An unsecured loan is a loan that is not protected or secured by any asset. In this case the lender is taking a lot more risk and would likely charge a higher interest rate. The riskier the loan, the more expensive it will be. We make borrowing and lending a no-brainer for both borrowers and investors.
FintruX Network is one of the world’s first blockchain based online marketplace and automated administration platform connecting borrowers, lenders, and specialized servicing agents, enabling them to configure and construct each borrower contract real-time.
Our technology supports this innovative marketplace and administration model to efficiently connect and process the global supply and demand of capital.
Our platform also removes the need for physical infrastructure and brings out convenience and total automation, increasing efficiency, reducing manual processes and improving the overall borrowing and lending experience.
The lender will deposit funds and choose a credit decision package provided by one of the rated agencies; which include recommended fraud, identoty and credit scoring agencies. Borrowers filter criteria based on available funding parameters and are instantly matched to appropriate lenders. Borrowers can be represented affiliate marketing agency partner. After due diligence, funding is provided and subsequently lenders receive the invested principal and interest upon payments made by the borrowers. Participants will contribute to our platform and for each action as it is being performed on the network.
Attention. There is a risk that unverified members are not actually members of the team
SummaryWhen it comes to lending, you want to have a network that you can trust as default transactions can damage your credit reputation. With FintruX you don’t have to worry as its blockchain network assists you making the most secure loans possible.Positives Peer to Peer Loans: Due to its peer to peer loan network, borrowers can use FTX tokens and receive lower interest rates. Default Protection: FintruX has a 4 layer system which is used to protect lenders from experiencing losses. Simple Process: You don’t have to go through banks to conduct loans. FintruX allows you to log in its network and use FTX tokens which are faster than gaining a loan from a bank. Negatives Limited Accessibility: Major countries such as the US is unable to participate in FintruX’s coin sale.
Is this company a good investment for you? If you plan to use their service, yes. This definitely can be a great company for you to invest in. The company looks very solid and there are no red flags to be seen on their site. Everything looks legit and the company has a very solid plan that will probably carve its place in the lending market. Because of this, you can invest in Fintrux without having to worry. This company can definitely be a nice investment for you. If you want to invest, go for it, there is nothing that should be in your way unless your country prohibits you from investing in this company.
With the introduction of a marketplace lending and an automated administration platform, this FintruX not only provides a solution for the borrowers, but also relieves the lenders from the heavy losses that they have to be bear when a borrower defaults. On the other hand, this blockchain-based platform is also anticipated to work wonders for the small-scale borrowers who are unable to get a loan due to their bad credit score. FintruX is set to completely disrupt the way financing is being secured, by making lending and borrowing a no-brainer for both investors and borrowers. Although this looks to be an ambitious project, if it is implemented as planned and designed, it will certainly give you a good return on your investment. It could also prove to be lucrative market for the prospective investors who are looking forward to invest in it because it is a new concept with new objectives and innovations that could potentially revolutionize the financing sector.
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