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What are the must have features of lending mobile app?



User app features-

Registration:

New users can register by entering personal information and completing the registration process.

Simple browsing:

A straightforward browsing technique helps lenders to go through all loan applications and select the best borrower to whom they can give their money.

Borrower profile:

Additionally, to creating a new loan application, it is possible to edit the borrower profile information, including the borrower's name and location.

Advanced search:

The lender can use a certain amount, keyword, and lender to look for loan investment proposals (LIP).

Loan proposal list:

A leader can review the list and look at many elements, including the loan's objective, the amount to be borrowed, and the loan period.

Safe & secure:

The lender receives enough information on the borrower to make a risk assessment about the loan.

Apply for a loan:

Users can apply for an instant loan and select the loan amount they desire. GST and the processing charge must be paid in EMIs in order to finalise the fund transfer.

Calculation tool:

The application's built-in feature allows the user to compute and view the EMI and interest amount that will be paid.

Transactions:

It will show the full history of the borrowed funds, together with the withdrawal amount and the credit deadline.

Messages:

The chatbox allows lenders and borrowers to communicate about the loan application process as well as their individual needs.

Application management:

The borrower can compare numerous loan applications online and follow their development in real time.

Period setting:

The customer can select a repayment time and pay the EMI according to their schedule, as well as track interest on the app.

Admin panel features:

Dashboards:

You'll be able to monitor anything happening in your app using the dashboards. All app performance statistics, including total amount landed, total app users, partners, and total revenues, may be filtered by data and date period.

Profile approval:

Users' profiles and data can be checked and verified by the administrator.

Repayment:

It allows the user to repay the system by granting permission to return the funds.

Reporting and analytics:

The real-time report is a crucial component of the kind of applications that aids in monitoring, evaluating, and collecting essential and actionable data that can help to enhance the performance of apps.

Managing user:

Users can be managed by an administrator. They have the ability to add, update, delete, and block user accounts.

Security:

It is an important part of the system that draws in a lot of users' app activity and personal information. The system must be integrated with validated devices and app security must be ensured.

Manage earning:

The admin can efficiently view and complete the users' profits, income, and any pending amounts if they have any.

Cloud storage integration:

It is beneficial for the system to collect user data that is secure and private.

CMS integration:

The app's content, which includes changeable terms and conditions, rules, and photos in addition to text, is controlled by a CMS integration.

Online support:

The ability for users to request assistance from the system at any time is its most crucial feature and a huge benefit to customers.

Bank partner management:

The system is maintained by the bank partners, allowing for communication and management of the banks from this location.

Conclusion:

To sum up, establishing a lending mobile app necessitates the hiring of professional mobile app developers, designers, and project managers, as well as a significant amount of time.

Stellar Digital is the place to go if you're looking for a reputablemobile app development company in Gurgaon. We have a professional team of developers, designers, and marketers ready to help you with your project. To reach out to our team, simply go to stellardigital.in.

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