In modern times today without capital is definitely an unacceptable reason behind those who wish to manage a business also to grow an enterprise. There are numerous ways for entrepreneurs including SMEs to obtain capital. For those of you who’re still hesitant to apply for a mortgage with interest and complicated terms, there are alternatives that could be the right path into success, with peer to look lending or P2P lending. This new financial technology platform connects directly between the lender (investor) and the borrower (borrower) over the peer to look lending platform.
The benefit for investors is that they can provide business loans to truly qualified borrowers, whereas for borrowers the benefit is to buy a reliable investor because to join the woking platform, system company will perform the info filtering first to ascertain its credibility. Given the simple to use platform available, can peer to peer lending be a choice in investment and looking for capital in the future of Indonesia later on?
Advantages P2P Lending for Investors
What’s the first thing that lenders see before giving loan investments to entrepreneurs who apply? Of course will be the prospect with the progression of the company whether or not this can generate income or otherwise not. Not infrequently investors don’t issue loan funds because they are less at ease the credibility in the borrower. But from the lending marketplace or SOFIS, investors may be more confident in investing because borrowers who’ve joined this marketplace has become filtered before. Other benefits of joining P2P lending platforms including SOFIS include:
The operation of investment is faster and much easier.
You can now participate to become a borrower of whether company, a business person, or perhaps an individual that has more funds to channel to entrepreneurs who are required funds. In case you have previously invested along with other forms, lending through P2P lending can be quite a way to diversify forget about the for risk sharing. Investors can engage in a greater return value in comparison with channeling investment funds through lending banks.
Advantages of P2P Lending for borrowers
An advanced entrepreneur, when gonna apply for SME loan one important thing that become a consideration could be the amount of interest rates set by finance institutions that provide credit facilities. So furthermore individuals who need to make an application for loans for personal needs like employee loans in order to fund children’s education. Therefore the main advantage of joining SOFIS like a P2P lending platform is that the rate of interest is gloomier than that set by other credit finance institutions.
In addition, there are many advantages that can be enjoyed by borrower include:
1. A faster and easier loan application with simpler terms than trying to get that loan to a bank or other traditional bank.
2. SOFIS provides loans to the people and also commercial loans. Individual loans may be used for home renovation, charge card payment loans, employee loans, and micro loans. While unsecured loans, SOFIS serves business capital, receivable financing (max. Up to IDR 250 million), and contract financing (max. As much as IDR 1 billion).
3. SOFIS supplies a low interest rate rate and it is adjusted based on the borrower’s risk assessment. The borrower will likely be classified in loan grade beginning A1-C3 to discover the amount of interest to be borne.
Looking at the various benefits that may be obtained because of investors or borrowers, obviously P2P Lending platform like https://sofis.id could make changes in the dynamics of monetary services in Indonesia. Now individuals and firms that require funds can with less effort get investors who trust the purpose of lending, and investors produce other solutions to invest or channel funds up to the more needy. With easy loan way, of course will help in improving prosperity of Indonesian community.
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