Peer to Peer borrowing
Peer to peer borrowing refers to the phenomenon of online crowd borrowing brought about by platforms that match borrowers directly with lenders. It is gaining popularity and expanding rapidly to new product categories because it offers an improved experience and passes on the benefits of technology to borrowers and lenders. Peer-to-peer lending has emerged as one of the hottest markets for the financiers and borrowers with a fast growth track and billions of dollars generated in loans every year.
AIS Technolabs specialize in building borrowing software. A successful P2P lending platform has, as a foundation, flexible and efficient technology that allows them to exceed borrower and lender expectations.
Our crowd borrowing software features
API-Based: It is based on APIs so it can be easily integrated with your existing systems, either in parts or as a whole.
Front-end User Interface: Our software comes pre-built with a front-end user interface, a feature offered by very few marketplace lending software providers. Thus it’s very easy to implement the software; you need not spend time and resources to build the frontend.
Cost-Efficient: Our software is competitively priced in comparison with global players. It offers a better user interface and more sophisticated features but only at a third of the price of other providers.
Covers all loan products: The software covers all types of loan products from personal loans to home loans, commercial loans, real-estate financing, loans against collateral or invoice financing.
Cloud-based: Being cloud-based, it can be accessed from anywhere with a web browser. The servers are hosted within your country. We pay very high attention to security and go to extraordinary lengths to make sure your data is 100% secure.
Secure: High data security standards followed
Customizable : Highly customizable as per your requirements
Scalability and Flexibility : The platform offers amazing flexibility and scalability to the companies looking forward to entering the lending business.
Technical Support : AIS Technolab’s peer to peer lending software is cloud-based and secure. We provide all kinds of technical support you need to launch the lending business quickly and effectively.
How the system works?
The process of people giving money directly to people and earning interest is quite easy. Below mentioned are few steps to accomplish
The is the first step and comprises of a borrower creating a profile on the platform, filling the loan application form and a lender processing the same.
The lender assesses the risk, creditworthiness, figure out a credit rating and assign an appropriate interest rate. It is an evaluation of the ability of the individual to honor its financial obligation.
Here either an investor or a group of investors from the marketplace fund the loan.
The process of people giving money directly to people and earning interest is quite easy
After the agreement is signed and all the other formalities completed, the investors disburse the loan to the borrower.
After a certain period of time or with the help of a couple of timely reminders, the investors collect the money from the borrower which includes the principal amount along with the interest.
Why approach AIS Technolabs?
The greatest driving force behind the next generation of successful players in the person-to-person lending space is attributed to technology. AIS Technolabs, brings forth an award winning peer-to-peer loan origination and servicing software both for small and mid-sized players, that can be fully managed by you. Our platform has inbuilt features for superior automation and risk assessment for fast loan application approvals and borrower/investor matching. It provides outstanding loan servicing features for tracking borrower payments and investor disbursements, all with the highest level of accuracy and data security. There is a lot of competition as new fundraising lenders enter this business everyday. However the speed, accuracy and efficiency our platform provides, will make you outperform other marketplace lenders who view the online space as just another distribution channel. Start your online lending business now with easy, accurate and affordable Peer-to-Peer lending software and also field management software from AIS Technolabs, that includes origination, scoring, servicing, collection and portfolio management. Get your Free Trial today.
How to earn revenue using this product ?
Our special peer to peer lending script is configured with revenue making options :
Investors and fundraisers can become members of your lending fundraising website by paying a membership fee.
You can earn commission every time money is lend by investors for the development of an innovative business.
When a site investor borrows from a project listed on your lending site, you earn money.
You can allow your site users and other related organizations to host their own promotional ads on your website and earn money from every posted advertisement.
You earn money when a user enters the Captcha word while registering on your lending based fundraising website.
Contact us to run a sophisticated lending script and make money. Grow your business ten folds!