Lendbox | P2P Lending 4+

I applied for a loan on this platform on 24 May 2020 and paid the INR 500 for application processing. The next day was Eid Holiday and I was contacted by the team to provide more documents on 26 May. On 27 May, they inform me that they cannot extend any loan facility, but I was amazed to see that they have not even verified my profile as per the app (85% verified). If they do not even verify a borrower’s profile, on what basis did they say that they cannot provide loan facility? This clearly shows that the team does not do their job right and is just trying to extract money from their customers on the context of “Priority Processing” which means they are not doing anything for their investors as well!! Please stay away from this platform even if you want to invest your money, let alone be borrowing!!

I came across Lendbox through a friend and I can never thank him enough for introducing me to it. I was skeptical initially but as I have continued investing my comfort and my belief in Lendbox has grown. Not only to does it provide great options for investment, their service in terms of a relationship manager has been great for me. I have Vidyanand who helps me out with my investments. Not only is he very resourceful but he gives the right advice in terms of where my money will give me maximum returns. I’m really really happy and satisfied with this service and I wish and I hope to continue investing in the long-term.

To be honest I was skeptical when I joined any peer to peer lending. But at-last I joined Lendbox and expected it to be different. But it’s the same I have been awaiting for my outstanding EMIs(given to certified ALT section) from more than a year now and customer support is very bad they don’t have any idea how to solve or get the money back. Don’t believe these type of p2p lending they tell they will cover if borrower defaults but it doesn’t happen. And till now there is no single intimation or update from Lendbox whatsoever. You get your money back only if borrower is a good guy. Lendbox will not do anything for you if borrower doesn’t repay.