Borrow and Lend Money Online Through This Platform

One of the leading platforms for lending and borrowing money, LB Circle offers various advantages for both the lenders and borrowers. These are:

1. The best part is that both the parties can sit and decide on the rates for themselves.
2. The documentation is a lot easier and LB Circle helps ensure that all the legal formalities are completed with the minimum effort from the borrower and lender.
3. Debt Recovery Assistance is one of the major benefits offered by a platform like LB Circle. It helps recover your debt legally and provides full assistance.
4. EMI scheduling is another great option offered by this portal. You can easily schedule payments and the platform will remind you about your EMIs in advance so that you do not forget them.

To avail these benefits, there are various eligibility criteria as well which need to be fulfilled both by the lenders and the borrowers. These are:

1. Both the lenders and the borrowers need to be a resident of India.
2. While the lender needs to be minimum 25 years of age, the borrower needs to be at least 21 years of age.
3. Both the lenders and the borrowers need to have a valid bank account in India.
4. Both the parties need to agree to abide by the policies and code of conduct set for them respectively.
5. Both the parties should have a PAN card and should share their Tax filing details.
6. The lender should share his minimum income details of 6 lacs per annum so that he can have an investment in lending money and the borrower should also have a minimum income to ensure he or she will be able to repay the loan.