Some of the advantages for the borrowers are:

    Access to financial resources
    Targeted interest rate
    No hidden fees or commissions
    Online access to the platform

Conversely, LoanBit works to protect investors by covering up to 75% of the monies offered to a borrower via a safety fund.

LoanBit will make a profit by charging a commission of between 2-4% on each loan made through the platform.