Clarisco Solutions is a highly acclaimed P2P Crypto Lending Platform Development company that offers avant-garde P2P lending solutions by utilizing the expertise of our developers. Conquer the crypto marketplace with our cutting-edge P2P lending software.
The practice of lending and borrowing is as old as the invention of money. It still exists and will continue to do so in the future. The concept of funding has evolved significantly over the years, and now, with the help of technology, one can get funds within a few clicks. Blockchain is one such technology powerhouse that is transforming finance infrastructure across the globe.
The blockchain-based Peer to Peer (P2P), lending software, allows two parties to meet their financial needs at a lower cost. It will become a secure and easy-to-use lending system in the future. Our experts can help you launch your P2P lending program using blockchain technology.
We are a leading platform development company for peer-to-peer crypto lending platforms.
We offer traditional services to help you build your trading platform. Our P2P fiat platform development services are cost-effective, and have been proven to work.
Our cross-lending platform development services for P2P are a perfect blend of traditional fiat currencies with the innovative nature of cryptocurrencies. A cross lending platform is the best solution in the absence of widespread adoption of cryptocurrency.
Peer-to peer lending is a popular way to get loans that are not available through traditional banks. After meeting the conditions, individuals can borrow the amount from others. P2P lending is a different process than conventional lending, which involves intermediaries such as banks, loan officers, underwriters and loan processors. Lenders and borrowers can now connect quickly at a significantly reduced cost. Smart contracts allow lenders to have the entire process in place and help borrowers get the finance they need faster.
Lenders can earn higher returns on P2P lending than a savings account, which is one of the major advantages of peer-to-peer lending. This process is available to borrowers who do not have the credit score required for traditional bank loans.
No-third party or intermediary involved
Reduced processing fees
Quick access to loan than the traditional method
Standardized rate of interest
High-transparency
No hidden cost involved
Smart contract-enabled loans
You can pay interest with cryptocurrency
Higher return on investment
It is easy to connect lenders and borrowers.
A P2P lending platform allows lenders to communicate with borrowers and negotiate the interest rate and repayment time frame
Smart contracts are used to execute the loan between borrower and lender on blockchain-based P2P crypto lending platforms. They can interact securely with a blockchain network.
The entire process of lending is automated using smart contracts and pre-defined guidelines. This ensures that the process is smooth and free from errors. The P2P platform offers high security and trust for its users.
Blockchain allows the lender to remain anonymous and not reveal any other information than the initial platform registration. Lenders can choose the type of loan they wish to offer from the marketplace and then conduct the transaction from their wallet.
Loan origination refers to the entire process of a borrower applying for a loan and receiving funds from the lender. The platform's development will allow it to assist in the origination process through the Peer-to–Peer lending system.
Calculating the Equated Monthly Installation (EMI) repayment amount and interest cost using the loan calculator will allow you to calculate the deferred payments loans as well as the interest rate. This allows the lender and borrower to be very clear about what they are willing to pay back and what they will receive.
The credit score of an individual is a measure of financial trustworthiness and repayment capacity. This information will allow the lender or investor to make a decision about the borrower.
The P2P cryptocurrency lending platform was updated with SSL certification and two factor authentication. This allows for secure and encrypted login.
If the borrower has paid half of the amount due within the specified time period, refinancing can be a good option. This allows the borrower to obtain a loan from another lender in order to refinance.
The location-based Know Your Customer (KYC) and Anti-Money Laundering(AML) verification processes verify users' identities. They are used when withdrawing cryptocurrencies amounts to a specified amount or more.
Smart-contract-driven contractual escrow systems automate the locking and release of crypto assets by users for instant and third party transactions.
Hot wallet-enabled P2P lending blockchain will enable both buyer and seller to store, send, and receive a range of cryptocurrency according to your transaction in a safe manner.
The loan value ratio is the amount of collateral you have to borrow. LVR calculators can be used to help the lender access your loan application. Both the borrower as well as the lender benefit from this calculator.
The auto-renewal feature reduces the time required to place pending orders into the order book. Instead, the user can toggle between ON and OFF according to their needs.
You can set terms and conditions for the stage and the lending services you offer on the platform to ensure transparency between borrower and lender.
The platform's growth and development is influenced by user feedback. You can provide feedback from your user about loan performance, repayment, and other issues. Lenders will be able to take part in a financing process that offers easy returns and lower risk.
This feature is a must-have in any P2P lending platform. It allows the lender to invest in high yield areas while taking low risks. This feature allows users to securely diversify their portfolio.
Lender management systems are used to source potential borrowers. This system requires the applicant's complete application, including details such as loan amount, tenure, KYC score, and CIBIL score. Based on an individual's ability to lend, lenders will request borrower profiles.
The Document Management system allows both the borrower as well as the lender to quickly access documents, whenever and wherever they are needed. The borrower can upload the profile and documents to the lender. Before entering into any financial commitment, the lender can also access the potential leads document.
Lenders can limit lending by using this feature, which is based on borrowers' documents such as income sources and tax paid. The borrowers can verify their eligibility for the loan amount. It is determined by the criteria in the loan distribution application.
Each registered borrower and lender can have a dashboard on the P2P lending platform. However, the data that both lenders and borrowers carry varies. The lender's dashboard can show information such as the total amount that was transferred to borrowers. You can view the balance of your wallet and complete repayment statistics for any individual as well as the total payment received.
Lenders have the ability to manage leads, create leads and track repayment status. They can also summarize the amount disbursed, the repayment tenure of the borrower, the balance, KYC documents, E Signature, and summarise the amount paid. The lender can make comments or add notes to the lead after a successful deal is closed. This system was created to assist the lender in planning for future investment.
Borrower Management allows the borrower to submit a detailed application, including all required documents and information in order to be eligible to receive loans. This allows the lender to notify the borrower that they are ready to lend funds.
Our data encryption policy safeguards user credentials and all sensitive information in the database.
JSON Web token protected against platform manipulation with RSA encryption
Anti-distributed Denial of Service Protection from Attacks in an attempt to make a machine, network or device unavailable for potential users.
Protect the platform against malicious inputs from the attackers.
This prevents unauthorized access to accounts of users.
Server-Side Request Forgery is an attack in which users create or control requests on vulnerable servers.
This prevents the HTTP request to retrieve and access hidden information in the network.
Registered users can only have one login to the platform. This is to make sure that the user has access to their account securely and to keep an eye on multiple logins.
Anti-denial service protects the platform from large numbers of requests to server from attackers and ensures that the platform is accessible for intended users.
To be able to lend money to a potential borrower, every lender must create a profile.
Personal Information (Full name, Resident Addresses, ID Proof, Contact Details, etc.)
Complete bank account details
Types of Interested Investments & Lending Criteria
A borrower, just like a lender, must create a profile on the Peer-to–Peer lending platform. This profile should include the following details:
Personal Details
Credit Score
Legal documents
Collateral Details
Third-party Guarantor
The borrower can submit loan requests to all lenders within the network. This is possible with the smart contract.
Once the profile is created successfully, the lender can start receiving information about potential borrowers. The lender can review the profile of the borrower and set up a meeting with them.
The platform's matching engine will help you find the right profile and choose the appropriate lender to close the deal. This secures both the borrower and lender, ensuring a mutually beneficial P2P lending experience.
After the lender has selected the profile, he will be able to schedule a meeting or call with the borrower in order to get to know the borrower's purpose and goals for borrowing the amount.
Why would you take out a loan?
Monthly income of the borrower
Credit history
Rate of repayment
A smart contract determines the interest rate on a loan based on the creditworthiness and lending interests of the investor. Based on the repayment rates, the smart contract helps to categorize the borrower into high-risk, moderate-risk, or low-risk borrowers.
The lender can now send the loan directly from his bank account after the process is completed successfully. The borrower will now be responsible for repaying the loan amount and paying the interest rate.
The agreed terms allow the borrower to repay the loan amount in a monthly or quarterly installment via a smart contract embedded into the wallet. The smart contract will deduct the penalty amount if the borrower fails to pay the loan amount. The smart contract will sell the collateral if the borrower fails to repay the loan.
User registration data
Total active users
Total transactions
Escrow account
Balance of all cryptocurrencies
Total loans and interest
Summary of trade
Summary of deposits
Summary of the Borrower's Withdrawal
Lending and Borrowing Orders
KPI Finance
Lending KPI
Fees System
Bid history
Report on Lending
Rating of the credit rating of Borrowers
Transactions pending
Report on non-performing assets
Profit report
It is not easy to develop a Peer-2-Peer lending platform. There are many steps involved, from planning to launch an application on the market. The platform's growth depends on its ability to understand the needs of clients and provide the necessary software solution.
Clarisco Solution employs blockchain professionals with extensive experience to develop your platform. Our team will thoroughly research, evaluate and communicate with you to understand your needs. We ensure that your final product meets all your requirements. Our team will also keep you calm and focused throughout the development process.
Once you let us know your requirement, our technical expert will schedule a call and discuss your idea in detail.All information will be kept confidential.