LenDenClub - P2P Lending 4.0.0

LenDenClub - P2P Lending 4.0.0

Innofin Solutions Private Limited – Freeware – iOS
out of 9 votes
Latest Version
4.0.0

About LenDenClub

Hardik chose LenDenClub, when will you?

Invest like Hardik on India's largest Peer-to-Peer (P2P) Lending platform. LenDenClub, a venture of Innofin Solutions Pvt. Ltd., is an RBI-registered P2P-NBFC that has been successfully providing a secure and reliable financial platform since 2015. FMPP investors have earned up to 12% p.a. since its inception.

Why Choose LenDenClub?

  • Low minimum investment amount of INR 10,000
  • Trusted by over 2 million investors
  • INR 11,000 Crore Investments on the platform since establishment
  • RBI-registered NBFC-P2P
  • Funds handling secured through ICICI Trusteeship Services

FMPP Performance (Annualized Returns) in Q1 FY24:

  • Minimum - 11.47%
  • Average - 11.85%
  • Maximum - 11.92%

How does FMPP work?

FMPP uses proprietary AI algorithms to invest your money in creditworthy borrowers applying for loans. All borrowers on the LenDenClub platform undergo strict KYC and credit evaluation checks based on over 600 parameters. The robust repayment system is backed by a dedicated collections team. AI-driven hyper diversification of invested amounts (as low as ₹1) further reduces credit risk, distinguishing it from other investment opportunities.

Key Features of FMPP:

  • Start investing with as low as INR 10,000
  • No account opening fee
  • No withdrawal charges
  • Outstanding referral plans for passive income
  • 100% digital account opening process
  • Funds handled securely via ICICI Trusteeship Services
  • Maximum investment amount of INR 50,00,000

Documents Required:

  • PAN Card
  • Aadhaar Card
  • Photograph

Eligibility Criteria:

To become an investor on the platform, one must be an adult Indian citizen with valid KYC and an Indian bank account. Adult NRIs with an NRO account and Indian PAN are also eligible.

If you have any questions, please contact us at invest@lendenclub.com

Security & Privacy Protection:

The LenDenClub app adheres to international standards of high-level data encryption/decryption protocols to safeguard user data.

Risk Disclaimer: P2P investments carry inherent risks. Investment decisions based on this information are solely at the lender's discretion, and LenDenClub cannot guarantee the recovery of the loan amount from the borrower.

Overview

LenDenClub - P2P Lending is a Freeware software in the category Business developed by Innofin Solutions Private Limited.

The latest version of LenDenClub - P2P Lending is 4.0.0, released on 06/17/2024. It was initially added to our database on 06/17/2024.

LenDenClub - P2P Lending runs on the following operating systems: iOS.

Users of LenDenClub - P2P Lending gave it a rating of 2 out of 5 stars.

Pros

  • User-friendly interface that makes lending and borrowing easy.
  • Offers attractive interest rates for lenders compared to traditional banks.
  • Allows diversification of investments by connecting users with various borrowers.
  • Secure platform with strict verification processes for both lenders and borrowers.
  • Provides a range of investment options in different sectors and amounts.

Cons

  • Regulatory risks associated with P2P lending in India.
  • Higher default risk compared to traditional financial institutions.
  • Limited information available about borrowers may lead to less informed lending decisions.
  • The platform may charge fees for transactions, reducing overall returns for lenders.
  • Not all loans may be fully funded, leading to potential delays in fund allocation.

Screenshots (Click to view larger)

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