LoanBit: P2P based Online Lending Platform

mwaqar17 (47)in #news • 7 years ago

In recent era, loans are provided by the banks or other financial institutions with an agreement containing strict terms and conditions and the deals are most often finalized in the premises of the individuals’ or the organization applied for loan. But even after hard and stringent terms, not everyone can apply for loan or attaining his desired or applied amount after clearing all the steps of process involved. In some cases, the borrower has to apply to multiple banks to get load and achieve the capital total. The communication and applying process involves many steps and it takes from days to week to complete the standard procedure but yet, there is no surety that one will get he has applied for. So, an alternate system was required to take loan in case if the banks or other financial institutions refuse to lend the money and here, we are presenting the solution “The LoanBit”.

LoanBit is an online lending platform where the investors and borrowers communicate with each other, getting agreed on mutually decided terms and conditions and the desired amount is given with the promise of returning it in promised duration. Online loans are becoming much popular these days as it is now a matter of five to ten minutes for investors to invest their money profitably and borrowers to get their desired money without waiting for weeks or even months to achieve their goals while sitting at their homes and using a cellphone, PC or a laptop. LoanBit is going to transform the sector by providing the most reliable and best professional services and helping the people in the most unexpected circumstances (https://indd.adobe.com/view/38df3e7f-7bcd-407b-80aa-f2b19b82c571).

LoanBit is designed on P2P based lending system which is increasingly becoming famous as it supports the give and take money between the parties who are not related to each other and there in no intermediaries are involved (banks, financial institutions or unions). It eliminates the commission charges or any hidden terms and conditions, making the view clearer for all parties involved in the system. The interest rate is decided by both parties and can be different from that of bank or other financial resources. Moreover, an unconventional attribute of such system that numerous participants are involved in one transaction as in some cases, terms and conditions do not get finalized between the parties and borrower has to apply again for loan.

With LoanBit, anyone can be an investor and any authorized individual or organization can borrow money after completing a verification process. Not only has that but LoanBit also assured the diversification of loans (investments). The easily accessible platform ensures the directness through which investor has the freedom to select the loans he wants to finance.

Note: The main ICO (Initial Coin Offering) has been started and with be live till 24th December 2017. We invite the investors from all over the world to come and join our platform and enjoy the benefits we are offering to our stakeholders (https://ico.loanbit.org/).