What is Lendbox?
In this growing global market getting in touch with potential investors and borrowers is challenging and this is where Lendbox comes into play.
LENDBOX is an Personal Loan Online marketplace where potential Investors and pre-verified, creditworthy borrowers connect and pursue bilateral transactions. Lendbox helps strike deals amongst the Investors and the borrowers and also help in repayment.
Registering with Lendbox
Any resident Indian above 21 years age can register with Lendbox. Registration happens after thorough verification as per KYC norms laid by RBI/SEBI for opening bank accounts and online trading accounts, assuring authentic and safe dealings.CONTACT US now to get started.
How transactions strike at Lendbox?
Once registered with Lendbox, borrowers and investors can send proposals to each other along with some basic information such as reason, amount, preferred interest rate, tenure etc. The receiver of proposal can either Accept, Reject, Re-negotiate or send a counter proposal. Both borrowers and Investors are allowed to strike multiple deals at one point of time.
The whole procedure is discreet and without any intervention from us. The parties sign a formal contract after the agreement is made for amount and interest rate for same, between the investor and borrower, followed by transfer of fund to borrower's bank account.
The EMI for repayment can be made and tracked via us along with other regular modes, such as, post-dated cheques, electronic transfers via NEFT, netbanking, Auto Debits etc.
DISCLAIMER:
LENDBOX does not play any role in any of the bilateral transactions; we only charge a service fee for our services. To know more
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