Lendbox is India's leading Peer-to-peer lending platform, licensed by RBI as an NBFC-P2P. P2P lending is a high return lending option where you can lend money online to hand-picked and creditworthy borrowers.
Lendbox is India's leading peer to peer lending marketplace that connects high quality, salaried, creditworthy borrowers with smart lenders online.
Why lend with Lendbox?
✦ Average returns of 24.5% ✦ Paperless KYC & Verification ✦ Trusted by more than 28,000 lenders ✦ Rigorous borrower screening with physical verification ✦ Wealth management services ✦ End-to-end recovery and legal support ✦ Monthly repayment through EMIs ✦ No hidden charges or fees ✦ 100% Transparent & easy to use
Loan details: Loan Amount Range: 5,000 - 15,000 Minimum loan tenure: 91 days Maximum loan tenure:720 Days Maximum Annual Percentage Rate (APR): 26%
Example loan calculation Loan amount: ₹ 10,000 at interest rate of 25% APR (annual percentage rate). Loan Duration: 3 Months Total Interest = ₹ 934 Processing fees (PF) + GST = ₹ 500 + Rs 180 = ₹ 680 Total repayable Amount: ₹ 16614 Monthly EMI Repayable: ₹ 10,000 The deductibles (interest + PF + GST) are deducted upfront during the loan disbursal.
To know more, visit https://www.lendbox.in or call us at +91-7291029298