Write a loan request so that lenders bid
This article sets out how to write a Loan Request so that Lenders Bid to be part of your Loan giving you speedy satisfaction to your Borrowing Requirement!
You will find detailed information on posting loan requests in the Main Menu item Help Centre > Detailed Instructions and in the Guidelines section, however, here is a summary of the key points to follow:-
Only those with a Borrower membership can post a loan request; first register and log in, then go on to your Profile and click the tab "Memberships". Select and purchase a Borrower membership.
Note that to post a loan request is FREE! you only pay the loan fee when the loan is disbursed to you.
Accurate and clear descriptions/information will help you receive the best quality bids from lenders and ensure that there are no problems and misunderstandings later. Answer any questions accurately and give full information.
Make the Loan Request Title easily identifiable and meaningful to the lender audience, but unique.
Set the Loan Request listing Duration - how long you want the loan request to last and be open for lender bids.
Realistically set the Target Interest Rate. Remember that the higher you set this rate the more it will be attractive to lenders.
In the description box summarise clearly and concisely your loan requirement and financial situation so it cannot be misunderstood by the lenders.
This process of posting loan requests is very easy and only takes minutes. Post a loan request and start sorting out your finances now!