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Monday, December 21, 2020

Easily avail the Loan with Lendox in Short Time

Lendbox is an online peer-to-peer lending network that makes it easy for borrowers to link quickly with the large base of financial institutions and individual lenders to immediately finance their loans at a reasonable interest rate. It provides a forum for a diversified range of clients across India with full finance solutions. It caters to the different needs of various clients. Lendbox instant loans come with an online EMI calculator that helps measure EMI in a few steps for an applicant. A dedicated team of seasoned professionals with the optimal knowledge of the financial sector designs and creates Lendbox.


Lendbox instant loans are also offered through major banks and NBFCs. You can still get a loan through our lenders if you slightly miss the eligibility requirements for instant loans from banks and NBFCs. The Lendbox credit evaluation is much more flexible and relies not only on the CIBIL ranking but on almost 300 data points.

Features and Benefits of Lendbox Instant Loan

 

  Elevated approval rate


The approval interest rate for Lendbox loan applications is over 45 percent. Thanks to the big data analytics engine and better ability to understand the consumer profiles, their need, purpose, and capacity to repay the loan amount. 

  Low-Interest Rate


The interest rate of Lendbox instant loans is as low as 11.49 percent per annum. Not a lot different from banks? Ok, here's the catch, the secret charges are zero. Pay the small transaction fees and no pre-closure fees so that you can close the loan before the pre-closure loan tenure specified so that you can close the loan without any additional fees before the loan tenure.

 

  Coverage by Pan India


Lendbox is one of the best personal loan apps in India and has a large presence in over 35 cities. Lendbox operates in India, which includes almost all major Tier I and Tier-II cities. 

 

  Convenience


This is one of the key reasons why individuals have begun to lean towards instant loans from Lendbox. While sitting at home, you can apply for an instant loan. Via a website or mobile app, the digital loan application helps save a lot of time and reduce a great deal of effort.

 

  Calculating EMI


This is one of the best options for people who are bad-at-math." The Lendbox EMI calculator helps you to grasp the EMI before a loan is used. You only have to supply the sum of the loan, sales, and current EMIs (if any). Transparency, accuracy, and error are the results obtained from the Lendbox EMI calculator.

 

  Minimal documentation


Since the entire Lendbox instant loan application process is done online, you have the comfort of uploading the necessary documents. It saves a lot of precious time, and also paper.

 

  Quick Options for Repayment


Lendbox provides a personalized payment system from which the EMI option can be chosen for automatic debit. It is primarily a service given to banks and financial institutions by NPCI (National Payments Corporation of India) to easily perform the high/high Transactions that are repeated in nature and are of low value.


Lendbox Instant Loans Eligibility Requirements


Based on different factors, the eligibility requirements for accessing a Lendbox instant loan can vary. Having said that, below are the general conditions for eligibility to fit into a Lendbox instant loan acquisition:


    You have got to have Indian citizenship.

    Either a salaried employee or a self-employed person or a business owner must be you.

    Your age should be 18 years or older.

    You should've got A checking account with savings.

    Your salary per month should be Rs.25,000.

    You should have at least 2 years of working experience if you are a salaried employee.

    If you have a business, it should be profitable for more than 1 year at least.


Conclusion:


As mentioned above Lendbox is one of the best personal loan apps in India. But it doesn’t mean that you will go for the more than required loan amount. It is also advisable to read thoroughly  all the terms and conditions of the Lendbox before applying for a loan.

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