Suretly is a first crowdvouching platform, which allows borrowers to find guarantors in order to obtain a shor-term loan.
Daily we and our partners receive many applications for assistance to obtain short-term loans.
We find a group of guarantors for each application, who will repay the loan in case of borrower's default. Your task is to issue a loan and to notify us of its return.
In case of a defaulted loan the guarantors are required to repay the entire loan amount including interest within three working days.
You don't even need to worry about debt collection, because all mutual settlements with guarantors take place on Suretly side.
Increase the volume of issuance by 30%
You won't have defaults on loans
You will reduce the burden on the debt collection department
You will increase the quantity of approved applications - at least by 30%
you will increase ARPU by 30%
Data obtained from pilot projects with Russian short-term lenders
Sign the contract with Suretly and our partners (with payment provider and credit history service)
Open a settlement account in a partner bank. It will be used to issue/repay loans, and replenish it.
Start issuing risk-free loans at the rate of 120% per annum
€10/monthly per work
0.5% of each
€40/monthly per work
0.2% of each
€265/monthly per work
0.5% of each
In all options, the default risk is 0%. Guarantors are obligated to repay the entire loan amount, including the interest
Your profit will increase, even if you opt to lower the interest rate several times..
Researches have confirmed interest in this area. Accordingly, at the end of 2016, one well-known financial service explored the interest of its users to the project. It turned out that one out of two wants to earn on short-term loans!
Maximum lending rate:
0.33% per day / 120 % per annum
Maximum lending term:
Loan application: €200
Cost of guaranty: €20/monthly
The borrower will receive : €180
The cost of guarantor service depends on borrowers' credit score — so the more reliable the borrower is, he less they have to pay for guarantor service.
For the most reliable borrowers, the cost of guarantor service will not exceed 5% of the loan amount per month. Also, the borrowers may invite their friends to become guarantors — then the service will be free!