LenDenClub: P2P Lending App 4.2.7

About LenDenClub :

LenDenClub has been chosen by over 1 crore users in India. When will you join?

LenDenClub is India's largest Peer-to-Peer (P2P) Lending platform offering various lending options such as Lumpsum and Monthly Income Plans. It is owned by Innofin Solutions Pvt. Ltd. and has been an RBI-registered P2P-NBFC, operating a secure and trusted financial platform since 2015. FMPP lenders have earned up to 15% p.a. since its inception.

Key Points:

• Lending amount starts from as low as INR 10,000.
• Trusted by over 1 crore users.
• Over INR 13,000 crores lent on the platform till now.
• RBI-registered NBFC-P2P.
• Funds handled securely through ICICI Trusteeship Services.
• Offers best Lending Plans (Lumpsum, Monthly Income Plan, and Manual Lending).

Performance of FMPP (Annualized Returns) in October 2023:

• Max: 10.15%
• Average: 10.11%
• Min: 10.05%

How does FMPP work?

FMPP invests your money using proprietary AI algorithms in creditworthy borrowers seeking loans. All borrowers on the LenDenClub platform undergo thorough KYC and credit assessment checks based on over 600 parameters. Additionally, their robust repayment mechanism is backed by a dedicated collections team.

Credit risk is further reduced through AI-powered hyper diversification of lent amounts (as low as ₹1). These factors collectively distinguish it from other investment options, making it the top lending plan for Lumpsum, Monthly Income, and Manual Lending in India.

Key features of FMPP:

• Begin lending with as little as INR 10,000.
• No account opening fee.
• No withdrawal charges.
• Highly rewarding referral plans (Passive income).
• 100% digital account opening process.
• Funds handled securely via ICICI Trusteeship Services.
• Maximum lending amount of INR 50,00,000.

Lending options tailored to meet your financial goals:

• FMPP: Lumpsum - Invest once and earn big returns.
• FMPP: Monthly Income - Receive monthly interest payments in your bank account.
• Manual Lending - Handpick borrowers based on your preferences.

FMPP Lumpsum:

FMPP Lumpsum allows lenders to diversify their funds extensively down to ₹1 with flexible lending terms ranging from 1 to 6 years.

Minimum & Maximum Lending amount:

• Minimum lending amount - ₹10,000
• Maximum lending amount - ₹50,00,000

FMPP- Monthly Income Plan (MIP):

The FMPP- Monthly Income Plan offers investors a fixed monthly income with lending durations spanning from 1 to 5 years.

Minimum & Maximum Lending amount:

• Minimum lending amount - ₹1,00,000
• Maximum lending amount - ₹50,00,000

Manual Lending:

Manual lending is a new method of borrowing and lending where lenders have the freedom to select their own borrowers. Lenders can lend for loan tenures ranging from 1 month to 3 years, and the principal along with interest is credited back as soon as the borrower repays.

Minimum & Maximum Lending amount:

• Minimum lending amount - ₹500
• Maximum lending amount - ₹2,000

Documents Required:

• PAN Card
• Aadhaar Card
• Photograph

Eligibility Criteria:

• The lender must be an adult Indian citizen with valid KYC and an Indian bank account to participate on the platform.
• An adult Non-Resident Indian (NRI) with an NRO account and an Indian PAN card is also eligible.

Contact us at [email protected] for any queries.