Interest

Interest on loans is a method of increasing funds by utilizing existing finances. 

The Lender provides the Borrower with the required funds at an agreed-upon interest, taking the risk that these funds might not be returned on time, or not at all.

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The interest rate is determined by the risk level which in turn, is based on such parameters as the borrower's credit rating and debt history as well as age, income level validated assets, etc.

The current paradigm creates a reality in which high-interest rates are dispensed to borrowers with a high-risk profile, rendering it difficult for them to repay both the loan and the interest.

 

While we acknowledge that interest is important to generate the market’s economic growth, it is currently arduous for many to repay their loans while maintaining a solid economic status. To solve this fundamental need, we submit an innovative platform that would offer an alternative for examining and analyzing a borrower’s risk profile. We do this by incorporating human metrics (human index parameters) into the interest rating calculation, as opposed to relying solely on financial criteria.

 

As a community-oriented entity, our platform will monitor and limit interest rate levels, thus creating a process that is both more social and personal.