P2P Lending

P2P Lending Solution

The concept of Crowd Sourced Funding for projects have been in existence for a long time. Peer-to-Peer Lending is a hybrid lending product which bypasses the traditional route for lending activities. P2P Lending solution covers all aspect of the Lending to MSMEs by Retail Investors. The solution has been architected as a modular solution. The solution offers several advantages to both the Borrowers and the investors. The key to the success of the solution is its ability to process a loan application swiftly. The investors can access details of their portfolio through intuitive dashboards and other visualizations.

The borrowers can choose from a variety of options depending on their needs. The options to choose the bidding from the investor through an Open Bid Auction or Closed Bid Tender or Fixed Interest rate, provides unique opportunity to the borrower to optimize the interest rates for the loan. The borrower can also choose the repayment options that range from EMI, Monthly Interest + Final Prinicipal, and Bullet repayment. The system generates the repayment schedule for the loan contract for each of the individual investor for that loan.

The System automates the entire process end-to-end with an optional tie-in to link the bank accounts of the investors and borrowers automatically through various payment gateways to the Platform’s escrow bank account. The contracts are stored as digitally signed documents that can be accessed by the Admins, the borrowers, and the investors at any time.

The system is designed to use AWS S3 storage or local file system depending on the security needs of the operator.

Technology Landscape

Server Side
  • PHP
  • Laravel Framework
Database
  • MySQL
  • Maria DB
Server Deployment Support
  • Cloud-based deployment on Ubuntu Linux
  • Apache Web Server