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
Address
Category Mild Loan
Company Email
Views 130

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.


Expert Counsel

Loan apps might seem like an easy solution for quick cash, but they come with serious risks. Here are 10 essential tips to protect yourself when using online lending platforms:

  1. Brace for Aggressive Follow-ups if You're Late
    Even a slight delay in repayment can trigger a barrage of messages, often on apps like WhatsApp. If these messages become overwhelming, consider blocking the sender to protect your peace of mind.
  2. Resist Borrowing from Multiple Apps
    Taking loans from different platforms to cover existing debts can lead to a deeper debt cycle. Avoid this approach to maintain financial control.
  3. Beware of High Late Fees and Interest Rates
    Missing payments can lead to daily interest charges that range from 5% to 7%, causing your debt to grow rapidly. Try to avoid missing deadlines to prevent accumulating excessive interest.
  4. Only Download Apps from Official Stores
    Stick to trusted sources like the Google Play Store when downloading loan apps. Unverified sites can compromise your privacy, exposing you to cyber risks.
  5. Consider Safer Alternatives
    Many loan apps are structured to trap users in cycles of debt, impacting financial stability and privacy. Seeking out more secure and traditional financial options can help avoid these pitfalls.
  6. Watch for Short Repayment Periods
    Some apps set repayment terms as short as 6 to 14 days, making it hard to repay on time and often leading to debt traps. Ensure you’re comfortable with the repayment schedule before borrowing.
  7. Protect Your Privacy and Reputation
    Loan apps sometimes contact family or friends to pressure borrowers, potentially harming your reputation. For some, this is reason enough to avoid these apps entirely.
  8. Break the Borrowing Cycle
    The best way to escape high-interest debt is to stop borrowing altogether. While it might be challenging initially, taking a break from these loans is essential for financial recovery.
  9. Use Call-Blocking Apps Like Truecaller
    Apps like Truecaller allow you to screen and block unwanted calls from lenders, helping to reduce stress from persistent calls and messages.
  10. Report and Block Aggressive Contacts
    If you receive abusive or threatening messages on platforms like WhatsApp, block the sender and report them to both WhatsApp and the app store to help protect others from similar harassment.

By following these guidelines, you can protect yourself from the risks of predatory loan apps and safeguard your financial well-being.




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