Do you want to borrow money without having any stress and any involvement of banks and credit card companies? Well, if you’re living in a metropolitan city, you can’t easily afford your own property specially when you don’t have a financial background or enough funds. Isn’t it? Likewise, when such a situation arises then, what people do? They apply for loans either from the bank or any other financial company. But, sometimes the bank doesn’t provide you enough loan or charges you a higher interest rate while returning the money back. So today we have brought to you an amazing platform that works with the leading companies to provide loans to their customers. Yes, it’s not a joke the offer is real.
It’s a web app called “Lendify”, which is the Sweden’s largest marketplace for loans. It’s the
largest peer-to-peer lending platform in Sweden. It’s the safest and best marketplace that connects borrowers with the investors. The amazing thing about this app is that it works without any involvement of banks or credit card companies.
The main objective of this app is to create a better economy for everyone by connecting borrowers with investors. You know why Lendify is the best online marketplace for peer to peer lending because it cuts out the middle men and bypasses many of the traditional banking costs. It provides a new type of loan for the borrowers. The app offers totally a digital application process, which is very fast, transparent and flexible. Moreover, the process is safe and accurate. Lendify rewards when you return the money back on time such as it lowers the borrower’s interest rate, etc. The return in Lendify is calculated as an average of all the investor’s return (after fees) divided by their total lending at the end of the current month.
This marketplace of Lendify provides borrowers to access to the personal loans with better terms, and investors access to consumer credit to diversify their investment portfolios, and earn competitive returns. Lendify has achieved so many things in the past year. It has been appointed as one of the world’s leading fin tech innovators by KPMG, as one out of the three Swedish companies together with Klarna and iZettle.
As there are so many options than savings account with little or no interest, and so as the unpredictable stock market. But, Lendify makes it possible to utilize the business model of traditional banks by investing capital in personal loans to creditworthy borrowers and get nearly about 4-6% yearly return. Overall, Lendify offers an established type of asset with a stable history and unpredictable credit losses.
So you must try this web app if you’re living in Sweden. It will definitely help you a lot!
PROS: connects borrowers with investors; number 1 peer to peer lending platform; lower return rate; rewards; safe and secure marketplace; easy to use.
CONS: the app is available for the customers living in Sweden only.