For many people, loans are not feasible and they dont see themselves ever qualifying for a loan.
Maybe due to a very bad credit score or in worst case scenerios they may have a criminal record which will make it hard to access this much needed loans.
Platforms like LendingOwl offer users instant crypto loans without the need for a trusted thirdparty through the use of eth smart contracts and artificial intelligence.
LendingOwl does not require users to have a high credit score or complete any KYC verification to use its platform.
LendingOwl is Telegram's first crypto p2p defi loan bot software where users can access crypto or fiat currency loans within minutes wihout the need for KYC. The platform offers anonymity and respects the privacy of it's users.
Benefits Of Choosing LendingOwl for Small Business Loans
1. Easy Access Loans: LendingOwl offers quick loans on a rainy day. We've all had5 moments when we were in dire need of cold hard cash but no way to get it. LendingOwl allows you to get loans within seconds after creating an account. No long loan registeration times.
2. Cryptocurrency: LendingOwl lets users access loans in both fiat and cryptocurrency. This loans range from as low as $1000 to as high as $250,000.
3. Transparency: LendingOwl uses eth smart contracts which means that no one person not even the developers can access your account or collateral.
4. Insurance: All funds on the platform are 100% insured by BitGo which means in the off chance that something happens, your funds are insured and will be recovered without losses.
5. Speed: With the help of AI and eth smart-contracts, LendingOwl loans are processed instantly with 30% of the loan amount as collateral.
Conclusion
The LendingOwl platform has been in existance for a few years but has already garnered the support of thousands of users and organizations who use their services daily. They have successfully made borrowing easy and less stressful.