Lending on uLoan.Club

Lending on uLoan.Club is simple.

There are two types of loans.
Some loans need to achieve full funding in order to proceed while others can proceed regardless of how much investors commit to invest.
When LIPs require 100% funding to proceed, it is usually because the loan is purchasing an asset that will secure the loan - for example a real estate acquisition.
If the loan funds are not being used to purchase an asset that will secure the loan, then the loan can proceed if investor commitment falls short of the funding target. For example a business loan secured by existing real estate.

Steps to Invest

100% Funding Required for Settlement

No Funding Target Required for Settlement

Create an account

Create an account

Browse the Loan Investment Proposals (LIPs) that are on offer.

Browse the Loan Investment Proposals (LIPs) that are on offer.

Send questions to the Borrower

Send questions to the Borrower

Select a LIP to invest in and enter the amount you wish to invest

Select a LIP to invest in and enter the amount you wish to invest

uLoan.Club will notify you if and when it reaches 100% and provide instructions for settlement.

 

If the LIP does not reach 100% it expires and your commitment to invest also expires.

 

The loan will settle, exchanging a legally binding loan agreement for the funds

The loan will settle, exchanging a legally binding loan agreement for the funds

 

To see a step-by-step process of how to start a borrowing, uLoan.Club – Process Flow Chart

Lending Criteria

  1. We lend for any commercial purpose
  2. We can provide up to 80% of the property valuation
  3. We require security over property or fixed assets
  4. We can provide loan terms from 6 – 72 months
  5. We lend against all residential or commercial property subject to an independent valuation
  6. We can provide interest only loans