Yes, the interest received on loans is taxable as per your tax bracket. LenDenClub does not deduct TDS. A lender can download the income statement for the calculation of taxes.


To download your income statement, log in to your LenDen Account, go to Portfolio page, scroll down under reports section, select your desired report type and duration and the report will be directly mailed to your registered 


LenDenClub will provide you annual income statement after completion of each fiscal year.