LENDERS

Question: 1 Why do I need to register at LendTree?

To avail any Loaning services as borrower or an Investor, one needs to enrol at LendTree by filling a simple online application form. After the successful registration, you can engage in the suite of services offered at Lendtree all from your personal device. Registration allows us to validate and ensure you match the eligibility criteria and ensure you interact with eligible customers.

Question: 2 Is there any eligibility criteria to register at LendTree?

• Applicant should 21 years of age or above
• should be an Indian National with valid address and ID proof
• should have a steady Income (INR 30000 or more in case Salaried or an annual business income of at least 10 lakhs in case Self-Employed)

Question: 3 Are there any registration charges?

Registration Fee to be paid during one-time borrower enrolment is Rs.1000/ - Registration Fee to be paid during one-time borrower enrolment is Rs.1000/ - These fees will be deducted from the wallet, or directly at the time of disbursement.

Question: 4 Why is email and phone verification necessary?

To be certain that an individual has entered the right contact data; we check both email address and telephone number. This will assist us with serving our individuals better and in a convenient way. Kindly note that client subtleties will stay private according to Terms and Conditions.

Question:1 What is LendTree?

LendTree is an online platform which connects individuals seeking to borrow money with those willing to lend money. It conducts thorough analysis of credit profile of borrowers, post which select profiles are then presented to investors for lending.

Question:2 Why lend at LendTree?

LendTree helps the investors lend online in a hassle free manner at an attractive interest rate up to 30%. With a stringent selection criteria and rigorous credit evaluation algorithm, we ensure that legitimate borrowers with capability to repay are on the platform. Additionally, we clearly showcase our anticipated level of risk associated with each loan request based on our credit team’s analysis. LendTree handles end to end transaction from loan origination to recovery, thereby making it hassle free one stop shop for our investors.

Question:3 How can I lend?

To get started, the lender needs to sign up and provide some basic details. Post payment of registration fees, and approval of profile, you are ready to lend to borrowers at LendTree.

Question:4 What information can be viewed about me?

Only registered users at LendTree can see key information about the investor such as investment amount, risk preference etc. We do not show address or phone number to maintain privacy. For more information, please view our Privacy Policy.

Question:5 Why do I need to pay registration fee upfront?

LendTree levies a nominal amount of Rs. 1000 as one-time registration fees to attract genuine lenders.

Question:1 Why is investor's verification required and what are required documents? We undertake KYC of each of the investors which is as per law. Documents required are as follows: Key documents are as follows:

• PAN Card
• Current Address Proof (Permanent Address Proof if different from Current Address) Address Proof is:-
  • Passport, the validity of which has not expired
  • Driving license which has not expired.
  • Voters identification card
  • Utility bill which is not more than 2 months old of any service provider (telephone/Internet, postpaid mobile phone, piped gas/ LPG book with latest receipt)
  • Bank Account/ Post Office Saving Bank Account Statement/ Passbook , not more than 3 months old
  • Copy of the Lease / Leave & license agreement / Rent agreement duly stamped/ registered as per state laws, not less than 3 months old. If any of the said agreement is less than 3 months old, then a copy of the utility bill issued in the name of the landlord has to be attached
  • Letter of Allotment from a company provided accommodation

Question:1 Is there any eligibility criteria for an individual as an Investor?

Following is the eligibility criteria:

• Should be a resident of India and above 18 years of age
• Should have a valid bank account and a valid PAN number
• Should not be a Money Lender as per law
• The total amount invested by him across all P2P-NBFCs should be capped at Rs. 10 lakhs, as prescribed by the Reserve Bank of India

Question:2 Can a non-individual invest at LendTree?

Yes, it can. Points (ii) and (iii) as mentioned above are applicable to such investors.

Question:3 What is the minimum amount an Investor can invest?

An investor can invest from Rs. 1,000 and above in multiples of Rs. 1,000. These limits are subject to change.

Question:4 What is the tenor of the loan?

Loans have tenor in the range of 1 month to 36 months.

Question 1 How safe is my investment at LendTree?

LendTree has placed stringent screening criteria for each loan. It collects various documents from the borrowers pertaining to their identity, address, income, credit rating etc. which are typically verified during physical verification. LendTree also collects postdated cheques (PDCs) as security to be used in case of late payment or default. In addition, both the borrowers and the lenders are bound by legally enforceable loan agreement. With a strong process in place, we expect to have robust loans listed at LendTree. However, these loans are still subject to default risks. Keeping this in mind, LendTree employs reputed collection agencies to recover loans in default.

Question:2 What is LendTree Rating?

LendTree analyzes the credit profile of each of the borrowers using its proprietary credit evaluation model based on multiple data points pertaining to borrower, his company / business, macro-economic situation etc. It assigns each of the borrowers in one of the six categories from A – F, A being the category with the strongest credit profile and F being the weakest.

Question: 3 Can an Investor increase / change the interest rate?

No, the interest rate is set by the borrowers and administered by the admins.

Question:4 What is a loan agreement and why is it important?

A loan agreement is a legally binding and enforceable document clearly outlining the terms of loan. It is signed by the parties involved.

Question:5 When does an investor need to transfer the money?

Once a loan is fully funded, the requisite documents have been collected, verification process has been successfully completed and the loan agreement has been signed, investors are obligated to transfer money to the unique Nodal Escrow Account assigned to them for disbursal.

Question:6 How can an investor change the bank account details?

Post registration an investor can change the bank account details by contacting LendTree and payment of Rs. 500 as convenience fee. However, once any loan agreement has been signed by an investor, the investor will not be able to change that account for the purpose of repayment of that loan to avoid any sort of money laundering. Though, for new loans, the investor can change the account details.

Question:7 Can an Investor cancel the commitment to fund a loan?

An investor can cancel the commitment only in case there is misrepresentation / fraud committed by a borrower. In no other case, an investor will be allowed to cancel the commitment. In case an investor does so, LendTree may bar him from conducting any new transaction on the portal.

Question:8 Can an investor lend to more than one borrower?

Yes, an investor can lend to multiple borrowers at a time.

Question:9 Is interest income earned at LendTree taxable?

Yes, interest income will be taxed as regular income and the investor will be liable to pay the same.

Question:1 What are the modes of repayment?

As per the repayment schedule given in the loan agreement, EMI/ due amount is auto deducted from borrower's bank account as per NACH mandate and transferred to Repayment Nodal Escrow Account of PEERFINTECH SOLUTIONS PRIVATE LIMITED. Borrower can also transfer the EMI/ due amount to Repayment Nodal Escrow Account directly.

Total repayment amount (EMIs and pending dues) collected in Repayment Nodal Escrow Account is then transferred to respective investors’ bank account on first working day after 10th of every month. Subsequent collections done after 10th are transferred to investors’ bank account on 1st working day after 10th and 25th of the month.

A borrower can also make re-payment to investors directly by cheque, NEFT, demand draft or any other mode of payment as mentioned in the loan agreement.

Question:2 Do I have the option to get repayment in my nodal escrow account with LendTree instead of my bank account?

Yes, Investors have the option to get repayments in nodal escrow account which can be reinvested to grow money further. You will have to select this option by logging into "My Account" section.

Question:3 What is the benefit of choosing repayment option in nodal escrow account?

You can maximize your returns by reinvesting the EMIs received every month. If the fund is available in your nodal escrow account then you will not have to transfer the funds from your bank account before the disbursal. Simply select the borrower for investment and funds will be transferred from your nodal escrow account to borrower after physical verification and documentation is done.

Also, number transactions to and from your bank will reduce considerably.

Question:4 Can I withdraw money from my nodal escrow account, if I do not wish to invest in any borrower?

Yes, you can withdraw money from nodal escrow account any time. You will have to make a withdrawal request by logging into "Dashboard" section. Money will be transferred to your registered bank account with us within 2 working days.

Question:5 Will I earn any interest on my money available in nodal escrow account?

No, nodal escrow account is interest free account and money lying in this account will not earn any interest.

Question:6 How is repayment schedule calculated?

Repayment schedule is calculated based on reducing balance method and is part of the loan agreement. Repayments are to fall either on the 10th or the 25th of each month, depending on the date of disbursal of the loan following closer to 10th or 25th respectively.

Question:7 Can an investor expect loan prepayment?

Yes, an investor can expect partial as well as full prepayment. No prepayment penalty will be imposed on the borrower in such a case.

Question:8 What happens in case of default in repayment by borrowers?

In case of default, LendTree will facilitate collections through empaneled agencies. Investor(s) may also proceed with legal proceedings on their own for which LendTree may provide requisite support if sought by the investor(s). For the days of delay, we levy a late fee and penal interest on the amount outstanding.

Question:9 What happens to the loan in case of closure of LendTree due to any reasons?

The loan is between the borrower and the lenders and hence, it will stand as it is. There will be no impact on it.