In case the Loan amount is Rs.10000 or less

If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 250

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

If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 750

If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 1000

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 less than Rs. 100,000

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 investors and LenDenClub. These charges will be applicable on loans disbursed April 1, 2017, onwards. The delay charges are distributed in the ratio of 40:60 wherein 40% is credited to lender and 60% to Lendenclub.