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, click on portfolio tab, scroll down under reports section, select your desired report type and duration and the report will be directly mailed to your registered email id. You can also download Income Certificate which is currently available on web login. 


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