Lendbox

Lendbox, Indian peer-to-peer lending platform with RBI license

Lendbox is a peer-to-peer (P2P) lending platform headquartered in New Delhi, India. Founded in 2015, it has operated under an NBFC-P2P license from the Reserve Bank of India (RBI) since 2019. The company presents itself as a technology-driven alternative to the traditional banking system, allowing users to lend or borrow money through its platform.

Business model and how it works

The platform connects lenders with borrowers. Lenders can open an account in about five minutes by providing only their PAN card and an address proof. They then select the borrower category based on risk profile, loan tenures and other parameters, transfer the funds and receive repayment payouts. The company states that lenders can re-lend the amounts received. The minimum investment to lend is ₹10,000.

Loan products

Lendbox offers personal loans, instant loans, short-term loans, marriage loans, debt consolidation and credit card repayment loans, among others. The platform claims to have India's largest stack of retail loans.

Proposition for lenders

Lenders can earn returns of up to 14% per year, with options tailored to each risk appetite. The company highlights the credit quality of borrowers, transparency in repayment history and the ability to track portfolio progress through an Android and iOS mobile app. Each lender has a dedicated relationship manager who helps with financial decisions.

Risk management and compliance

Lendbox applies a credit assessment policy to onboard only borrowers with a good track record and categorizes borrowers by risk to reduce capital erosion for lenders. The company notes that, in the event of closure, loan agreements remain valid because they are signed between lenders and borrowers. Platform fees are deducted from the first EMI repayment and the net amount is credited to the lender's bank account. The RBI does not guarantee returns or the principal lent on P2P platforms.

Collaboration with partners

Lendbox has wealth management partners across India who offer their users the possibility to lend money through the platform.

Corporate information

The company operates under the legal name Transactree Technologies Pvt Ltd. Its headquarters are in New Delhi. The platform is available online and through a mobile app.

Location and contact

7A, 2nd Floor, Vikram Vihar, Ring Road, Lajpat Nagar - 4, New Delhi- 110024, India · Phone: +91-7291029298