8 REASONS TO JOIN THE LENDO NETWORK
First mover advantage
Despite the size of the market, the UK lending industry has been slow to adopt blockchain technology and has yet to recognise crypto currency as an asset that can be used as loan collateral.
A speedy loan process
Lendo speeds up the conventional lending process by using optional ‘end-to-end’ smart contracts from the point of loan application all the way through to closing the loan book or executing repossession remedies in the case of default by the borrower.
FCA regulated lenders
It is important that both borrowers and lenders recognise that this new form of lending is secure, transparent and credible, which is why the Lendo network will only consist of FCA approved loan companies.
Lendo will support you
Lendo will supply training in the blockchain technology software for making loans and our expertise will add multiple value to your business.
Loan decisions are easier
You’ll be able to make loan decisions faster because you’ll be basing them on a quickly realisable asset value rather than conventional credit scoring.
Lenders make additional profits
Lenders will make profits on the upside when the crypto assets held as collateral rise in value during the term of the loan.
Lenders are protected from defaults
In conventional lending repossessing assets in the case of a default on the loan can be a time consuming and expensive legal process. With crypto assets as collateral, lenders can quickly repossess the monies owed through the automated smart contract system. No more lengthy legal process!
Increase your market share
Lendo gives you global reach, because the crypto collateral is held in the secure Lendo Vault, meaning that the borrower’s country of residence no longer matters. You can lend with confidence to any country and know that you have full control.
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The €6,000 is split between €1,000 in cash and €5,000 in #ELT.
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