The concept of p2p lending is not new in India; however, it is not popular among borrowers. In the p2p concept, the lender and the borrower are connected directly on a common platform. It is an easy way to get a personal loan.
So, today we
wanted to introduce you to two such p2p lenders. They are Lendbox instant loan
and Faircent lending. We will get to
know their details; then, you could decide which lender to choose. One more
thing, a tot of borrower think, in p2p lending, They might get a personal
loan without documents,
which is not valid. Now, back to p2p lenders.
Lendbox instant loan
Lendbox instant
loan is a peer-to-peer ( p2p) platform connecting lenders and borrowers. It
does not require collateral, has easy documentation, and quick to process to
offer the personal loan.
⮚
Lendbox
offers a loan amount from Rs 25,000 to Rs 5 lakhs.
⮚
The
rate of interest starts at 16% P.A, going up to 28% P.A
⮚
The
loan repayment tenure is between 6 months to 3 years.
⮚
The
disbursement fee is between 2% and 6% of the loan amount.
Why should you choose Lendbox?
⮚
Lendbox
does not require collateral to offer the loan.
⮚
The
loan is available online, meaning you could apply from anywhere.
⮚
The
loan has an easy application and documentation process.
⮚
After
you have applied for the loan, you could track it's status online without any
issue.
⮚
The
loan is quickly processed.
⮚
Lendbox
has tied up with several lenders across the country to make it easy for a
borrower to compare interest rates and other charges.
Features & Benefits of Lendbox instant loan
⮚
Lendbox
has a higher approval rate of more than 45%.
⮚
The
rate of interest is competitive.
⮚
It
has PAN India coverage.
⮚
It
requires minimal documents to apply.
⮚
The
repayment options are convenient and flexible.
The eligibility criteria for Lendbox loans
⮚
The
borrower is an Indian citizen.
⮚
The
borrower must be a salaried individual or self-employed professional.
⮚
The
borrower should have a monthly income of Rs 25,000.
⮚
The
borrower should have at least 2 years of work experience.
Required documents for Lendbox personal loan
⮚
The
application form
⮚
Passport
size photographs
⮚
Identity
proof
⮚
Address
proof
How to apply for Lendbox loans via Afinoz?
⮚
Get
the Afinoz app from the Google play store.
⮚
Sign
up on it.
⮚
Fill
out the loan application.
⮚
Provide
personal and professional information.
⮚
Submit
the form.
⮚
A
representative will contact you to complete the further process.
Lendbox instant
personal loan is completely safe and secured to apply. Do read the terms and
conditions before you use it. Now, let's move on to the next lender.
Faircent personal loan
A faircent
personal loan is a reliable
option to acquire immediate funds. The
way to get the loan is easy and quick.
Here are the particulars.
⮚
Faircent
offers personal loans up to Rs 10 lakhs.
⮚
The
loan tenure is up to 3 years.
⮚
The
rate of interest is from 14% P.A to 28% P.A
⮚
The
processing fee is from 2.50% to 8.50% of the sanctioned loan amount.
Features and Benefits of Faircent personal loan
⮚
The
loan is disbursed swiftly.
⮚
It
gives you a platform to borrow money without visiting a lender.
⮚
The
rate of interest lucrative and competitive.
⮚
It
requires minimal documentation to proceed.
⮚
The
online application is easy and simple to understand.
The eligibility criteria for Faircent personal
loan
⮚
The
borrower's minimum age 18 years, and the maximum should be 58 years to apply.
⮚
The
applicant should be an Indian citizen.
⮚
The
applicant should be a salaried individual or self-employed professional.
⮚
The
applicant should be working in a company for a minimum of 6 months.
Required documents for Faircent instant loan
⮚
Two
passport size photographs
⮚
Identity
proof ( Aadhar card, PAN card, Voter ID card, Passport)
⮚
Signature
proof ( PAN Card, Passport, signature verification from the bank)
⮚
Address
proof ( Bank statement, Passport, Voter ID card, Postpaid bill, Electricity
bill)
⮚
Bank
statement for the last six months
⮚
Proof
of income ( salary slips for the last three and last year ITR)
⮚
NACH
Mandate
Faircent personal loan customer care
If you wish to
contact Faircent customer care, reach out to them on this toll-free number,
0120-4659902.
How to apply for a Faircent personal loan?
You can download
the Faircent app from the Google play store to apply for the loan. It is an
easy and quick process to do.
The conclusion
