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