In modern times today without capital is definitely an unacceptable reason for those that need to run a business and to grow a business. There are several methods of entrepreneurs including SMEs to get capital. For anybody who are still not wanting to apply for a financial loan with interest and complicated terms, there are alternatives which can be the right path into success, with peer to peer lending or P2P lending. This new financial technology platform connects directly between the lender (investor) and also the borrower (borrower) with the peer to see lending platform.
The bonus for investors is that they offers business loans to truly qualified borrowers, whereas for borrowers the power is to find a trustworthy investor because to join system, system company will do the information filtering first to find out its credibility. Due to the user-friendly platform available, can peer to look lending be a choice in investment and seeking for capital for future years of Indonesia later on?
Advantages P2P Lending for Investors
Is there a first thing that lenders see before giving loan investments to entrepreneurs who apply? Obviously could be the prospect from the development of the business enterprise whether it can become profitable or not. Not infrequently investors neglect to issue loan funds as they are less at ease with the credibility with the borrower. But with the lending marketplace or Personal Loan Online, investors might be much more confident in investing because borrowers who’ve joined this marketplace has been filtered before. Other advantages of joining P2P lending platforms for example SOFIS include:
The process of investment is faster and easier.
Anyone can participate to be a borrower of the company, an entrepreneur, or even an individual who has more funds to channel to entrepreneurs who are required funds. In case you have previously invested with forms, lending through P2P lending could be a strategy to diversify forget about the for risk sharing. Investors can begin to play a better return value weighed against channeling investment funds through lending banks.
Features of P2P Lending for borrowers
An advanced entrepreneur, when going to submit an application for SME loan something that turn into a consideration is the interest rate rates set by financial institutions that offer credit facilities. So but in addition those who wish to submit an application for loans for personal needs including employee loans as well as to fund children’s education. So the main advantage of joining SOFIS like a P2P lending platform is that the interest is less set by other credit banking companies.
Furthermore, there are many advantages that may be enjoyed by borrower include:
1. A much easier money advance application process with simpler terms than applying for a loan to a bank or another lender.
2. SOFIS provides loans to people along with loans. Individual loans may be used for home rehabilitation, credit card payment loans, employee loans, and micro loans. While unsecured commercial loans, SOFIS serves business capital, receivable financing (max. Around IDR 250 million), and contract financing (max. As much as IDR 1 billion).
3. SOFIS supplies a preferential rate and is also adjusted using the borrower’s risk assessment. The borrower is going to be classified in loan grade starting from A1-C3 to ascertain the interest rate to become borne.
Going through the various benefits that may be obtained because of investors or borrowers, obviously P2P Lending platform like https://sofis.id will make changes in the dynamics of financial services in Indonesia. Now individuals and firms that want funds can more easily get investors who go along with the intention of lending, and investors have other approaches to invest or channel funds up to the more needy. With easy loan way, naturally can help in improving prosperity of Indonesian community.
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