A White label P2P lending software is a customized platform that will have a hassle-free process of obtaining the required amount of credit.
The operational layout comprises a prospective creditor depositing fiat funds, a borrower will apply for a loan after registering on the platform, he will promise to pay interest on time, if he fails to pay the loan on time, the collateral that he has pledged earlier will act as a safety mechanism, and once the entire loan has been paid off fully later, the creditor receives all the money that he deposited on the platform beforehand along with the interest income, and the assets can be claimed by the borrower.
The common features are institutional-grade security measures like two-factor authentication and end-to-end encryption will be available, different types of loan products will be available, and over-collateralization of the loan facilitates the debtor to pay back the borrowed amount on time.
Lenders will get plenty of benefits as they get access to profitable global opportunities, issue a credit to the eligible borrowers in the highly demanded currencies, and get back guaranteed repayments.
The borrowers will have an advantageous situation as there is no need to submit a valid credit score to the lender, the terms and conditions of the loan will be friendly, repayment of the loan before the deadline will not attract any penalties to be paid, and he can use various transaction methods to withdraw funds quickly from the platform.
Fix a free consultation with our top-notch developer team and procure your feature-packed White label P2P lending software sooner than later.
