Lendbox is a platform if you have non-traditional method of borrowing, which eventually benefits in reduced rates of interest in the funding quantity. All borrowers on Lendbox must meet up with the after criteria to qualify become noted on our platform:
You truly must be an Indian Resident
You truly must be over the age of 21 yrs . old
You really need to have a valid Indian ID evidence
You’ll want a valid bank account that is indian
You really must have a minimum monthly net gain of 15,000
Whenever a potential debtor will not meet up with the criteria in the above list, the debtor cannot be an integral part of Lendbox, unless specified by Lendbox in a penned agreement that is legal.
Needed papers (Documents with * are mandatory)
At Lendbox, you can easily connect to investors and submit a clear and concise image of one’s creditworthiness. It really is encouraged which you as borrowers share the maximum amount of information while you consider appropriate to help make your listing more beneficial in order for increasingly more investors provide you with loans. No info is distributed to alternative party agencies and restricted exposure of data is limited to authorized investors just.
Offer complete and genuine information regarding yourself
Offer complete and information that is authentic details such as for instance economic status, achievements, hobbies, history, work, previous track record and power to repay loan. We also help you to validate your mobile figures, your social networking records. These details may possibly not be visually noticeable to the Investor but he will certainly get to know why these details are confirmed by Lendbox. This can assist investors make decisions that are favorable spend money on you.
Explain function of loan plainly
You should give an explanation for reason for loan into the application for the loan.