More consumers are turning to private lenders for personal loans simply because they are underserved by traditional banks and financial institutions for a variety of reasons. But, the private lending industry is currently a non-transparent market where legal lenders and illegal loansharks are almost indistinguishable. LoanGarage aims to democratize this market by making it transparent and safe for the consumer.
For borrowers, LoanGarage simplifies the borrowing process, making it safer, easier and quicker to obtain loans. LoanGarage only lists reputable lenders ensuring trust and reliability. When a borrower makes an application at LoanGarage, we match him or her with the best loan options available in the market with transparent interest rates listed by lenders. The choice ultimately lies with the borrower.
For lenders, this means a whole new world of available customers. We are here to provide lenders with the stamp of approval that they need to be trusted and be seen as credible. We are also here to inform borrowers of flexible loan plans and comparable interest rates.
Our service is currently available on the web and, in due course, will be available on mobile as an app, thus borrowers can make their application wherever there is Internet connectivity. Our ultimate goal is to make the borrowing process as simple, safe and efficient as possible for both the borrower and the lender. We are focused on rolling out this service in the developing countries of the world where access to financial products is crucial for development.
“LoanGarage is here to serve not only those with bank accounts but also those without. 58% of Indonesians are still unbanked but they have access to internet via mobile. Our platform has been developed to grant access of liquidity to the underserved. It is crucial for consumers in the emerging markets to have access to financial products.”
– Aidil Zulkifli, Founder of LoanGarage.com
Plutus Software was recently invited to demo a six-minute demonstration of LoanGarage.com on the DEMO Fall 2012 stage on Tuesday, October 2ndin the Silicon Valley, Santa Clara, CA in front of renowned panel of technology experts and entrepreneurs.
“Today’s consumer technologies are built for many purposes – to improve health, manage knowledge, increase productivity, and to simply have fun – and with the uses of these technologies continuing to grow, the innovation behind them is staggering,”
“DEMO Fall 2012 is bringing these game-changing technologies to the launch stage and showcasing what our future holds.”
ABOUT PLUTUS SOFTWARE PTE LTD
Founded in 2012 with one radical yet simple idea - to harness the power of web and mobile to democratize the personal finance space for mass consumers. We recognize the staying power of the web and mobile platforms as a feature in any individual’s life. We are committed to creating apps and platforms that aim to make the everyday finance-related chores of your life easier – be it borrowing money, getting a better exchange for currencies or managing a virtual wallet.
LoanGarage - http://www.loangarage.com
Produced by the IDG Enterprise events group, the worldwide DEMO conferences focus on emerging technologies and new products innovations, which are hand selected from across the spectrum of the technology marketplace. The DEMO conferences have earned their reputation for consistently identifying cutting-edge technologies and helping entrepreneurs secure venture funding and established critical business.