Debt Consolidation Loan – How to Get Over Credit Card Debts?

If you own multiple credit cards, you might be in debt. You can avail a debt consolidation loan from peerto peer lending companies to get over credit card debt.

Sudeep is an IT professional, owning three credit cards with different credit limits. Every month, his salary goes towards the payment of credit card bills, apart from home loan EMI and monthly household expenses. Most often, he fails to track the payment cycles of the credit cards and misses the payment within the due date. As a result, his credit cards are charged to exorbitant interest rates and late payment fee. He is neck deep in credit card debt. What he needs is a debt consolidation loan to make his life simpler.

What is a debt consolidation loan?

A debt consolidation loan is a fresh way out to refinance or clear out multiple loans with one single loan. In simple words, it means consolidating all your existing debts into one payment.

Why you need a debt consolidation loan?

• It can help you to pay off all your debts at a low cost.
• It can save you from keeping track of multiple cards, bills, EMIs and different payment cycles.
• It can improve your credit score in the long run.

Where can you avail a debt consolidation loan?

Several banks and financial institutions offer a debt consolidation loan. However, given your poor credit history and failure to make timely credit card payments, they may not be willing to give you a loan. Even if they lend you money, it would be at a very high interest rate and with stringent guidelines.

But, don’t be disappointed. The peer to peer lending companies in India will offer you a debt consolidation loan, no matter what your credit score, income or amount of debt is through p2p lenders.

What are the benefits of applying for this loan on a peer to peer personal loan? Easy processing

• Flexible interest rates based on an internal credit rating process
• A large database of personal money lenders in india
• Transparent transactions, no hidden fee
• Quick transfer of funded loans
• Easy repayment through pre-determined EMIs

What is the process of applying for this loan on a best p2p lending sitesfor investors? You have to fill up an Instant Personal Loan application form, pay a nominal registration fee and submit your KYC documents. A few peerto peer sites companies in India such as LenDenClub will approve your request within 18 hours. Post the approval, you can immediately start borrowing from instant personal loan online lenders registered with the portal.

A debt consolidation loan availed through a peer to peer lending marketplace can put all your multiple credit card management worries to rest.

Read more at: https://www.lendenclub.com/

What is Peer to Peer Lending? The ultimate guide to Peer to Peer Lending

If you’ve been following the news lately, Peer to Peer companies lending in India is creating a huge buzz among retail investors and institutional investors. If you’re wondering what exactly is this Peer to Peer lending and how will it benefit you, you’ve come to the right place!

Peer 2peer lending sites or peer to peer loans, as the name suggests, refers to person-to-person. Peer to Peer Lending, in layman terms means lending and borrowing money between two or more people without any intermediaries. Usually, a person who has excess money (Lender) lends it to another person (Borrower) who requires money urgently for a certain period of time which will be repaid with some interest. So where do peer to peer lending platforms come in to the picture?

Peer topeer borrowing like LenDenClub connect such lenders & borrowers and provide help and support to both the parties by charging a small amount for the services rendered, some of them being borrower assessment, collection of dues, timely disbursal etc.

How are Peer to Peer platforms different than traditional onlineloans or financial institutions like Banks and NBFCs?

Personalloan money lender or  moneylending companies worldwide, are taking the banking model and revamping it entirely to create a favorable lending and borrowing climate.

P2plending platforms in india are cooler version of banks!

Getting a instant personal loan online from a peer to peer investing is faster, easier and hassle-free plus you get a better interest rate when compared with banks because they have massive overheads which include salaries, swanky offices, ATMs etc. Think about it, FD rates are around 6% and interest that bank charges is upwards of 12%.

Peer topeer lending companies, on the other hand, don’t have such overheads hence the lenders make more money on their investments and the borrowers can get a better interest rate through p2p lenders. A win – win for both!

Here’s why you should be using P2P platforms like LenDenClub to borrow or lend money

Borrow:

1.     Quick and hassle-free loan application process

2.     Fast loan approval and disbursal

3.     Cheap interest rates

Lend:

1.     Earn great returns on investment within a short span of time

2.     Bypass the volatility of the stock market

3.     Watch your money grow every month

As per the trends shown in countries like UK & US, majority of the people are turning towards best p2p lending indian sites to fulfil their credit needs. Although at a very nascent stage in India, the P2P industry is projected to be a $4 – $5 Billion by 2020, as per a report published by KPMG & NASSCOM. Everything said, Peer to Peer lending is here to stay and if you haven’t been a part of this financial disruption then now is the best time with the RBI supporting p2p lending sites india and promoting it.

Click to know more about this article at: https://www.lendenclub.com/How-do-I-start-Investing-on-P2P-Lending

How P2P Lending is Growing in India?

Peer to peerlending in India is witnessing impress growth owing to increase in demand of instantpersonal loan online and alternate credit instruments. The RBI regulation and digitization are also boosting the growth.

The p2plending platforms in india is expected to reach $50 market size. The sector has witnessed an impressive growth over the past two years, and the outlook will only get better as RBI has taken it under its wing.

The demand for personal loans has gone up considerably. According to RBI, personal loans grew 19.4% in value in March 2016 as compared with 15% in the year ago period. However, there isn’t enough supply of personal loan money lender to meet the demand. It is no hidden fact that borrowers have to go through cumbersome and time-consuming loan application process to avail instant loans from banks and other financial institutions. Owing to the ease of peer to peer borrowing companies in India, borrowers are now turning to online personal loan money lender.

As the number of borrowers increase, there is more opportunity for the personal loan lenders to build a better p2p lending sites india portfolio and earn higher returns. Right now, lenders registered on peer to peer lending companies in India like LenDenClub earn interest in the range of 12.5% to 35% on p2plending companies in india, which is higher than traditional investment instruments.

RBI intervention is another factor that is fuelling the growth of online peer to peer lending. RBI has proposed giving Non Banking Financial Corporation (NBFC) to onlinelending platforms. It has also announced various other guidelines to safeguard the interest of all stakeholders – lenders, borrowers and bestonline lending sites. Experts also predict that p2p lending investment portals will be able to access credit bureau data, which will result in lesser defaults on peer to peer sites lending investment.

The recent demonetization drive has reduced bank deposit interest rate further, real estate market is dwindling and the stock market is always uncertain. So, investors are now keen on exploring P2P lending as an alternate credit instrument.

The emphasis of the ruling government on digitization has also provided a further boost to the P2P lending market in India. An increasing number of lenders and borrowers, especially millennials, are moving towards cashless transactions. P2P lending sites are using technology to enable cashless loans, quick processing of loans and reduce communication barriers between lenders and borrowers.

All these developments indicate that peer to peer lending in India will become more organized and transparent in a few years time. It holds tremendous potential and will only strengthen its roots further in India.

Read More at : https://www.lendenclub.com/lending/

How to Build a Better Investment Portfolio from P2P lending

If you are a lender on P2P lending platform, you can easily build a better investment portfolio by diversifying, automating your investment and staying invested for a longer term.

Peer to peerlending in India is relatively a new asset class, but investors are already exploring it to include it in their investment kitty. If you have decided to become one of the personal loan money lender on a p2p lending platforms in india, you would be also looking at building an optimal portfolio to get the maximum risk-return trade-off.

Here are some useful tips to build a better portfolio from peer to peer lending.

1. Diversify

The mantra of ‘don’t put all eggs in one basket’ applies to money lending websites as well.

• The investment amount

Unless you have a specific reason to offer loan to a personal loan money lender or have a small investment size (for example, Rs10,000), you should spread the loan amount over a number of borrowers. So, if you want to invest Rs1 lakh, try to give it to at least 7-10 borrowers. This way, if one of the borrowers defaults, there wouldn’t be much loss to you. Diversify your risk, as simple as that!

• Across the borrower profile

You will find borrowers from different personal, financial and professional backgrounds on peer to peer lendingcompanies. They are salaried individuals, women entrepreneurs and even small business owners. So, it would be a good idea to select people from diverse backgrounds while lending money from money lenders in india

• Across risk categories

Each borrower gets a credit rating from the peer to peer investing companies. While, most best online lending sites would prefer low risk borrower, it wouldn’t be a riskier proposition to lend money to one or two borrowers with medium or high risk rating. So, depending on your risk-return expectation, you can diversify across risk categories.

2. Automate Your Investment

Several onlinelending platforms such as LenDenClub offer automated investment service. If you are an individual or an institutional investor with large investment amount to disburse, then you can use automated investment. Instead of manually looking over each loan or borrow money indian sites, you can save time by applying automated filters and get a quick overview. It also makes easier to manage the account with so many borrowers and huge investment to take care of.

3. Stay Invested

Most p2plending investment lenders make the mistake of withdrawing the interest return or principal repayment EMIs at regular intervals, even monthly or quarterly in some cases. However, it is advisable to stay invested for a longer period and re-invest the cash flow. This will fetch you more money through the power of compounding.

With a bit of careful planning and logic, you can always build a better portfolio through p2plenders from peer to peer lending websites

Read more at : https://www.lendenclub.com/

6 reasons to get a Personal loan in India

Life can be uncertain at times and money issues, even more so. Personal loans as the name suggests, are meant for personal use and is a valuable armor to have in your arsenal. With a good credit score and legal documents, anyone can make use of personal loans to suit their needs. Borrowing money from relatives, friends or anyone close enough is not something people prefer these days largely due to the brittleness of the relationship, and rightly so. Why should you borrow and miss out on the bragging rights when a personal loan can be your backup? Money disbursement isn’t an issue either due to peer to peer lending platforms like LenDenClub, who transfer the money to your account in less than 72 hours. But why should you get a personal loan in the first place? So, let’s look into some general reasons for availing personal loans in India:

1. Home Improvement:

Your home is your home. It commands respect and attention from you in every way possible. Moving a little furniture here and there or buying completely new ones wouldn’t be outlandish either. There’s so much variety in home decor that whatever you do feels less. But this isn’t an investment you’re going to regret so you might as well have some fun with it. Break through the walls that annoy you, the ceiling that mocks you and build yourself something extravagant. A good furnished house has a good sale value, so it’s a win win with the help of peer to peer loans.

2. Holidays:

Of course we need a break sometime. Such is the pace at which our lives are moving that we often forget to treat ourselves to a sassy time off. That’s the least we all deserve even if your wallet thinks otherwise. Avail an instant personal loan online now  from p2p lending companies in india and just head off to some place that makes you go into oblivion.

3. Fund you dream car/bike :

It all starts with a dream. Ever since we rode our first bicycle on a breezy Sunday morning with our fathers beside us, our love affair with vehicles never stopped. A vehicle is a vehicle no matter how long or short it measures or it’s invoice read. The happiness we feel when buying a vehicle by our own money is just hard to put in words. Peer to peer personal loan couldn’t be used for better purposes than fulfilling perpetual desires, as in essence, it’s our lives and we have every right to make it large.

4. Debt Consolidation:

Technically, debt consolidation is taking out a new loan to pay off other higher interest debts. personal loans are very useful for this as the interest rates are comparatively less which saves you valuable money you would not notice otherwise. You might have never heard of this and probably believe debt consolidation is not even a valid term, but counterintuitive to popular belief, you can do that and it is a valid term.

5. Weddings:

Nothing costs more than your dream wedding and in all probability, you’re not going to be able to fund it. There’s so much of designer wear to buy and lots to gift but the sight of your account makes you grumpy. But no need for alarm. Best online lending sites from LenDenClub are there to back you up again with low interest rates and quick money disbursal giving you the opportunity to properly plan your dream day with personal loan sites.

6. Medical Emergency:

Will your salary be enough to sustain an unfortunate medical situation? We’re not wishing that on you but just being practical. Getting money through borrow  money website for a medical emergency is a common site at LenDenClub owing to the quickness of the service that only we can provide. Same day approval and quick money disbursal blends well with the immediate fund requirement during a medical emergency through p2plenders

p2plending investment aren’t as scary as people claim it to be. Through peerto peer lending websites like LenDenClub, which are the p2p lendinginvestors almost feels like a privilege rather than a headache.

Read More at: https://www.lendenclub.com/

Don’t postpone life – InstaMoney Hai Na!

A fantastic weekend outing with your friends.  The latest smartphone with 20 MP back camera.  Your little daughter’s birthday party.  Above all, that medical checkup you have been postponing every month!

We want to do a million things in life.  But we never ever have that spare money in our hands and we keep on postponing them.  Right from buying the latest gadgets to scheduling crucial medical checkups, the list goes on.Even postponing a trivial wish like buying a shirt of our favorite brand could be disheartening.  Sometimes, we need some things, if not everything, instantly.  Don’t we? Let’s give a thought about it.  Just in the last 3 months, how many times we must have stuck in circumstances when we needed some cash immediately?  The sum might have been small.  But the timing and situation must have been critical.  On such instances, how to swiftly acquire some hot cash in our hands and get rid of the problems? We could ask our friends.  Or, why not, we could ask our relatives.  But why bring money in-between good relationships.  Even epic friendships break because of conflicts over money.

Then, how to get cash instantly?  It’s really a million-rupee question!

Like any other industry, the financial sector has also been witnessing a revolution with the big bang of Internet.  No exaggerations.  The process of borrowing and lending has been redefined with the latest technological innovations.  Now, one can get cash loans through mobile apps / online platforms in a shorter span of time when compared to banks and other traditional financial institutions.  Having said that, how do you decide from so many options in the market? Here are some tips to get you started.

Amount of time taken for approval, interest rate and time limit for paying back are no doubt the deciding factors. Along with that, we suggest that you take a look at the past history of the lending app. How are they performing in the market as a business entity? Are they consistent in providing quality service all through the entire process from beginning to end? After all, money is involved in the process and let’s not take even a minor detail for granted.

LenDenClub’s instant personal loan online app InstaMoney does exactly that.  It helps you get instant cash to your bank account.  The process is so smooth that you don’t even feel like you have applied for a loan. So, whenever you are in want of money, download InstaMoney, get instant loans and pay it back with a smile!  This works through the method of peer to peer lending. Happy borrowing!

Click here to know more: https://www.lendenclub.com/

Investing In Peer To Peer Lending

Investment in peerto peer lending is a latest financial innovation that connects investors and borrowers. It has become one of the best p2p lending sites for investors for safe investments and higher returns.
The term p2p lending or peer to peer lending online is buzzing around off lately. What is it all about? Well, the activity of borrowing and lending dates back to pre-historic era. With change in time, such trends witness changes too. And in the present era, it is p2p lending platforms in india which is leading the top charts in the industry. Basically, it is a debt financing method that lets people lend money and borrow without seeking any help from any financial institution. If you ask what is peer to peer investing and why peer to peer lending in india, the answer is – it eliminates the need of middlemen and makes the procedure simpler than it used to be.

Working of peer to peer lending?

We all know the traditional method of borrowing funds. It is basically done with the help of the bank. However, borrowers are finding it difficult due to high interest rates, and bad credit scores are making it a hard nut to crack. This is where online peer to peer lending comes into the scenario. Here a through money borrowing sites a borrower can easily get a loan from other individuals who wants to lend their money from those of the borrow  money website with p2plenders.

Benefits of investing in P2P lending

If you are planning to invest your amount through any investment platforms india, then the latest feasible option trending in the market is best p2p lending india. It is offering a huge number of benefits to the investors, and is also known to be serving better than investing in stock markets. Some of the benefits of p2plending investment are:

•  You can invest any amount; it can be as low as Rs. 500 and as high as Rs. 50,000 per borrower.•  P2P industry is now under the regulation of RBI, hence there’s more scope for lenders to trust the segment.•  Platforms such as LenDenClub also help investors in going through the borrower’s profiles before making a sound decision.

Types of peer to peer lending

Use a systematic approach

After you understand why invest in online lending platforms, you need to take a step by step approach to reach the goal. Investors should never invest the entire amount at one go. It is better to diversify the funds into multiple borrowers. Nowadays, peer to peer personal loan has become a trend and every day there are new prospects with more attractive opportunities. Therefore, begin with investing minimal amounts and then proceed slowly in the same manner.

In case you still have confusions, you can reach out to your relationship managers. They will be able to guide you further with your investments.

Advantages and disadvantages of P2P lending for investors

In every case, there are both pros and cons we need to acknowledge. Let us know about them before we step in the field.

Advantages-

1. The money can be split in different kinds of loans2. In the lending websites Lender can be an individual or an institution3. It is your decision to lend and invest money and you get to pick your borrower4. Returns are higher than what we get from the banks.

You can seek guidance from portfolio managers who are available to help you at any moment.

Disadvantages-Every investment has certain risks, and so is there for peer to peer personal loan. However, the risks can be adjusted by investing smartly. And it all starts with selecting the right platform.

You can never be sure unless you have experienced it. Give peer to peer lending companies a try by signing up with LenDenClub today. Start with Rs. 500 and start diversifying your funds from the beginning. You can sign up online or by using our mobile apps.