LB Micro Loans (LendBox)

LB Micro Loans (LendBox) - Loan Shark Review
Interest Rate 35%
Duration From 14 days
Access Level Public
Company Name LendBox
Phone 1
Phone 2
Website or Store
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Category Mild Loan
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Views 1,237

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Frequently Asked Questions


About LB Micro Loans (LendBox)

With a Lendbox Micro Loan, you can meet your urgent financial needs quickly and effortlessly. Whether you’re looking to buy a new smartphone, pay off credit card bills, or cover other short-term expenses, a Lendbox Micro Loan offers you instant access to funds, ensuring you maintain financial stability with ease.

Loan Details

  • Loan Amount Range: ₹2,000 to ₹15,000
  • Minimum Loan Tenure: 91 days
  • Maximum Loan Tenure: 180 days
  • Maximum Annual Percentage Rate (APR): 35%

Loan Example

Example Calculation
Suppose you borrow ₹10,000 at an interest rate of 25% APR for a 3-month duration.

  • Loan Amount: ₹10,000
  • Loan Tenure: 3 Months
  • Interest: ₹934
  • Processing Fees (PF): ₹500 + GST of ₹180 = ₹680
  • Total Repayable Amount: ₹16,614
  • Monthly EMI Repayable: ₹10,000

Note: The upfront deductibles, including interest, PF, and GST, are applied during loan disbursement.

Key Benefits of Lendbox Micro Loan

  • Quick Approval: Get loan approval in just minutes.
  • Same-Day Disbursement: Funds are disbursed the same day as approval.
  • 100% Online Process: Paperless KYC and verification mean no hassle.
  • Flexible Loan Amounts: ₹5,000 - ₹25,000 based on your eligibility.
  • No Collateral Required: No need to pledge any assets.
  • Easy Documentation: Only PAN card, bank statement, and salary slips required.

Eligibility Criteria for Lendbox Micro Loan

  1. Income Requirement: Salaried employees with a minimum monthly income of ₹13,000 (Note: Cash salary is not eligible).
  2. Credit History: Individuals with no defaults on credit. New-to-credit applicants are also welcome.
  3. Required Documents:
    • Basic KYC documents
    • Proof of Address
    • Proof of Income

How to Apply

Lendbox Micro Loan services are available across all Tier 1 cities in India. Download the Lendbox app, fill in your personal details, upload the required documents, and receive your funds within 24 hours.

Contact Us

For any queries or support, please reach out:

  • Phone: +91-7291027919
  • Email: support@lendbox.in

Address

Lendbox Office
Empowerers Coworking City, Saira Tower,
Gulmohar Commercial Complex, Yusuf Sarai,
Green Park Metro Exit 2, New Delhi, Delhi 110049, India

Note: Loan approval is at the discretion of Lendbox and its associated partners.

Apply now and secure the financial flexibility you need, with fast and reliable service from Lendbox.


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