LenDenClub launches InstaMoney Plus, which gives users digital credit card and UPI options.

LenDenClub, India’s largest individual to individual loan network, has released InstaMoney Plus, an app that offers consumers special benefits such as Digital Credit Line and Digital Credit Card, as well as UPI to enable quick access to funds through both online and offline platforms.


Users can now make payments, purchase online, and pay at any retail location. Based on a study of its internal customer data, LenDenClub login observed that the majority of users on its platform require short-term loans or more credit on their existing loans when they are in a crisis, such as a medical emergency, a paycheck postponement, or such. InstaMoney Plus will address these issues that consumers have, particularly amid unpredictability.

Lendenclub login

When a user repays their debts, the new platform will instantly replenish the funds in their InstaMoney Plus account. It will ensure that customers have access to cash at all times, for any emergency situation, without the need for fresh applications, documentation, or actual visits. Loan application and approval times have been lowered from three to five hours to nil. Users will be required to pay interest solely on the amount utilised, not on the top-up.

Users will have a larger credit demand during an emergency. Borrowers with low incomes and those who are new to credit are frequently turned down. With the most recent Plus upgrade, existing borrowers on the platform will immediately become eligible for increased loan limits of up to Rs. 25,000, up from Rs. 12,500 before, without the need for any extra proof. The user may also adjust the credit limit, allowing for more efficient use. Furthermore, consumers may repay debts with simplicity by turning them into reasonable and flexible EMIs ranging from one to four months.

Instamoney login


It’s InstaMoney Plus is an enhancement to the company’s existing main digital lending product.

An RBI-registered NBFC-P2P, operates the flagship digital lending platform InstaMoney. It is a short-term personal loan solution that is available immediately for salaried persons searching for short-term and minor loans. It will be of significant help to low-income millennials living in tier II and III cities who find it difficult to obtain loans during crises from traditional lending institutions like banks.

In response to the launch of the InstaMoney Plus service, Bhavin Patel, Co-founder & CEO of LenDenClub, stated, “During the pandemic, we have witnessed there has been a rise in credit demand for emergency usage, multiple times by the users. Hence, InstaMoney Plus has been introduced for easy access to cash 24×7. With this upgrade, we hope to provide benefits to our loyal existing customer base, especially during an uncertain time like now and also contribute to the country’s digitization story.”

This approach is primarily aimed at Millennials — the preferred demographic in India – and is designed to become indispensable for these young professionals (advances on salary especially). This is especially important when these creditworthy clients reside and work in mid-sized towns yet are excluded or inadequately served by traditional credit institutions.

Lendenclub just became India’s first profitable peer-to-peer lending enterprise, surpassing Rs. 500 crores in loan disbursements in the fiscal year 2020-2021. Through its Pan-India platform, the business has already granted over 2.5 lakh loans. The corporation intends to grow significantly, aiming for a five-fold increase in the next two years.

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