
    Loan Amount Rs.25,000 – Rs.5 lakh
    Repayment Tenure 3 months to 24 Months
    Listing/ registration fee 750/- onwards
    Processing Fees
    • Loan upto 5,000-10,000 Up to Rs 400 plus applicable taxes (depending on loan amount)
    • Loans above Rs 10,000 - 4% or Rs 2,000?plus applicable taxes, whichever is higher?

    Why should you apply for a personal loan from LenDenClub?

    Some of the reasons why you must apply for a personal loan from LenDenClub are given below:

    • For renovation of home
    • If you are in need of your salary a bit earlier
    • Consumer Loan
    • Medical emergency
    • Consolidation of debt
    • Payment of school fees

    Why should you take a personal loan from LenDenClub?

    Some of the reasons why you must apply for a personal loan from LenDenClub are given below:

    • The whole process of applying for a personal loan from LenDen is very simple
    • Interest rates are flexible
    • You just have a to pay a nominal fee of Rs.750 as processing fee when you apply for a personal loan from LenDen Club

    Eligibility criteria

    The eligibility criteria to apply for a personal loan from LenDenClub is given below:

    • The minimum and maximum age must be 21 years and 55 years respectively
    • Minimum net monthly income of Rs.12,000
    • The borrower must be staying with his family, in a rented house or in their own house to be eligible
    • The borrower must not have defaulted on the payments of any loan previously
    • Borrowers residing in Mumbai, Bangalore, and Pune are only eligible to apply for a loan from LenDenClub
    • Should be a salaried individual

    Documents to be submitted

    The list of documents you will have to submit are:

    • Aadhaar Card
    • PAN Card
    • Salary slip for last two months
    • Bank statement for last three months
    • Rent agreement, and electricity bill which clearly mentions the current address of the borrower
    • Photographs

    How to apply for a personal loan from LenDenClub?

    • Visit the official website of LenDen Club
    • Scroll down and click on ‘View our Loans’
    • You can then click on the ‘Apply Now’ button
    • Fill the application form and submit the necessary documents
    • The company will verify the documents and the application form and if they are found to be correct, the loan amount will be disbursed to your bank account

    You can also download the LenDenClub mobile app on your phone and apply for a personal loan by using your credentials and log in to the portal. You will have to apply for a personal loan by submitting the application form and the necessary documents.

    LenDenClub Customer Care

    You can get in touch with a LendenClub customer care executive in the following manner:

    • You can send a mail to loan@lendenclub.com in case of any query and if you are a borrower
    • You can use the ‘Get in Touch’ facility available on the ‘Contact Us’ section of the page. All you have to do is provide basic information and type the message in the box and submit. A representative from the company will get in touch with you
    • You can send your queries via post to any one of the following addresses:

    CORPORATE OFFICE

    Unit No. 5, Mezzanine Floor, DLH Park, S V Road, Goregaon West, Mumbai, Maharashtra, India – 400064

    BANGALORE OFFICE

    3rd Floor, No. 22, Salarpuria Tower, Hosur Rd, AK Colony, Koramangala, Bengaluru, Karnataka 560095

    FAQs

    1. How soon will the loan amount be disbursed?
    2. It will take 2-4 business days for the loan amount to be disbursed to your bank account.

    3. Can I prepay my loan amount?
    4. Yes, you can prepay your loan amount 3 months after the servicing of loan. You can prepay your loan amount fully or partially.

    5. Are there any prepayment charges I will have to pay should I prepay my loan amount?
    6. No, there are no additional prepayment charges you will have to pay should you prepay your loan amount.

    7. Can I calculate the EMIs I will be paying based on the loan amount I will be availing?
    8. Yes, you can avail the EMI Calculator facility available on the official website of LenDen Club. All you have to enter is the loan amount you wish to avail, repayment tenure, and the interest rate, and you will be able to view the EMIs payable. You can enter different variables and check the EMIs payable.

    9. How is P2P lending different than regular banks?
    10. P2P lenders offer loans at flexible interest rates, and the application process is hassle-free.

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