In case the Loan amount is Rs.10000 or less


  • If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 250
  • If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 500
  • If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 750
  • If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 1000
  • For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount



In case the Loan amount is less than Rs. 100,000


  • If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 750
  • If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 1,500
  • If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 2,250
  • If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 3,000
  • For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount




In case the Loan amount is more than Rs. 1,00,000 and less than Rs. 3,00,000


  • If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 1,000
  • If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 2,000
  • If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 3,000
  • If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 4,000 .
  • For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount.



In case the Loan amount is more than Rs. 3,00,000


  • If the Borrower has delayed his repayment by a week (7 days from EMI date), he will be charged Rs. 1,500
  • If the Borrower has delayed his repayment by 2 weeks (14 days from EMI date), he will be charged Rs. 3,000
  • If the Borrower has delayed his repayment by 3 weeks (21 days from EMI date), he will be charged Rs. 4,500
  • If the Borrower has delayed his repayment by 4 weeks, he will be charged Rs. 6,000
  • For delays of an EMI beyond a month, the Borrower will be charged an additional 2% penal interest rate; on the overdue amount.



All these charges will be divided among investors and LenDenClub. These charges will be applicable on loans disbursed April 1, 2017, onwards. The delay charges are distributed in the ratio of 40:60 wherein 40% is credited to lender and 60% to Lendenclub.