Relationship-based lending

Relationship-based lending to simplify loans b/w friends & family enabled with automatic ACH loan payments.

I recently lent a heavy sum to a friend and expected everything will go smooth but the reality was something very different, unexpected and kind of awkward?!

This feature I believe can safeguard interests of both the parties (probably with mutually decided Interest rates as well?)

2 Likes

Yes, we have a large market for Unstructured Loans!
Leveraging personal relationships instead of personal credit score to lend & borrow money sounds interesting!

Guess what @Raghav!
Something very similar was suggested by our community champion @Vanshika_Mehta, she also went to the extent and suggested interest to be charges on money lent to friends and family.

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