LendaBit.com System Update to Version 1.14

LendaBit.com is happy to announce new updates and improvements in the system. In particular, below you will find a description of all current changes: Modified and improved user interface. Integration of LoanBuilder (the central loan management panel) makes online lending and borrowing more intuitive, easy-to-navigate…

LOAN WIZARD Explained

Not so long ago, LendaBit.com rolled out an incredibly useful and innovative solution called LOAN WIZARD to apply for a loan in a matter of minutes. To begin with: a. Login to your account. b. Use the toggle switch button “Borrow” in the bottom right-hand corner to…

LendaBit.com Has Been Updated to Version 1.13

LendaBit.com is pleased to report that its dedicated team of IT professionals and website developers have successfully completed all scheduled system updates and the platform’s current version is 1.13. HOORAY! More specifically, platform users can now take advantage of the following system extensions: 1. Meet…

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…