Nowadays today having no capital can be an unacceptable basis for people who wish to chance a business and grow a business. There are many techniques for entrepreneurs including SMEs to get capital. For anyone who will be still reluctant to make application for a loan from the bank with interest and complicated terms, there are alternatives that could be on your path into success, with peer to see lending or P2P lending. This new financial technology platform connects directly between your lender (investor) as well as the borrower (borrower) through the peer to see lending platform.
The power for investors is because can offer business loans to genuinely qualified borrowers, whereas for borrowers the benefit is to buy a reliable investor because to become listed on the platform, system company is going to do the data filtering first to find out its credibility. Given the user-friendly platform available, can peer to peer lending be an alternative in investment and searching for capital for future years of Indonesia later on?
Advantages P2P Lending for Investors
What is the first thing that lenders see before giving loan investments to entrepreneurs who apply? Obviously will be the prospect of the continuing development of the business enterprise whether it can earn money or not. Not infrequently investors are not able to issue loan funds because they’re less at ease the credibility with the borrower. But through the lending marketplace or Financial Technology for personal and business loan, investors may be well informed in investing because borrowers who’ve joined this marketplace has become filtered before. Other features of joining P2P lending platforms such as SOFIS include:
The process of investment is quicker and simpler.
Now you may participate to become a borrower of either a company, a business person, or even an one that has more funds to channel to entrepreneurs who require funds. Issues 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 begin to play a better return value in contrast to channeling investment funds through lending banks.
Advantages of P2P Lending for borrowers
If you are an entrepreneur, when gonna apply for SME loan one of the things that become a consideration is the interest rates set by loan companies that provide credit facilities. So furthermore those who want to make an application for loans form of hosting needs including employee loans or to fund children’s education. So the main advantage of joining SOFIS being a P2P lending platform would be that the rate of interest is gloomier than that set by other credit finance institutions.
Additionally, there are numerous advantages that may be enjoyed by borrower include:
1. A much easier cash loan application with simpler terms than trying to get a loan with a bank or other financial institution.
2. SOFIS provides loans to individuals along with business loans. Individual loans can be utilized for home rehabilitation, plastic card payment loans, employee loans, and micro loans. While unsecured commercial loans, SOFIS serves business capital, receivable financing (max. As much as IDR 250 million), and contract financing (max. Around IDR 1 billion).
3. SOFIS supplies a a low interest rate rate and it is adjusted depending on the borrower’s risk assessment. The borrower will be classified in loan grade beginning with A1-C3 to look for the amount of interest to become borne.
Studying the various benefits that can be obtained because of investors or for borrowers, naturally P2P Lending platform like https://sofis.id may make adjustments to the dynamics of financial services in Indonesia. Now individuals and firms which need funds can easier get investors who accept the objective of lending, and investors produce other ways to invest or channel funds up to the more needy. With easy loan way, needless to say may help in improving prosperity of Indonesian community.
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