Tailored solutions for your unique business needs.

Expert guidance to optimize your software strategies.

Extend your team with top-notch external resources.

Transforming ideas into market-ready software products.

Scalable and flexible cloud-based software solutions.

Building cutting-edge Software-as-a-Service applications.

Providing end-to-end solutions for your digital needs.

Web apps that offer seamless experiences across devices.

Innovative web solutions for enterprises.

Tailored web apps for your needs.

Engaging websites for consumer success.

Empowering businesses with effective websites.

Expert AI consulting for innovative solutions.

Customized machine learning solutions for your projects.

Strategic machine learning consulting for business growth.

Actionable insights through expert data analytics.

Crafting exceptional apps for iOS.

Innovative apps for Android platform.

One codebase, multiple platform reach.

Efficient apps with hybrid technology.

Optimized apps for native performance.

Ensuring app performance and longevity.

Transforming Ideas into Powerful Mobile Experiences

At Hashlogics, we specialize in mobile app development, creating intuitive, engaging, and high-performance mobile applications for iOS and Android platforms. Our dedicated team of mobile app developers, designers, and testers work closely with you to turn your vision into a reality. Whether you need a native app, cross-platform app, or a hybrid app,

Creating dynamic web apps with Bubble.io

Creating elegant websites with Webflow

Creating collaborative apps with Airtable

Creating hybrid apps with Flutterflow

Retool is the fastest way to build internal software

Visualizing ideas through interactive design frameworks.

Revitalizing websites with modern design approaches.

Elevating mobile apps with enhanced design.

Optimizing experiences across devices with responsiveness.

Crafting intuitive experiences for mobile users.

Crafting intuitive experiences for mobile users.

Crafting Engaging and User-Centric Digital Experiences

At Hashlogics, we specialize in UI/UX development, creating visually stunning and user-friendly digital experiences that captivate and engage your target audience.

Driving sales growth with powerful CRM.

Streamlining operations with Microsoft Dynamics CRM.

Empowering businesses with comprehensive CRM solutions.

Efficient customer management with Zoho CRM.

Streamlining Your Customer Relationships for Business Success

At Hashlogics, we offer comprehensive CRM (Customer Relationship Management) services to empower businesses with efficient and effective customer management solutions. Our CRM services are designed to help you better understand, engage, and nurture your customer relationships, resulting in improved customer satisfaction, increased sales, and enhanced business performance. Whether you need CRM software customization, implementation, or ongoing support, we have the expertise to meet your specific CRM needs.

Expert PHP developers for robust solutions.

Skilled Python developers for versatile applications.

Experienced Java developers for scalable solutions.

Node.js experts for high-performance applications.

.NET specialists for reliable software development.

Ruby on Rails experts for efficient web development.

Proficient React Native developers for cross-platform apps.

MERN stack experts for full-stack development.

Skilled Android developers for mobile apps.

Building Your Dream Team

At Hashlogics, we understand the importance of having a skilled and dedicated development team to bring your projects to life.

Healthcare through innovative technology solutions.

Enabling learning with advanced digital solutions.

Driving efficiency in energy and utilities.

Empowering real estate with digital innovations.

Creating immersive experiences through innovative media.

Serving rich experiences, one plate at a time.

Creating unforgettable moments, wherever your journey takes you.

Raising talent, fostering growth, shaping successful futures.

Guiding you through the complexities of law with expertise and ethics.

Empowering financial dreams with secure and contemporary banking solutions.

Transforming learning for a brighter tomorrow.

Connecting the world, spanning distances with seamless communication.

Our industry service solutions are designed to empower businesses, organizations

At Hashlogics, we offer industry-specific services tailored to meet the unique needs and challenges of various sectors. Our industry service solutions are designed to empower businesses, organizations, and individuals within specific industries to leverage technology and digital innovation to drive growth, streamline operations, and deliver exceptional experiences.

Hashlogics offers comprehensive QA outsourcing services, taking charge of the entire quality assurance process

Hashlogics' QA consultants drive QA process excellence and efficiency.

Hashlogics excels in website performance testing, encompassing critical aspects like capacity planning

Our Usability Testing Services guarantee the reliability, and steadfast stability of your product.

We offers test IO's usability testing service, providing invaluable insights into your software's user perspective.

Hashlogics' Test Automation Services empower your business with precision and efficiency.

Hashlogics Is A Recognized Software Testing Services Company

Our Functional Testing services meticulously validate that every aspect of your software application aligns seamlessly with its behavioral requirement specifications. This rigorous verification ensures not only behavioral adherence but also elevates overall software quality.

Why‌ Peer to Peer Lending Software Gaining Popularity?

August 16, 2022


Why‌ Peer to Peer Lending Software Gaining Popularity?

Businesses are more inclined toward P2P with the increase in its popularity. The exposure to P2P resulted in the growing trend of borrowing and lending. It brought lenders and borrowers on the same page. Individuals lend or borrow funds seamlessly, with no long procedures compared to the traditional loan process. The peer-to-peer model contains many features over traditional lending with better return rates.

In this blog, let’s explore the reasons for the growing popularity of P2P over traditional banking and why lenders should consider P2P solutions in credit lending and borrowing?

Why the need for Blockchain In P2P Lending?

The P2P lending industry is flourishing with massive potential. However, there are a few factors, pulling back P2P lending, such as intermediaries and inefficient infrastructure. Take a look at what blockchain can bring to P2P lending.

● Cutting Down the Fees

Currently, P2P is operational with the help of intermediaries, which causes a higher cost in P2P lending. Blockchain can cut down the high fees problem by automating the transactions and eliminating the intermediaries from the space.

● Faster Lending Process

P2P lending involves a lot of paperwork to perform the lending processes. Resultantly, ‌getting a loan became tiresome and time taking. Therefore, blockchain helps P2P with smart contracts that cut the role of paperwork. Thus, the loans can be processed abruptly.

● Better Rates

In the P2P lending market, the interest rate is fixed. In P2P lending backed by blockchain, demand and supply cause fluctuation in the interest rate. Therefore, the lender can benefit from very low-interest rates as the demand rises.

● Transparency

One of the core features of blockchain is transparency, which ensures transparent interest rates in P2P lending platforms. Additionally, the complete lending process becomes fraud-free because of the costs and time involved. Therefore, marketplace participants can use different strategies to maximize profits by trusting the platform.

● Decide the Domain

It focuses on registering your site. Make its name unique, recognizable, and iconic. You need to buy the domain of the website. Both the domain name and the company name should be something that stands out instantly. Also, check if a domain is open or not on a variety of sites that are easily accessible on the web.

● Flexibility

Because of the direct connection between the lender and borrowers, blockchain-backed P2P offers flexibility in certain areas, such as deciding the interest rates, repayment duration, and repayment frequency. Moreover, a smart contract, instead of the involvement of a middleman, executes all these settlements. Therefore, fraud or late repayments are almost impossible.

Reasons for the Popularity of P2P lending

● Higher Returns

For investors, peer-to-peer lending offers significantly higher returns than traditional savings accounts and fixed deposits. According to reports, lenders investing in alternative lending platforms have been earning gross returns from 18 to 26% per annum.

● Lower Interest Rates

With personal and consumer loans, banks charge high-interest rates to consumers. Sometimes, the interest rates can reach up to 20% of the loan amount. Contrariwise, p2p crypto lending software development.

● Feasibility

Getting a loan through a P2P lending platform is workable. It can cut short the lending time and is free from the cumbersome loan origination processes of conventional banks. The result is that people can get loans within a few days without going through many legal formalities.

● Adaptiveness

Governmental authorities do not regulate P2P. Therefore, getting loans or investing funds on the p2p lending platform is comparatively easier than using conventional banks. Moreover, P2P facilitates investors to withdraw their money at any time. All this is possible on a safe and secure platform, free from government interventions.

● Investment Choice

Like mutual funds, P2P lending platforms allow users to keep track of how much and where their money will invest. Lenders are only interested in investing in the loans that they find suitable and profitable.

● Customized Products

P2P lending deals in customized products that cater to various loan quarries, such as occupations, gender, demographics, etc. Whether you need a personal loan to cover your education expenses or to meet the working capital shortage in your business, peer-to-peer lending may be the answer.

● Higher Ability to Take Risks

If you are one of those borrowers who are willing to take high risks, the chances of you getting credit from traditional financial institutions are negligible. P2P lending, however, is a more risk-averse solution, driven by young entrepreneurs and lenders with a larger appetite for risk.

● Convenient and Fast Loans

P2P lending platform follows a seamless, fast, and online process that ensures the fast processing of loans. P2P lending’s online contactless operations were also able to provide credit to those in need during the pandemic lockdown when bank visits were not possible.

● No Credit Check

A poor credit score can leave a lender in trouble for getting a loan from a bank. Moreover, if the user has no credit history, banks will not grant them a loan. Therefore, with a P2P lending platform, anyone can get credit from this platform.

Bottom Line

The Peer to Peer Lending Software is furnished with far better features than the traditional sector. For example, it assists in secure access to credit.

Hashlogics is a p2p crypto lending software development agency with a proven record of P2P solutions. If you are looking for white label peer to peer lending software, we can help you out in developing an efficient p2p platform.

Author Bio

Copy Writer at Hashlogics

Follow Us On :

Want to work with us?

Related Blogs

What Is Cloud Application? A Comprehensive Overview

Cloud applications are software solutions deployed in the cloud instead of on local machines or servers. These applications

Custom LMS Development Services Explained

While Learning Management Systems (LMS) have been prevalent in the education sector for many years, the pandemic has

IoT and Big Data: Exploring Their Interconnected Relationship

It is estimated that there will be 17 billion IoT-connected devices worldwide in 2030. This statistic shows the