Now, that you have started clubbing money via chit fund on the Money Club we would like to tell that everyone loves clubbing with verified clubbers! It increases the level of trust with the peers you are pooling your funds with.
Pool Up Money Online With Verified Peers
The Money Club assures zero credit risk to its customers therefore it allows you to go to higher clubs only when you have built a good transaction history on the platform and completed the 2 levels of verification. Our algorithms track the performance of each member and keep updating the risk profile of the user. The following path can take you to higher amount clubs –
- Complete the pilot club successfully
- Complete level 1 verification
- Complete level 2 verification
Keep participating in smaller amount/high-frequency clubs to build a good transaction history to eventually join higher amount clubs.
Every clubber needs to complete 2 levels of verification:
- Level 1: id and background of the clubber is verified using your PAN / Aadhaar number
- Level 2: Income and credit history of the clubber is verified using ITR, bank statements and Credit scores
Borrow Money Hassle Free And Repay In Installments
- Last 6 months bank statement showing the income inflow
- Latest ITR form
- Latest credit report
Within 2 days you will receive an email from us specifying the Money Clubbing Limits that you can avail on our platform.
And the best part is that going forward, you will be given preferential access to invitations for joining more and more Money Clubs, based on your limits.