How it Works

  • Borrower
    • Adds a Loan
      • Have option to cancel Loans in loan posted
      • Expired (If loan is fixed lending and loan didn't reach goal.)
    • Lender lends a loan through Wallet
    • After loan reaches the goal site transfer amount to borrower after deduct the site commission
    • Loan Moved to Project Amount Repayment state.
      • If repayment schedule date exceeded, have to pay with late payment fee.
    • Repay the amount to Lender, by given repayment schedule.
    • Loan Closed
  • Lender
    • Lends a loan through Wallet
    • After loan reaches the goalsite will transfer amount to borrower
    • Loan Moved to Project Amount Repayment state.
      • If repayment schedule date exceeded, Borrower will pay with late payment fee.
    • Borrower repay the amount, by given repayment schedule.
    • Loan Closed