To make financing more affordable, reachable and transparent to underbanked and unbanked communities
To provide an online and off-line platform to connect trust and creditworthy borrowers with open-minded lenders to navigate their financial goals together
Customer first, Transparency and Simplicity.
In India, more than 400 million people borrowed money in 2014, but fewer than one in seven were approved for a formal loan1. These underbanked and un-banked population depends on informal lending systems (eg. Money lender or Pawn broker) for their credit need at very high interest rate. Most of the time, they end-up paying only interest and will never be able to recover their collateral.
Lend & Borrow was formed in December 2014 with a vision to make financing more affordable, reachable and transparent to underbanked and unbanked communities.
At Lend & Borrow, we invite loan application both in online and offline mode, evaluate borrowers for their ability to pay and willingness to pay by analyzing both traditional and alternate data point using our proprietary underwriting algorithm and assign a credit score. Our pre-selected Lenders will fund outstanding loans after reviewing borrowers complete case history. Our qualified borrowers get affordable loan, our lenders will earn good returns on their idle cash.
Get in touch to know more
6/8,1st Street Angamuthu Nagar, Padi,
Chennai 600 050,
Tamil Nadu, India