Personal loan requests at LenDenClub are processed anywhere between a few minutes to 18 hours from the completion of the registration process. We conduct borrower credential verification through various online and offline sources and our technology-enabled platform to complete the personal loan processing online.
Our simple and efficient loan processing system makes sure that you do not have to invest your time in physically visiting our office or arrange for home visits. LenDenClub club follows the best standards when it comes to protecting your personal information and ensures that it isn’t accessed without appropriate authorization. Through a large pool of investors, we guarantee funding of your personal loans.
LenDenClub’s Borrowing Process.
- Eligibility Check Every borrower goes through a 5 step LenDen screening mechanism where borrowers’ personal, professional, physical, financial and credit history information is scrutinised by our digital verification mechanism and physical verification checks. A hassle-free documentation process ensures that you do not invest your precious time in needless physical visits.
- Documents Verification The next step would be to fill in the personal, residential, professional, and financial details on the required website page and uploading of PAN and Aadhaar card for KYC Verification. Further, the sales team validates the documents ensuring the provided information is genuine and the profile is complete. The credit team as well as verifies all the documents and talk to their guarantor (Parents/spouse) or the reference provided so as to be extremely sure about the authenticity. If required office verification is conducted.
- Disbursement After the successful verification of the documents, the profile is listed for funding. Once 100% of funding is completed, an executive visits the residence for physical verification and agreement signing. And, the loan is disbursed to borrowers’ account.
