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BorrowFlex - Peer-to-Peer Lending Platform for Short-term Loans - For Borrowers

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For Borrowers

Your trustworthiness and credibity are valued by your friends, making it more likely for them to help you out.  It's faster, requires less paperwork, and may be less costly than other options.  BorrowFlex gives you the tools to put together a borrow request that makes it easier for your friends to decide. 

Borrow from who you want to borrow:

  • Your needs may vary depending on the situation.  For example, you may need help to pay for rent, or you may need help to pay for your school tuition.  You may know some friends who are more willing to help you when you need to pay for rent.  You may know some other friends who are more willing to help you when it's about school tuition.  Borrowflex enables you to determine a selected group of people that can help you out.

Borrow the amount that you need:

  • You determine the amount that you want to borrow for your purpose.  

You decide how often to make a payment:

  • Pick a payment plan that you are most comfortable with.  You can repay the loan as a one-time lump-sum payment.  Or, you can decide to make one payment a month, or two payments a month. Your payment schedule is automatically calculated based on the the selected payment frequency.

You decide the payment due date

  • Your short-term loans can be as short as one week or can be as long as 90 days.  You decide how much time you need to complete repaying the entire loan.  Your selected due date will be used to automatically calculate the payment schedule.

You decide when to make the first payment

  • You can specify when you will be able to make the first repayment.  Subsequent repayment dates will be automatically calculated based on your payment frequency and the due date.

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