Lendbox uses a transparent, convenient and efficient system to serve its users
Lendbox is a Peer-to-Peer lending platform, which gets creditworthy borrowers and willing investors together to transact on short to medium term personal unsecured loans.
All borrowers go through a thorough financial, personal, professional and social background check which is performed through the use of sophisticated technology and machine learning algorithms working in tandem with experienced professionals.
Lendbox's investors have access to a wide range of borrowers with varied risk profiles giving the investor an option to create a diverse portfolio.
Financial Institutions provide limited products for investments and low returns on options such as fixed deposits. Mutual funds are limited with regards to the investors they attract as they require high capital commitments over a long period of time. Finally, equity markets are highly volatile and require a significant holding capacity and risk appetite and even then returns are not guaranteed.
Lendbox fills this gap by offering a new fixed income asset class which is safe and secure and offers ROIs of as high as 36%.
You may have been refused a loan from high street banks or other traditional financial institutions even though you are more than capable of repaying your loans. This may be due to an unconventional profile or something that banks might consider a "bad credit" profile.
Lendbox takes a different approach compared to that of banks and looks at several more data points to create a more holistic credit profile and does not rely entirely on credit bureau scores and conventional KYC information.
This approach helps us assist individuals with so-called bad credit profiles in getting personal loans at desired interest rates. Sign up as an investor and explore the tailor-made proposals that suit to your needs.Some of the key advantages of lending through Lendbox are :
Lendbox follows an out of the box approach to credit assessment through a perfect blend of big data analytics and highly qualified professionals. Some of the factors we thoroughly assess are:
In total, Lendbox reviews over 1000 data points to ensure that our system accurately profiles a borrowers and our investors are provided with an accurate credit assessment to assist in their decision making process.
Lendbox is a platform for people with unconventional approach to Investing, which ultimately pays off with higher returns on an investor’s idle cash. This is more like investing in people rather than lending with much less risk factor and positive returns in most of the cases.
The registration process to become an investor and fast and simple. Some of the basic requirements to be eligible to become an investor are:
|Identity Proof||PAN Card|
|Address Proof (any one of the following)||Adhaar Card / Voter ID / Passport|
Investing at Lendbox is very similar to stock market investments but with a much much less risk. Lendbox is all about investing in people through a transparent, convenient and efficient process.
The process of investing in borrowers is fairly simple and streamlined.
We may put limitations on your account at any time if we believe it is in order to comply with our legal obligations.
Registration fee: Non-refundable registration fee of Rs 500 is applicable at signup for a new Investor.
Investment fee: An additional fee of Rs 500 is applicable for every 1 lac (Rs 100,000) committed for investment on Lendbox.
The returns you earn by investing through Lendbox depend on your risk appetite. So, you decide the risk profile of borrowers you want to invest in and Lendbox will facilitate the process afterwords.
Non-Payment of EMI: In case the borrowers do not transfer the EMI by the due date, additional penal interest would be applicable as per the loan agreement signed between the Investors and their respective borrowers and will be applied to the due amount for the duration of delay, which Borrowers will be liable to pay the Investor.
Lendbox does not guarantee any returns on the capital. Lendbox is a tech platform and it does not assume any credit risk on behalf of its users.