Borrower Eligibility Criteria
A Borrower on Lenbor must:

  • Be a resident of India.
  • Have a minimum gross income of INR 2 lacs per annum.
  • Provide all the documents mentioned in the checklist.

QUICK CHECK OF DOCUMENTATION REQUIRED:

Borrowers will be required to provide Lenbor with following documentation at the time of verification.

  1. Photographs 2 copies
  2. Identity Proof (any one of the following) PAN Card, Adhaar card, Voter ID, Passport
  3. Date of Birth Proof (any one of the following) PAN Card, Passport
  4. Signature Proof (any one of the following) PAN Card, Signature verification from your bank, Passport
  5. Address Proof (any one of the following) Passport, Bank Statement, Voter ID, Electricity Bill (within last 3 months) Post paid Telephone Bill
  6. Contact Proof (any one of the following) Post paid Mobile Bill (last month)Post paid Landline Bill (last month)
    1. (a) Bank Statements Last 6 months
    2. (b) IFSC code Scanned/cancelled cheque or copy of the front page of pass book of same bank account
  7. Proof of Income Last 3 months of Salary Slip (For Salaried Professional)Last year’s Business/Personal ITR & Take home salary (For Business Professional)
  8. NACH Mandate
    Please ensure sign matches bank account signatures

NACH is used to electronically transfer funds from lender’s escrow account to Borrower’s bank account and to make repayments from borrower’s account to lender’s escrow account. Thus, it’s important to ensure that the sign on the NACH mandate matches with the borrower’s bank account signature.

Information provided by you will be used strictly for official purposes, and Lenbor safeguards client confidentiality. For further information, please read the Lenbor Policy and Terms & Conditions mentioned on the website.