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The Loan System that we have developed will enable borrowers to get loans for all purposes includes commercial lending, private institute loans or personal loans. The lenders will be able to lend them money. The borrower can submit an application for loan, which will be approved by admin so that his security check could be completed. The borrower can manage the list of his loan applications.
Lender can search for Loan Investment Proposals(LIP) on the website using keyword and investment amount. Lender will have an option to contact to the borrower for discussing the terms of the proposal. Lender can view detailed description of the borrower. He can view personal details along with the documents that borrower has got verified by the admin. Investor can also view his financial history.
borrower can create a loan application which will help him get the loan from Lender.
Borrowers can easily find lenders over the website without any intervention.
Borrower can manage all the applications that they have created and track their loan status.
Lenders can see the documents of the borrower so that they can decide if they are a safe investment.
Lenders can go through the loan applications with ease so that they find the correct borrower to lend money to.
Lender can send messages to borrower through the list of loans to discuss the terms of transaction in detail.