
Exilend alternatives
Exilend is a lending platform that brings lenders and borrowers together and helps to generate and track loans and provides extensive reports and payment reminders. It is a recently launched social lending network that connects people who need money and people who have money and allows them to get a loan. Users can choose their lenders and borrowers and jointly determine the terms of the loan. The core of the platform is managing your transactions. It provides an easy-to-use interface for adding existing friends as well as inviting new users to the platform.
The application supports a wide range of loans and covers almost anything one would ever need for a P2P lending service. Users can create balloon loans and amortized loans with different types of compounding, loan terms, repayment schedule, etc. This gives you a quick preview of payments during loan creation so you know exactly how much is paid at what time even before loan creation. Pool loans is another profound feature of the platform that enables a group of lenders to share the profit from the loan interest according to their contribution ratio.
In addition to the above, it allows you to choose whether to allow prepayment of the loan or not. From the action items available for loans and payments, you can easily mark them as closed, default, prepaid, etc. All it takes for any action on a loan is to get confirmation from both parties. Since the platform works on the basis of mutual trust, everything is done on the agreement of both parties. The platform is free to use. There is no commission charged on transactions made by users on the platform, and there is no connection fee.















