In modern times today without capital is definitely an unacceptable reason for people that desire to manage a business also to grow a small business. There are many methods for entrepreneurs including SMEs to have capital. For those of you who will be still not wanting to obtain a bank loan with interest and complex terms, there are alternatives that may be your way into success, with peer to look lending or P2P lending. This new financial technology platform connects directly between the lender (investor) as well as the borrower (borrower) with the peer to peer lending platform.
The power for investors is that they can provide business loans to truly qualified borrowers, whereas for borrowers the power is to get a reliable investor because to participate the platform, the platform company is going to do the info filtering first to determine its credibility. Because of the user-friendly platform available, can peer to see lending be a choice in investment and seeking for capital in the future of Indonesia down the road?
Advantages P2P Lending for Investors
Exactly what is the the very first thing lenders see before giving loan investments to entrepreneurs who apply? Naturally is the prospect with the growth and development of the organization whether or not this can become profitable or otherwise not. Not infrequently investors neglect to issue loan funds since they’re less at ease with the credibility with the borrower. But with the lending marketplace or Business Loan Online, investors might be well informed in investing because borrowers who’ve joined this marketplace has been filtered before. Other attributes of joining P2P lending platforms such as SOFIS include:
The operation of investment is faster and much easier.
You can now participate to be a borrower of either a company, a business owner, or even an person that has more funds to channel to entrepreneurs who need funds. If you have previously invested with forms, lending through P2P lending is usually a way to diversify forget about the for risk sharing. Investors can begin to play a greater return value compared with channeling investment funds through lending banks.
Benefits of P2P Lending for borrowers
If you are an entrepreneur, when gonna make an application for SME loan one thing that become a consideration will be the interest rates set by banking institutions that supply credit facilities. So furthermore those who desire to make an application for loans form of hosting needs including employee loans or to fund children’s education. Therefore the main good thing about joining SOFIS as a P2P lending platform is that the interest rate is lower set by other credit finance institutions.
Additionally, there are numerous advantages that can be enjoyed by borrower include:
1. A faster and easier money advance application with simpler terms than trying to get that loan to some bank or any other lender.
2. SOFIS provides loans to the people along with commercial loans. Individual loans may be used for home rehabilitation, credit card payment loans, employee loans, and micro loans. While unsecured business loans, SOFIS serves business capital, receivable financing (max. Approximately IDR 250 million), and contract financing (max. Up to IDR 1 billion).
3. SOFIS gives a low interest rate rate and it is adjusted based on the borrower’s risk assessment. The borrower will be classified in loan grade beginning from A1-C3 to determine the interest to get borne.
Looking at the various benefits which can be obtained because of investors and borrowers, of course P2P Lending platform like https://sofis.id could make changes in the dynamics of monetary services in Indonesia. Now individuals and firms that need funds can more easily get investors who trust the purpose of lending, and investors create methods to invest or channel funds up to the more needy. With easy loan way, of course can help in improving prosperity of Indonesian community.
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