When an Investor creates an account on our platform, they are prompted to deposit funds, which are subsequently reflected in their balance. Investors have complete control over their money at any given time – they can use it to place bids on different loan applications, or withdraw any available sum.
After making an account, the Investor can see all available loan applications submitted through the borrower’s portal.
The Investor can browse and choose the loan application they wish to bid for. There are no limitations regarding the Investor’s choice, except that the bid can’t exceed their account’s balance.
When Growth Credit approves the loan and ensures that enough funds are available, the platform reduces the Investor’s balance for the sum they bid. Since all the money is wired through the platform, there’s no need to make any direct payments.
The Borrower repays the loan, along with specified interest rates and fees. The Investor and Growth Credit split the interest.
Investors can choose whether they want to withdraw the money earned, or use it for further bidding.
