Lending

What are the charges for cancelling an investment?
The charges for canceling the investment is Rs.1000. To cancel your loan, please email us at invest@lendenclub.com.  Please note: Cancellation or change...
Mon, 9 Dec, 2019 at 3:02 PM
For what tenure shall I lend?
You can lend for the tenure of 1 month to 24 months based on your repayment expectation.
Mon, 9 Dec, 2019 at 3:02 PM
What is LenDenClub Credit Score?
LenDenClub Credit Score is calculated based on various permutation combination of borrower’s verified details. We verify more than 100 data points of the bo...
Mon, 9 Dec, 2019 at 3:02 PM
Can I choose a nominee?
Yes. Any family member can be a nominee. We need PAN card copy of the nominee to register. You may email us at invest@lendenclub.com to register a nominee.
Mon, 9 Dec, 2019 at 3:02 PM
How LenDenClub works?
LenDenClub is a peer to peer lending platform. We have borrowers who are looking for loan and investors who want to invest their money. Borrowers are listed...
Mon, 9 Dec, 2019 at 3:02 PM
Why should a lender diversify his portfolio?
Dividing portfolio among many borrowers will protect you against any possible default by the borrower. Diversification is the biggest risk mitigation in P2P...
Mon, 9 Dec, 2019 at 3:02 PM
How can I manage my risk on LenDenClub?
Diversification is the best solution to reduce the risk. It will help to reduce risk and earn higher returns.
Mon, 9 Dec, 2019 at 3:02 PM
Is the interest taxable?
Yes, the interest in the LenDenClub loans is taxable. A lender can download the income statement for the calculation of taxes. To download your income sta...
Mon, 9 Dec, 2019 at 3:02 PM
What returns can I expect?
Returns are 12.5% to 35% . Average returns of the platform have been around 27.1%. You can build your portfolio as per your return expectations.
Mon, 9 Dec, 2019 at 3:02 PM
How LenDenClub verifies borrower profile?
LenDenClub verifies each borrower profile through a five-point credit check. Personal Details Verification Professional Details Verification Financi...
Mon, 9 Dec, 2019 at 3:02 PM