We have been following Lendico for the last couple of months and we are truly impressed with the service they are offering. They have brought a unique p2p lending website to South Africa and by the looks the things; they are surely making a stir in the lending industry.
Lendico was started in Germany and have opened up in Spain and now South Africa and people seem to love the idea to apply online and let investors determine if they are willing to invest etc.
The great thing for me about Lendico is that they help both companies as well as private individuals to finance their loans. These types of websites aren’t new to the business and international sites like Lending Club have been around for a while, but Lendico truly offers South Africa the first glance p2p lending.
Another great feature is that Lendico checks every loan request against the person’s credit rating, thus offering effective execution. The categories listed for loans vary from loans from education, home renovating, debt consolidation, real estate, moving etc., thus ensuring a viable loan option for people who need money and can’t always get that loan from a bank.
So be sure to look at Lendico if you are in need of a loan.