Financial Services - Mumbai, Maharashtra, India
MutualLoans is person-to-person lending platform where individuals known to each other come together to lend and borrow money without the need for going through banks or other financial intermediaries – lenders get a better rate of return and borrowers get loans at a lower rate. While the financial benefit of a loan transaction between friends & family members is very evident, the process of reaching out, discussing & setting up a loan is awkward, cumbersome and often open to miscommunication. MutualLoans bridges this gap by providing a platform to ensure that all communication, documentation and the repayment is simple and clear. Thus expanding access to easy and affordable finance on one hand and protecting & strengthening relationships on the other.
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