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Peer to Peer Lending

What is Peer to Peer Lending?

Peer to peer lending is the process of lending money to individuals or businesses through online lending platforms. Any individual investor or financial institution can become a lender of peer to peer lending and earn interest paid by the individual or business who has borrowed money.

Peer to peer platform is taking the banking model and revamping it entirely to create a favourable lending and borrowing climate. Peer to peer platforms function completely online, hence lenders can earn a higher rate of interest on their investments and the borrowers can get better rates.

How does Peer to Peer Lending work?

An individual or business who is looking for a loan goes to a P2P platform like LenDenClub to borrow money. Once the borrower is approved and listed, individual and institutional lenders can lend money to that borrower.

Once the borrower gets funded, he/she starts to make repayments every month. These repayments cover principal and interest which the lenders receive.

Is peer to peer to lending safe?

Similar to other investment asset classes, Peer to Peer lending also involves risk. The risk is highly dependent on the P2P lending platform and their credit policies which determine the quality of the borrowers. However, the risk can be minimised by following guidelines suggested for regular lenders.

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Instant Personal Loan for Any Reason

Need an instant personal loan to plan your wedding or family vacation? Are you falling short of cash to make your credit card payment or your rental deposit? Or it could be an emergency like a medical situation or needing an urgent advance salary as your regular salary has not yet been credited? While income can be delayed, our monthly expenses cannot wait for them. Whatever be the reason, LenDenClub understands your requirements and offers the right solution through our loans.

Why Take an Instant Personal Loan from Us?

Is your credit history a problem? Not for LenDenClub!

As a Peer to Peer (P2P) lending platform, LenDenClub is equipped to provide personal loans with quick processing and at flexible interest rates. As a customer, you can get an instant personal loan for any reason at an interest rate that is calculated according to a lot of parameters like your income, number of dependents, your credit worthiness etc. The entire loan disbursement is smooth and transparent. Being a technology platform, you are just a few clicks away from availing a personal loan from LenDenClub. Few ways LenDenClub’s Instant Personal loan are better for you. 

Eligibility Criteria for Instant Personal Loan

All salaried employees can get a loan from us. Check if you are eligible below.

As long as you are a salaried employee, you are eligible for a personal loan from LenDenClub. Unlike regular banks, we offer instant personal loans to a wider range of eligible customers. If you are below the age of 55 and earn a net monthly salary of Rs. 12,000/- (or more), you are eligible for a loan from LenDenClub! What’s more, you can use our online platform to enter a few details and check your loan eligibility along with the tentative loan amount that you are eligible for. So, go ahead and read the following eligibility criteria to see if you fit into this profile. If yes, click below to check your loan eligibility now!

Interest Rates on Our Instant Personal Loans

Know how the interest rates on our personal loans are calculated.

Our internal credit rating system evaluates the creditworthiness of the borrower after running through multiple credit rating parameters. We make sure that you pay the interest rate which is applicable to you based on your profile’s creditworthiness. Borrowers with good credit history and salaries can avail instant personal loans at low-interest rates. If your interest rate is high, you can opt for a lesser loan tenure to keep your paid interest component low.

read more: https://www.lendenclub.com/borrowing/

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About Debt Consolidation Loan

Every individual passes through a bad patch in life when you opt-out for multiple money borrowing options. If you are one of those, are you not tired of managing EMIs of many small loans? Go for the debt consolidation loan to reduce the number of EMIs and also the cost. Your debt is paid off quicker, saving you time, money and stress. We assess every borrower by offering customized debt consolidation loan offers, making sure that our financial solutions are a perfect match to your financial troubles.

read more - https://www.lendenclub.com/loan/debt-consolidation

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Started investing late in life?  No worries.  Let’s make the most out of it!

Maybe it took some time, some years, for you to settle in a stable job.  Maybe you were not one among those folks who got placed in MNCs during the last semester through campus interviews.  After graduation, you might have spent some time dabbling in some own business ventures.  Small ones.  And it didn’t shape up well.

Or you might have spent some years talking to that beautiful girl, without even being aware of what’s happening around you and where the world was heading for.  After she got married to a guy, to a ‘project manager’ who had been to North Carolina or San Francisco or Chicago for on-site projects, after the eye-opener, you got enlightened, found a job, worked hard and climbed on the ladder.  You reached a position of which you feel proud.

Now, you take pride in the fact that you have been paying income tax, the respect you enjoy and the responsibilities you have, that whenever you start talking to people around you, they lend an ear eagerly because you are a success and they want to emulate you.

But, in one aspect, you lag behind.  Savings.  Investments.  You are not alone though.  Most of the guys who began their career from zero in their late 20s are with you.

So what.  Let’s plan.  But, you cannot avoid that one thought that keeps on popping up in your mind as you go through the enticing ad banners on the Internet which prompts you to “Invest Now” - You should have started earlier.  Generally, mutual funds, a popular investment model in the market, consume a good amount of time to ripe.  A college junior, who got placed in an MNC during his last semester, who started investing at the age of 21, opined over WhatsApp that even if you start now, it may take more than a decade to see solid returns in your hands.  The duration and maturity periods mentioned in the websites of banks and famous investment companies are discouraging and disheartening.  Who can wait for years?  You are planning to get married next year.  You are planning to buy a car this year.  You cannot shell out a significant amount of money and wait for years.

But then again, is there any option?  An option from which you can reap benefits sooner. There might be and there must be.  But, it’s a risk to try such options.  They promise a bomb and suddenly one day they disappear. Why lose hard earned money?

Immediate returns and no risk are like day and night.  Can they exist together?

Yes.  They do.  On a reliable and transparent peer to peer lending platform.

For example, LenDenClub, one of the largest peer to peer lending platforms in our country, has rapidly been gaining popularity among those who want to reap solid returns immediately after investment.  Traditional investment models demand a tiresome process and it might take years for maturity.

Whereas, a well-maintained investment portfolio in a reliable online money lending site can fetch up to 30% annual returns which is not on the radar with other models.

Furthermore, the swift process, continuous support and guidance and flexible investment options have made LenDenClub the most sought after investment destination in the market.

So, for those who think they have started investing late in life, a peer to peer lending platform is the best choice to make up for what has been missed in the past.

Invest an amount of your choice at LenDenClub and start earning solid returns immediately after the investment.  Also, with your investment diversified on a range of profiles across categories, the risk is mitigated and no volatility.

Immediate returns.  No volatility.  Let’s go ahead and make the most out of it.

After all, life begins at 40.  Why not investment?  Happy investing!

Read more! https://www.lendenclub.com/