Borrower's Repayment Queries

What are the delay charges paid by borrowers?
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 ...
Sat, 4 Apr, 2020 at 1:43 PM
How does my investment get transferred to borrowers?
You will have to add funds in your lenden account (Escrow account) post which you can invest funds in borrower profiles. On successful investment and 100% f...
Mon, 30 Mar, 2020 at 4:57 PM
How does the repayment take place?
The borrower pays EMI through ECS / manual payment/payment gateways which is credited to the lendenclub account. It is then credited to your escrow account ...
Mon, 30 Mar, 2020 at 4:59 PM
Can I change the source to credit my repayments from borrowers
Your EMI repayment will be credited only to your lenden account (Escrow account). We cannot change the source for the repayment credit. As per regulatory re...
Mon, 30 Mar, 2020 at 5:00 PM
Where to track the borrower’s EMI?
To track the EMI’s of borrowers, you may access the EMI Statement report in your LenDen account. You may follow the below path to access this report: Le...
Mon, 30 Mar, 2020 at 5:01 PM
Can I expect EMI credit on due date itself?
At Lenden Club, we follow the T+3 process (transaction date + 3 working days) where your EMI repayment will be credited after 3 days from the due date.  ...
Tue, 7 Apr, 2020 at 3:36 PM
What are the efforts taken for loan recovery?
We have built-up a recovery mechanism wherein our recovery team continuously follows up with the delayed borrowers to recover the amount. Our team also ensu...
Mon, 30 Mar, 2020 at 5:04 PM
Can a borrower pre-close the loan?
Yes, after 3 months the borrower can pre-close the loan. There are no pre-closure charges.
Mon, 30 Mar, 2020 at 5:07 PM
What is the procedure to withdraw the funds?
We have a very convenient and hassle-free process to withdraw funds from your lender account. You can place the withdrawal request through your LenDen accou...
Mon, 30 Mar, 2020 at 5:44 PM