Lendbox - one stop platform to get instant personal Loan

There are many ways to get invest money or borrow personal loans. However, there are fewer platforms where you can do both things together. Lendbox is one such platform where you can invest the money as well as take a Best personal loan App. Whether you need a personal loan in Kolkata or Delhi, you can get it anywhere. We will tell you how to do both things. So, it would be easy for you to invest as well as borrow. Let us begin with Investing. 

How to Invest Money in Lendbox

The process of Investing Money in Lendbox is quite simple.  Go to the Lendbox website or download the app from the play store. Then follow the steps. 

1. Begin the registration process. It will ask for necessary documents such as PAN card and Aadhar Card.  
2. After Lendbox verifies the details, your account will get activated. 
3. Once the account is verified, you will get the list of borrowers along with risk assessment. 
4. Choose the borrowers, then Lendbox will facilitate the deal agreement between you and the borrower. 
5. There is a registration fee of Rs 500, which is Non- Refundable. 

This is the process of investing money in Lendbox. There is an eligibility criterion. These are the requirements. 

Eligibility Criteria for Investing in Lendbox

• Only the resident of India is eligible to invest
• The minimum age to invest is 21 years old
• You should have an Indian bank account
• you must have a PAN card

Features of Investing money in Lendbox 

• You can Invest as low as Rs 10,000 for a short period of 3 months. 
• The return is high up to 27%. 
• The return is paid monthly.

This is how you can invest money in Lendbox. But there are people out there who need to borrow money too.  There are six types of loans offered by Lendbox. 

Types of Loan in Lendbox to borrow

• Instant Personal Loan
• Short Term Loan 
• Marriage loan 
• Debt Consolidation Loan 
• Credit Card Repayment Loan 
• Small Personal Loan

What is the Interest rate & fees for borrowing loans? 

• The Interest rate at Lendbox instant loan ranges between 12% to 36%. 
• The minimum amount you can borrow is Rs 5,000, and the maximum is Rs 5,00,000. 
• The tenure for repayments is from six months to twenty-four months. 
• The processing fees is 2-6% plus service tax. 
• The registration fee is Rs 500. 

How to apply for a personal loan at the Lendbox Instant loan app? 

Go to the Lendbox website or download the app from Google Play Store or iOS store. 

• Fill out the application.
• pay the registration fee of Rs 500. 
• Upload all the required documents.
• Complete the steps. 
• You will be contacted by one of representative for further process. 

What are the Document Requirements?

• One photograph 
• Identity proof (Passport, Voter ID, PAN card, Aadhaar card) 
• Date of Birth proof (Passport, PAN Card)
• Address proof (Utility Bill, Rent Agreement, Bank Statement)
• Bank statement of the last six months
• Income Proof