{"id":15145,"date":"2021-08-07T04:14:06","date_gmt":"2021-08-07T04:14:06","guid":{"rendered":"https:\/\/innotech-vn.com\/?p=8801"},"modified":"2023-12-22T13:07:39","modified_gmt":"2023-12-22T06:07:39","slug":"reliable-p2p-lending-app-development-company-in-vietnam-2","status":"publish","type":"post","link":"https:\/\/innotech-vn.com\/vie\/reliable-p2p-lending-app-development-company-in-vietnam-2\/","title":{"rendered":"Reliable P2P Lending App Development Company in Vietnam"},"content":{"rendered":"

A P2P lending app can help both lenders and borrowers have a good experience when using services. Aside from that, investing in P2P lending<\/strong> app development<\/strong> gives a great advantage in cost reduction.<\/p>\n

Finding a reliable P2P lending app development company<\/strong> is very difficult because the software market has a larger number of providers, and you have no idea about hiring them. Let’s keep reading this article; it can give you some helpful suggestions.<\/p>\n

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Benefits of P2P Lending App <\/strong>for borrowers <\/strong><\/h2>\n

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No interference from the intermediary<\/strong><\/h3>\n

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In a P2P lending app, there are no banks or intermediaries involved. So the users neither need to pay for the banking services nor have to convince the creditor to issue a loan that they are solvent and trustworthy. All the processes are carried out on a single mobile application at the expense of minimal fees.<\/p>\n

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Flexible than traditional loans<\/strong><\/h3>\n

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Mostly, P2P loans are unsecured because the borrower doesn\u2019t need to provide any collateral. So users won\u2019t need to tie personal assets or property like is the case with traditional loans. In a P2P lending app, the application process is quick and uncomplicated. Thus, users can easily access funds in a short period of time.<\/p>\n

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Lower Interest Rates<\/strong><\/h3>\n

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The loans that users will get through peer-to-peer lending will charge quite a lower interest rate in comparison to traditional lenders like banking and financial institutions. As the investors are lending their money directly to the borrowers through an application platform, there are no intermediaries, which both parties can leverage at more favorable rates.<\/p>\n

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Thorough Inspection<\/strong><\/h3>\n

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While there is no need for collateral, the borrower still had to submit personal information such as a passport, identity card, salary, and others to prove their solvency. A P2P loan app always provides users with a high level of trust.<\/p>\n

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Benefits of P2P Lending App <\/strong>for lenders<\/strong><\/h2>\n

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\"P2P<\/p>\n

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Steady and Attractive Returns<\/strong><\/h3>\n

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The current average rate of return on a P2P loan lending app is 10%. However, it depends on the type of loan and the duration. In the current banking market, a 10% return is quite attractive, especially if it is diversified among qualified borrowers.<\/p>\n

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Lenders Choose<\/strong><\/h3>\n

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As a money lender, users can categorize the borrowers and check their identification. They will get all the details of a borrower, along with its credit score and other related factors, in the funding algorithm. So, users can choose to invest in borrowers who match their preferences.<\/p>\n

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Fraud Prevention<\/strong><\/h3>\n

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The risk for money lenders is not getting their money back. However, a P2P lending app<\/strong> implements a fraud prevention system in order to maintain a zero-tolerance policy on fraud. The best P2P lending app always follows procedures that are the strictest and most rigorous within this industry.<\/p>\n

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P2P Lending Application Development Services<\/strong><\/h2>\n

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\"P2P<\/p>\n

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