P2P Loan Calculator at LendaBit.com

All platform members are welcome to use P2P Loan Calculator, a handy instrument for automated calculations, which gives concise visuals to help determine all necessary variables. Most importantly, the instrument was designed for informative purposes, to get a glimpse at how the borrowing algorithm is executed, thus…

Importance of Secured Loan Collateral

To start with, let us explain in layman’s terms what “collateral” is. Fundamentally, collateral is an asset(s) or valued item(s) that a borrower pledges as security for loan repayment to a lender. Here, collateral serves as a lender’s protection against a borrower’s unexpected default. The biggest advantage of…

Loan-To-Value Ratio And How It Is Calculated

In an effort to improve the financial position and social status, people oftentimes use the services of traditional financial institutions, particularly lending, to buy a car, house, expensive jewelry or to pay for funeral services etc. Accordingly, the banks determine your creditworthiness by using credit scoring to lower…

LendaBit.com Has Been Updated To Version 1.12

Greetings to the constantly growing LendaBit community! Online P2P lending platform LendaBit is pleased to report on the latest updates and 1.12 release! These are the main and most important maintenance updates: 1) To make lending/borrowing more understandable and easy-to-use to all platform members, the…