As with any lending product, there are some risks associated- the biggest one being that a borrower doesn’t repay. Lendbox and MobiKwik undertakes KYC of the borrower and only approve the borrowers who pass Lendbox’s credit assessment policies. Your loaned amount is also diversified across multiple borrowers to minimize risk as much as possible, and all of the borrowers have to sign the legally binding loan agreement. In case of a default, recovery efforts are made by Lendbox through the collection agencies to follow up and recover missed payments on your behalf. Lendbox or MobiKwik cannot guarantee repayment of the amount lent through the P2P platform and there exists a likelihood of loss of the entire principal amount.