Published on August 14th, 2018 | by Steven
Lendify- WebApp Review
AppsThunder - App Review
Summary: Lendify connects borrowers with investors Sweden's largest marketplace for loans namely Lendify and were greatly intrigued since it looked like special something set it apart from the others.
People recently happened to come across Sweden’s largest marketplace for loans namely Lendify and were greatly intrigued since it looked like special something set it apart from the others. Primarily this Lendify is the most popular and largest peer to peer lending platform in Sweden.
They professionally operate a marketplace platform that wholly connects borrowers with investors – without the involvement of banks or credit card companies. In addition they also provide better terms for borrowers and solid returns for investors. So by expediently connecting borrowers with investors, they aim to create a better economy for everyone.
Lendify connects borrowers with investors
In an interesting stat since 2014 Lendify have lent more than 1 billion SEK to borrowers, with a growth rate of 350 percent between July 2017 and June 2018. They are Sweden’s largest online marketplace for peer to peer lending. Their marketplace offers borrowers access to personal loans with better terms, investor’s access to consumer credit to diversify their investment portfolios, and earn competitive returns.
Effective solid returns for investors
It is also enumerated that there are other many options than savings account with little or no interest, and the unpredictable stock market. Lendifyprofessionally makes it possible to use the business model of traditional banks by investing capital in personal loans for creditworthy borrowers and get 4-6 % in yearly return. They also provide an established type of asset with stable history and predictable credit losses.
You can come across solid credit assessment is the cornerstone in the operations of Lendify. They only permit credit worthy private individuals to borrow money through their platform.
Invest with Lendify and become your own bank
By efficaciously using Lendifyone can use the banks model and lend your money to credit worthy borrowers. They primarily cut the middlemen and create better conditions for both borrowers and investors. As a result everybody wins – besides the bank.
- Use Autoinvest to receive a good diversification without doing the work
- Monthly down-payments
- Reinvest payments to maximize your return
You can avail of personal loans up to 500 000 kr and possible to apply online in just 2 minutes and get an instant offer.
- Lower your interest rate over time
- Personal loans with a simple application
- Instant disbursement New kind of loan for borrowers
So by effectively cutting out the middle men and bypassing many of the traditional banking costs Lendify can offer good rates for borrowers. They also provide completely digital application process, which is fast, transparent and flexible. Moreover they also provide unique loyalty program Lendify Rewards which actually lowers the borrower’s interest rate when paying back on time. It is also noted that Lendify increases lending by 236 percent and expediently takes in 400 million will be lent out to borrowers. In conclusion because of the Lendify persuasive features, everything is wholly packed with ton of salient aspects for global users.