Frequently asked questions
You can find answers to the most common questions about Loanch platform and its services here. If you have any other question please reach our friendly customer support team via [email protected].
What is Loanch?
LOANCH is an investment platform, allowing individuals and corporates to invest into consumer loans issued by licensed Lending companies. Loans available for investment at the Platform are granted to individual borrowers in South and Southeast Asia countries. Lending companies proposing investment into loans at the platform are called Loan Originators. Loan Originators use funds raised through Loanch for expanding their lending activities.
What is P2P?
P2P is just an abbreviation for peer-to-peer marketplace. It's a platform that allows both individuals and businesses to invest in loans that were originally issued by licensed lenders based in Southeast Asia. By doing so, investors can potentially earn an attractive return while helping out borrowers who need financial assistance.
What do we offer?
LOANCH offers the investing in loans opportunity. Loan Originators (lenders) provide alternative financing to individuals and make the issued loans available for investors on our platform. LOANCH is an intermediary connecting Investor, Borrower, and Loan Originator. The Investor has a possibility to enter into the Assignment Agreement and purchase a claim right arising from the Loan Agreement and receive an interest in accordance with the terms and conditions of the Assignment Agreement.
Where are we located?
LOANCH (RiseTech Kft.) is registered in the Republic of Hungary. The operational office is located at Szervita Square 8, 1071 Budapest.
Are there any fees?
LOANCH does not charge any fees from the Investors.
What is the minimum amount required to invest?
The minimum amount required for an investment into any loan is 10 (ten) euros.
How does Loanch choose loans for its platform?
After LOANCH receives an application from the potential Loan Originator, LOANCH carefully checks the financial information (annual reports, financial statements etc.) and other documents submitted by the potential Loan Originator. Only if in our opinion the potential Loan Originator can bring good value to our Investors, we accept the Loan Originator on our platform.
What is the investment process like?
To get started with investing on Loanch, you'll need to first create an account with us. After that, you'll need to verify your identity through our KYC process, and connect a valid bank account.
Once you've completed those initial steps, you'll have two options for investing with us. The first is to manually pick loans from our marketplace based on your own investment parameters. This gives you greater control over where your money is going and how it's being invested.
Alternatively, you can use our auto-invest feature to save time and effort. With this option, our system will allocate your capital in the best deals available, so you don't have to spend time researching and selecting loans yourself. Either way, we're here to help you make the most of your investment with Loanch!
Is it possible to apply for loans on Loanch?
At Loanch, we don't actually issue loans or provide funding ourselves. Instead, we're a platform that allows investors to invest in financial instruments that are backed by loans issued by lending companies from all over the world.
So, if you're looking to apply for a loan, it's best to directly contact a lending company in your area. However, if you're interested in investing your money to potentially earn a return, Loanch is a great option to consider!