BORROWERS: fees
Orination Fee: 3 - 5% loan amt, when the loa is approved or released. Covers processing, credit checks, and documentation
Late payment Fee: 200 - 500 or a % of overdue balance, when repayment is delayed. Compensates the platform for collection efforts
lending is the act of lending money to individuals or businesses directly through online platforms, bypassing traditional banks
Manages: Technology companies/Fintech startups.
Min Cap Requirement:
* For Investors (lenders)
You can be an investor or a lender for just ₱5,000.
- To start a P2P patform
a minimum paid-up capital of ₱1,000,000, along with significant funding for technology and operations
peer to peer
INVESTORS: fee
Service/Maintenance: 1% - 2% of each repayment, Deducted from the interest earned. For maintaining the platform, distributing repayments, and managing accounts
Withdrawal/Transaction Fee: 10 - 50 or small %, When withdrawing funds to their bank. Covers payment gateway costs
