FAQ

General Queries

Yes. Peer-to-peer lending in India is regulated by the Reserve Bank of India. READ MORE
LenDenClub is India’s largest P2P lending platform for salaried individuals. READ MORE
To apply for an Instamoney loan, you need to download the Instamoney app from the play store on your phone. App Download Link: READ MORE
We only require 3 documents from you to approve your loan: READ MOREnt.
We're 100% committed to protecting the safety and security of your information. We use security measures that comply with READ MORE
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Registration Process

You pay a small Assessment fee of INR 199/-. while applying for an InstaMoney Loan. READ MORE
The registration fee needs to be paid by the borrower before applying for the loan because there is a verification cost involved. READ MORE
For an InstaMoney loan, if all documents uploaded by you are correct, then your loan is usually approved in 2 Hours. READ MORE
You can check your loan status from the InstaMoney app. As soon as you complete the loan application you will READ MORE
Loan tenure starts from 3 months up to 5 months based on your loan amount. READ MORE
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Post Disbursal

The processing fee for the InstaMoney loan is 5% + GST
BPI (Broken Period Interest) or Gap Interest is charged when the time between the actual date of disbursal and the READ MORE
Now you can yourself update details like Mobile Number/Email Id/Bank account etc from the Chatbot READ MORE
All you have to do is raise a request right from your InstaMoney app. Open the App, Click on the Chabot icon READ MORE
We currently do not have the option of Partial closure however you can always READ MORE
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Repayment

Your EMI date will be mentioned in the InstaMoney app. In case you could find the same you can always use READ MORE
We send emails 3 days prior to your EMI date about the ECS status, however you need not wait for the email. READ MORE
You can always pay your EMI manually however we don't suggest manual payment in case ECS is approved. READ MORE
Your EMI amount will be mentioned in the InstaMoney app. In case you could find the same you can READ MORE
We have payment gateway, Paytm, and bank details available for you right in your InstaMoney app. You just have to click on “Pay Dues” and choose the feasible payment option. In case you face any difficulty in making payment, We have this covered in Chatbot Follow the Path: EMI Queries -> How can I make EMI payment? READ MORE
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Post Closure

Upon closure of your loan, we share the NOC by default on your registered email address. READ MORE
If your existing loan is closed, You can reapply for a loan anytime, On your Dashboard READ MORE
We would like to inform you that once a loan is closed we report it within 30 days READ MORE
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InstaMoney Plus

InstaMoney plus is an upgraded version of InstaMoney. READ MORE
The application process to apply for InstaMoney Plus will be very much similar to the application of InstaMoney. READ MORE
You can start using the funds immediately once the limit is approved. READ MORE
Here are some ways to start using your limits: READ MORE
No Problem, We have got this concern covered. Withdraw the full amount or just READ MORE
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