Loan repayment related queries_1

How do I pay my loan EMI?
If your ECS Mandate is approved, you do not have to manually pay your loan EMI. The amount will be auto-debited from your bank account. However, if your ECS...
Mon, 9 Dec, 2019 at 3:02 PM
What is my loan EMI amount?
All loan related details are shown to you during the loan application process. If you have missed the details, you may login to your app and find all loan r...
Mon, 9 Dec, 2019 at 3:02 PM
What is my repayment date?
Repayment date is always two days ahead of your salary date to make it easier for your repay. To know the exact EMI date, please login to the app or check y...
Mon, 9 Dec, 2019 at 3:03 PM
Is there any prepayment charges?
No. There are no prepayment charges. You may prepay your loan, by paying full due amount at any time. Follow this article for payment related details.
Mon, 9 Dec, 2019 at 3:03 PM
Is my loan data reported to credit bureau like CIBIL, Experian?
Yes. We report the loan details to Experian, CIBIL and Equifax. If you have a good repayment history, it helps you increase your Credit score.
Mon, 9 Dec, 2019 at 3:03 PM
What if I delay in loan repayment?
Delaying in your loan repayment has negative effect in your overall credit history. It affects your Credit score which might cause problems in future loans....
Mon, 9 Dec, 2019 at 3:03 PM
Can I close my loan partially?
We currently do not have the option of Partial closure however you can always opt for Pre-closure/Foreclosure of your loan. Applicable for InstaMoney, Expr...
Mon, 9 Dec, 2019 at 3:03 PM
Will my EMI auto debit or do I need to pay manually?
If your NACH mandate is approved, the EMI will be auto-debited from your bank account on the due date. It is required to maintain sufficient balance 24 hour...
Mon, 9 Dec, 2019 at 3:03 PM
When can I reapply for a loan after closing an earlier loan with LenDenClub?
Once your existing loan is closed you will be able to re apply for new loan however if you have done the prepayment or made the payment before your due date...
Mon, 9 Dec, 2019 at 3:03 PM