Following is an illustration of the delay charges applicable to the borrower if he/she defaults:

In case the Loan amount is less than Rs. 100,000


  1. If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 750

  2. If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 1,500

  3. If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 2,250

  4. If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 3,000

  5. For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount

In case the Loan amount is more than Rs. 1,00,000 and less than Rs. 3,00,000


  1. If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 1,000

  2. If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 2,000

  3. If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 3,000

  4. If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 4,000 h.

  5. For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount

In case the Loan amount is more than Rs. 3,00,000


  1. If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 1,500

  2. If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 3,000

  3. If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 4,500

  4. If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 6,000

  5. For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount

All these charges will be divided among lenders and LenDenClub. These charges will be applicable on loans disbursed April 1, 2017 onwards