In today’s environment where investments seldom generate expected returns and most of our savings placed with institutions like banks go into paying service charges to them, Lenbor offers a unique opportunity to lend money directly to verified borrowers and earn extra income on idle money.
The Lenbor model provides better rates of interest than the traditional model because it removes the intermediaries and connects the lenders directly to the end users – the borrowers. Traditionally, banks and other financial institutions collect money (through savings accounts or deposits like fixed or recurring) at low interest rates (say 6-10%) and lend it to borrowers at much higher rates (18-36%). This margin goes into paying for the high costs they incur like thousands of employees to pay salaries to and hundreds of swanky branches to maintain and so on. Lenbor brings borrowers and lenders directly in touch with each other, removes intermediary cost and enables borrowers to access faster and cheaper credit and enable lenders to make greater returns on funds lying idle in bank deposits.
It is a simple win-win situation, so go ahead SIGN UP and start lending because every penny counts!
If you have any queries, CONTACT US. We would be happy to speak to you.