Lendbox Per Annum Review -11% Low Risk Product

lendbox

Recently Lendbox has launched a new platform called Per Annum, to offer premium debt-based
alternative investment products in collaboration with multiple leading fintech companies like
Snapmint, Mobikwik, Rapipay and UNI Cards.

What is Lendbox Per Annum?

PerAnnum Free Signup
Per Annum Review

Per Annum is an alternative investment product by Lendbox that enables vastly diversified lending to the top 2% of India’s most creditworthy people. Loans on Per Annum are sourced through Tier 1 fintech partners like Rapipay, Snapmint, Mobikwik, and UNI Cards. These companies are top-order credit risk managers catering to those with unblemished repayment histories. Capital invested through Per Annum is automatically divided into thousands of chunks for maximum diversification.

Who are Lendbox Per Annum Partners?

Per Annum has implemented a distinct method of sourcing to minimize risk and promote diversity. Collaborating with multiple digital lending companies, the organization has established partnerships to source credit seekers for their investors. This approach has facilitated lending to a broad spectrum of credit seekers, resulting in a well-diversified portfolio and a gross NPA of less than 1% over the last two years. To select the most suitable borrowers, Per Annum employs a two-level credit assessment process combining the expertise of their partners with a modern AI-based assessment model. Currently Per Annum sourcing borrowers from leading and well-funded fintech platforms like Mobikwik, Snapmint, Rapipay and UNI cards and facilitating credit for multiple products such as short-term loans, revolving credit lines and a few
more.

How Does Per Annum Work?

Per Annum allows retail investors to finance the credit requirements sourced through the fintech companies listed above. Per Annum adds multiple layers of technology and risk mitigation for a hassle-free and diversified distribution of invested capital. The returns earned on your money are credited on a daily basis and can be easily tracked on the Per Annum web or app dashboard.
Per annum follows best-in-industry underwriting practices with stringent cut-offs for credit scores as well as repayment history. On average, borrowers accepted for financing via Per Annum have a credit score of 780 or above with regular repayment histories spanning 5+ years. Alternative data, income, and spending behavior are other important parameters while assessing borrowers for Per Annum.

Per Annum follows best-in-industry underwriting practices with stringent cut-offs for credit scores as well as repayment history. On average, borrowers accepted for financing via Per Annum have a credit score of 780 or above with regular repayment histories spanning 5+ years. Our Partners, who aid us with loan collection in addition to risk assessment, also have on-ground fleets of collection agents in all cities where their borrowers reside. Alternative data, income, and spending behavior are other essential parameters while assessing borrowers for Per Annum.

When you invest with Per Annum, your money is deployed directly to highly creditworthy borrowers sourced through our Partners, after our P2P algorithm divides it into thousands of little chunks. People repay in installments of 3, 6, 12, or 18 months. You earn interest for as long as your money remains invested with them.

Per Annum Review

There are two products being offered in Per Annum: 

  • Interest: Upto 11% Per Annum.
  • Minimum Tenure: 12 Months.
  • Minimum Investment: 1 Lakh

How To Invest in Lendbox Per Annum?

You can use the Lendbox Link below and register. Joining fees are waived for the people using the link. Once you have registered you can choose Per Annum in the Loan Category

PerAnnum Free Signup

2 thoughts on “Lendbox Per Annum Review -11% Low Risk Product”

  1. Hi – I don’t see this Per Annum Plan on Lendbox website. Has it been discontinued?

    Reply

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