Frequently Asked Questions

Existing Investor queries

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General Questions(10)

FMPP, i.e. the Fixed-Maturity Peer-to-Peer Plan, is a P2P investment plan from LenDenClub with a minimum amount of ₹10,000 per investment, designed to deliver returns of up to 10 to 12% p.a.* over a fixed term of 1, 2, 3, 4, or 5 years.
*P2P investment is subject to risks. And investment decisions taken by a lender on the basis of this information are at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower.

We have made the process simpler for you. All you need to do is download the Investor’s app from playstore / app store and follow the instructions on screen. You will have to provide us with a little information, and your account will be created instantly.

You can then add funds and create FMPPs as per your financial goals.

FMPP can be created directly from the funds available in your Investor account balance. 

Here is how it works- 

  • Add Funds of Rs. 50k
  • Go to the FMPP creation page and select the amount that you wish to invest out of  Rs. 50k
  • Select preferred tenure from the range of 1 to 5 years
  • Give your final confirmation 
  • And that’s it, your FMPP will be created instantly. 

Note- FMPP once created, cannot be altered. Please double-check before giving your final confirmation.

The only eligibility criteria for investing in FMPP is that one should be an adult Indian citizen with valid PAN and Aadhar cards, and a bank account for transactions. An adult NRI with an NRO bank account and Indian PAN is eligible too. Minors looking for investment can contact us at fmppsupport@lendenclub.com to know eligibility. Institutional investors can fill in a form here.

Yes, you can have multiple FMPPs under one portfolio.

As a matter of fact, having multiple FMPPs will eventually help you earn better returns with a compounding effect.

With the flexibility of having multiple FMPPs, one need not wait for investing a lump sum but invest small amounts at their convenience. The different maturity dates for all FMPPs help in planned maturation of investments.

The minimum and maximum investment amount for individual FMPP is ₹10,000 and ₹10,00,000 respectively.

One can invest up to ₹50 lakhs by submitting a net worth certificate. A net worth certificate is a document certified by a chartered accountant. It is produced after taking an individual’s total assets and liabilities into account.

There is a registration fee of ₹500 for new investors. However, as an introductory offer, it is not applicable as of now, and therefore the registration is free of cost. The returns of 10 to 12% p.a. are inclusive of all adjustments of facilitation, etc.

Portfolio and Returns

While the returns may vary from investor to investor, the platform has consistently delivered returns of up to 10-12% p.a.* for the past five years.
*P2P investment is subject to risks. And investment decisions taken by a lender on the basis of this information are at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower.

Diversification and Reinvestment are the keys to earn returns of 10 to 12% p.a., With the flexibility of having multiple FMPPs, one need not wait to invest a lump sum but invest small amounts and strategise it by having multiple maturity as per your financial goals

Upon maturity, we recommend you to reinvest the amount by having the “Auto-renew” option ON for each FMPP. This will help you earn better returns in the long run.

Net worth certificate is a document that is compiled and certified, usually by a Chartered Accountant, taking into consideration all the assets and liabilities of an individual.
As per RBI Guidelines for P2P Investments, submitting a net worth Certificate is mandatory if your investments reach the cap of 10 lakhs.

While choosing an FMPP plan, you select a fixed term of 12, 24, 36, 48, or 60 months, and the maturity is set accordingly. Upon maturity, the amount is credited to your LendenClub account balance. You can then transfer it to your bank account.

The compounding effect of returns, year on year, for a particular tenure is the yield. In other words, yield is the average between the returns earned and the number of years of a tenure.

Hence, for a tenure of one year, the yield is the same as the return; however, for long-duration tenure, the yield is higher than the annualized returns.

Reports like ‘annual statements’ and ‘account statements’ are available on our app and web dashboard. The annual statements help you understand your income on our platform, and the account statements help you understand your inflows and outflows of funds.

You can directly connect with our support team at fmppsupport@lendenclub.com

Prerequisite Information-
Name
Contact Number
Email Address
Relationship with Account holder
Date of Birth

To change your basic details like mobile number and email ID, log on to your dashboard, click on ‘more’, click on ‘account details’, and make the changes. For changing your registered bank account details, you can contact us at fmppsupport@lendenclub.com.

FMPP offers Stabilized Returns of 10 to 12% p.a. with ty. FMPP uniquely works on the principle of hyper-diversification of funds; the funds are allocated as low as ₹1 per borrower, enabling Marginalized NPA with Systematic Risk Mitigation. Hence, with FMPP, there is an added dimension of security on the returns and the principal amount.

The amount will be credited to your investor account balance post maturity of your FMPP Plan provided you have turned off the auto-renewal for the individual FMPP.

You can then place a withdrawal request by login to your account and the amount will be credited to your registered bank account within 24 to 48 working hours.

You will be able to find the auto-renewal option under each FMPP and you can toggle between On / Off as needed. .

It is recommended to reinvest your funds in order to realize better returns in the long run.

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