Lendable is a peer-to-peer lending platform that makes borrowing money effortless.
Using technology, they have trimmed the fat from the traditional loan application process. The result allows them to make an instant decision, offer personalised rates, and transfer funds within minutes.
Lendable look beyond applicants’ credit score, offering loans to people with less-than-perfect credit histories, and charging them less than banks. This way, they provide fair rates to a wider range of borrowers.
Once customers have accepted their quote, they deposit their loan within minutes. Because their technology is brand new. Unlike banks, who use huge systems built at a time when the world was different.
The internet has made commerce faster, cheaper and safer. Time for finance to step up.