Lendbox Instant Loan- Up To 5 Lakh Loan

P2P lending platform Lendbox connects Indian creditworthy borrowers with clever investors/lenders like never before. It’s a legally recognized company. Lendbox Instant loan is available with interest rates ranging from 16% to 18% p.a. You may get a loan of up to Rs. 5 lakh. The payback period for a loan might range from 3 months to 36 months.

Lendbox Instant Loan Quick Recap

Loan amount Up To 5 Lakh
Loan tenure 3 months – 36 months
Interest rate 16%-18% p.a.
Registration fee Rs. 500 + GST
Age 21 – 56 years 
Income Require  Rs. 15,000 Per month
Eligible For Salaried / Self Employed
Also Read: Instant business loan online in India

What is Lendbox?

All of Lendbox’s activities are in accordance with the regulations set out by the Reserve Bank of India (RBI). RBI has made a significant judgment by increasing the overall P2P exposure of a lender from 10 lakhs to 50 lakhs in one of its recent historic decisions.

Benefits of Lendbox Instant Loan

Due to Lendbox’s focus on several aspects of an applicant’s credit history, persons with lower credit scores may be eligible for loans via the platform.

Loans may be applied for from the comfort of one’s own home, with no need for a trip to the bank. The amount of paperwork needed to complete the procedure is likewise rather modest.

The whole loan application and disbursal procedure are transparent. Borrowers don’t have to worry about any additional fees.

Lendbox facilitates communication between lenders and borrowers by allowing them to exchange suggestions. As a result, both sides profit from the whole process. Individuals using the platform should expect a positive lending/borrowing experience as a result of this.

No security will be needed for the personal loan, which is an unsecured loan.

Also Read: Faircent pocket loan 

Lendbox Instant Loan Eligibility

Lendbox is a platform for individuals who take an unconventional approach to borrowing, resulting in reduced interest rates on the loan amount. Applicants on Lendbox must fulfill the following requirements to be featured on our platform:

  • An Indian national must be required
  • Please note that you must be at least 21 years of age to participate in this activity
  • Require valid Indian ID Proof like Aadhaar Card, Voter Card, Pan Card
  • An active bank account is a need.
  • You must be earning at least Rs. 15,000 a month in order to participate.

Documents Required

Identity ProofPAN Card, Aadhaar Card, Voter ID, Passport
Date of Birth ProofPAN Card, Passport
Signature ProofPAN Card, Signature verification from your bank, Passport
Address ProofPassport, Bank Statement, Voter ID
Contact ProofPostpaid Mobile Bill (last month), Postpaid Landline Bill (last month)
Bank StatementsLast 6 months
Proof of IncomeSalary Slips

How to Apply for Lendbox Instant Loan

Step 1: The first step is to sign up at Lendbox.

Step 2: Fill in some basic information about your business, like your name, address, and so on.

Step 3: Send your income and bank statements for the last four months.

Step 4: After that, your credit score will be checked.

Step 5: After Credit eligibility, Money will disburse to your account.