LenDenClub is India's leading Peer to Peer (P2P) Lending platform. Borrower can get fast personal loans. Earn higher returns through lending money online
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P2P Lending, Peer To Peer Lending in India - LenDenClub
1.
2. Introduction
A novel P2P lending and borrowing platform in IndiaIt allows individuals to get
fast personal loans or become lender to earn higher interest on their
investment. The platform helps lenders to multiply their money faster.
LenDenClub is one of the pioneer peer to peer (P2P) lending platformsin
India, which lists only pre-verified borrowers on the platform. Lenders can
browse borrower's profile before offering them any loan.
Across the world, peer to peer lending has helped millions of borrowers to get
hassle free loans at competitive rates and higher returns on investments for
lenders.
3. How Len-Den happens at LenDenClub?
LenDenClub connects creditworthy borrowers to lenders, who are interested
in higher returns on investments.
Online lending and borrowing process at LenDenClub makes it fast and simple
for borrowers to get loan and lenders to get higher returns on investments. A
win-win situation for both, lenders and borrowers.
Lender Protection Fund, is instituted to protect lenders' principal amount.
Kindly refer to our terms of services for more details on Lender Protection
Fund.
www.lendenclub.com
4. An Insight into Peer to Peer Lending Loans
Peer to peer loans, or marketplace loans have become very popular in recent
times. P2P lending platforms have provided a way to connect people who
need short term funds in a jiffy and people who may have excess funds lying
idle and are looking to earn good returns on them. With the increase in
internet and smartphone penetration, marketplace loans, or online loans have
grown rapidly.
Online loans can be a great option even when you have a poor or a fair credit
score. While traditional lenders such as banks and NBFCs may not approve
your loan application because of your lower credit score, a P2P lending
platform like LenDenClub may be able to help you get a loan online.
5. The Benefits of P2P lending platforms
P2P platforms like LenDenClub have tried to make peer to peer lending as hassle free as
possible. Such platforms facilitate investments by individuals by doing a due diligence on the
borrower profile, recommending an interest rate commensurate with the borrower’s profile
and also facilitate recovery. For the borrowers, they offer hassle free credit in a shorter time
than other financial institutions.
Anyone can become a lender by registering on these platforms and giving some basic details.
Lenders can choose to invest small sums (that could be as low as INR 10,000).
By choosing P2P lending platforms, lenders can be sure of monthly cash flows that are in the
form of EMIs and these are credited directly to the lenders’ bank accounts. This helps them
to compound their earnings in a short span and re-invest the same.
Platforms like LenDenClub also have recovery support and, lenders can be sure to receive
help when there is a loan default or a delay in payment.
With such benefits, P2P is soon becoming the most preferred choice of investors..If you
haven’t started investing yet, it is the right time to do so.
6. Register for lending
https://www.lendenclub.com/Blog/An-Insight-into-Peer-to-Peer-Lending-
Loans