Post
Topic
Board Tokens (Altcoins)
Re: [ANN][ICO] FintruX - 💲 MAKING UNSECURE LOANS HIGHLY SECURE ✅ 💲
by
FintruX
on 13/11/2017, 20:47:59 UTC
This seems a interesting project, what is your experience in this sector? I can see reading the whitepaper that the team is enough qualified to make the project successful




Our experience has been serving the securitization sector for the last 20 years in Canada - this is when we identified a need in the industry for FintruX - and our funders agree too. This fills a very specific niche that the global financing market is missing.

What personal information do I need to provide and what are the requirements I should meet to get a loan?

Hi there! From the way I understand the concept this will depend on a few factors... eg. the terms of the lender, the amount and terms of the loan package, the legal requirements of your locale, and your credit rating at the time of applying for a loan.

As far as personal information, remember that KYC (Know Your Customer), Credit Checks, as well as Identity Verification will all be part of the process. So you will be required to provide personal information similar to what you would for any other loan application.

The difference with the FintruX ecosystem is that you will have lenders competing to instantly match your loan request with an offer, and because of the low fees on the platform, you will get a very low interest rate on your loan compared with traditional financing providers.
It looks like a good option to get a loan. Furthermore, the matching with lenders seems to be very fast.
Is there a minimum or maximum for the loan?

In our current model, there would a min of ~$3000 US, and max of $300,000 US, spanning over 3-24 months. This is strategically aimed towards SMEs and startups that require cashflow in their first few months/years of business.