Repayments

What are the delay charges paid by borrowers?
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 If...
Mon, 9 Dec, 2019 at 3:02 PM
How would be the repayments carried out in case LenDenClub shuts down?
The payments are handled by SEBI authorized ESCROW agent. If LenDenClub shuts down, the loan agreements are still valid and all the payments are handled by ...
Mon, 9 Dec, 2019 at 3:02 PM
Where would I get repayment from borrowers?
Monthly repayments are routed through LenDenClub pool account, which then gets transferred to your registered bank account.
Mon, 9 Dec, 2019 at 3:02 PM
How does the investment transfer happen?
The transfer of the loan will happen directly through lender’s bank account to the escrow account and from escrow account to borrower’s bank account.
Mon, 9 Dec, 2019 at 3:02 PM
Does LenDenClub have the authority to debit the EMI from borrowers?
We sign an auto debit form, also known as NACH by the borrowers that give LenDenClub the authority to deduct the EMI directly from the bank account of the b...
Mon, 9 Dec, 2019 at 3:02 PM
Where to track the borrower’s EMI?
To track the EMI of borrower's, you can log in to your LenDenClub Dashboard, go to Reports and check EMI Report. You can also download the report in yo...
Mon, 9 Dec, 2019 at 3:02 PM
What are the efforts taken for loan recovery?
LenDenClub has its own recovery team to continuously follow up with the borrowers in case they delay in loan repayment. Our team also ensures that the borro...
Mon, 9 Dec, 2019 at 3:02 PM
How does the repayment take place?
Borrowers repay their EMI every month, that goes directly to the Lender from our escrow account. The EMI includes Principal + Interest.
Mon, 9 Dec, 2019 at 3:02 PM
Can I get personal details of any borrower
We help you with some basic details of the borrower on our platform Like their demographic details, Employer details,Credit history summary,etc., You can ge...
Mon, 9 Dec, 2019 at 3:03 PM