How are loans funded?

Your financing request will be put on our platform for crowdfunding

Written by Borrower's Assistant (Jason)
Updated over a week ago

Upon your submission of the required documents and site visit by credit (for all types of financing except FS Bolt), our proprietary credit model will propose a set of terms relating to Quantum, Tenor and Interest Rate in an Offer Letter. Once the Offer Letter is accepted by you, Funding Societies will put the financing request up for crowdfunding on our platform. 

Our investors will receive a notification on the upcoming financing opportunity through our App, and they will choose to invest various amounts until the required quantum of the financing request is reached. 

Funding Societies will then disburse the crowdfunded sum (less the service fee) to you on the next working day.  

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