Prosper has created a new environment and trend where it is possible to get loans with fewer interest rates, easier and faster without using traditional sources. America’s first marketplace for online peer to peer money lending platform, offers unsecured loans to customers with fair to excellent credit. Similar to Prosper.com, this platform has a transaction-based business model, also known as the marketplace model, which is an online business model wherein users interact in transactions, and revenue is generated by charging these users a fee or “commission” on each successful transaction.
If you have an intention to create a online peer to peer money lending platform like Kiva.com for micro- funding as a non-profit organization that allows people to lend money via the internet to low-income entrepreneurs and students. Then iScripts SocialWallet is the best platform to choose. You can utilize this platform by crowdfunding loans and unlocking capital for the underserved, improving the quality and cost of financial services, and addressing the underlying barriers to financial access around the world. Through this platform students can pay for tuition, women can start businesses, farmers are able to invest in equipment and families can afford needed emergency care.
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Whether you are looking to set up a online peer to peer money lending platform, then iScripts SocialWallet is a fully functional solution to run your business profitable. Meanwhile, you may be recognized with the rising popularity of online peer to peer money lending platform and it’s competition. The world’s leading online peer to peer money lending platform like LendingClub, Prosper Marketplace, Upstart, Funding Circle, Kiva, Zopa, SoFi are operating on the same basic principle, they vary in terms of eligibility criteria, loan rates, amounts, and tenures as well as offerings and prime focus. As a marketplace owner, you can personalize all the properties and functions of this platform as per your business strategy and target audience.
Users can perform their respective activities through this marketplace, as a borrower they can apply for a loan and the marketplace owner can approve or deny based on various selection criteria. As an approved investor, they can see this as an opportunity and invest small amounts.
As a marketplace owner, iScripts SocialWallet will allow you to earn money in a form of origination fees. The marketplace owner can set and manage the commission or origination fees for borrowers and investors. When a borrower borrows through this platform, they will be subject to an origination fee. The origination fee will be set as one- time or percentage fee to process when a borrower receives a loan or at the time of repayment. The origination fees can be managed based on their risk grade, as well as the term of their loan, and other factors.
iScripts SocialWallet is an online peer to peer money lending platform that helps you build easily. Once you purchase the online peer to peer money lending platform you can add all details regarding your website including loo, website contents, theme, products and you can easily manage it at administration area. With the help of our support team and development team you can do everything within a few clicks. A site administrator can control the software once it's installed. We can help you to install the software at your hosting account.
iScripts SocialWallet is an open-source PHP online peer to peer money lending software . You can customize the online peer to peer money lending platform to fit in with your website requirements. For customization either you need a programmer or request us a quote we will do the changes.
By using the online peer to peer money lending platform from iScripts, you can create a new website or expand your existing online marketplace. This online peer to peer money lending platform connects people who want to borrow money with individuals and institutions that want to invest in consumer credit. Borrowers get access to affordable fixed-rate, fixed-term personal loans. Investors have the opportunity to earn solid returns via a data-driven underwriting model.
You can build online peer to peer money lending web platform and mobile app to easily to start a lending business.
You can expand your business and generate revenue.
Web platform and iOS Android Applications are available.
A web-based administration area will be provided for the marketplace owner to control the primary functions of the website and access data as required.
Attract customers with existing and successfully running business models.
The platform allows your customers to create a new environment where it is possible to get loans with fewer interest rates, easier and faster without using traditional sources, like banks, insurance companies, and brokerage firms.
An iOS and Android mobile applications common for lenders and borrowers. The turnkey mobile app let customers to borrow and lend the money within a single window.