General Queries
P2P(Peer to Peer) lending stands for an account to account for lending. It is a new way of arranging a transaction between two individuals/entities where on...
Fri, 5 Mar, 2021 at 2:19 PM
Each and every step of the lending and borrowing process is conducted online, through your LenDen account. Both lender and borrower will be communicated abo...
Fri, 5 Mar, 2021 at 2:19 PM
Diversification and Reinvestment strategy is the effective solution to reduce your overall risk and earn fruitful returns on our platform.
Fri, 5 Mar, 2021 at 2:19 PM
NPA is termed as Non-performing assets. Like banks and other financial institutes, we mark a loan as “Default or Write-off” after 90 days of non-repayment. ...
Fri, 5 Mar, 2021 at 2:20 PM
Yes, a company can also lend as an “Institutional” investor through LenDenClub. Below mentioned documents are required to create your Institutional account:...
Fri, 5 Mar, 2021 at 2:20 PM
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 c...
Fri, 5 Mar, 2021 at 2:21 PM
You can expect net returns of 12% - 15%. However, it varies investor to investor and may not be in this range. The Average Rate of Interest offered to borro...
Fri, 5 Mar, 2021 at 2:21 PM
Any resident Indian Individual / Entity (18+), who has a pan card and rupee-denominated bank account in India, can become an Investor on LenDenClub’s peer t...
Fri, 5 Mar, 2021 at 2:21 PM
In case LenDenClub shuts down, all repayments will be handled by SEBI authorized ESCROW agent. Irrespective of existence of LenDenClub, the loan agreements ...
Fri, 5 Mar, 2021 at 2:23 PM
Below is the policy for Referral Bonus: You (Referrer Lender) will earn Rs. 50 per referral which will be deposited to your LenDenClub Account once ...
Fri, 5 Mar, 2021 at 2:24 PM