The transfer of the loan will happen directly through lender’s bank account to the escrow account and from escrow account to borrower’s bank account.
Articles in this section
- Can I get personal details of any borrower
- Does LenDenClub have the authority to debit the EMI from borrowers?
- How does the investment transfer happen?
- How does the repayment take place?
- Where to track the borrower’s EMI?
- What are the delay charges paid by borrowers?
- How would be the repayments carried out in case LenDenClub shuts down?
- Where would I get repayment from borrowers?
- What are the efforts taken for loan recovery?