Payment
Payloan

Payloan Business Model & Fee

5min

Business Model



The makes it easier for borrower to apply for a loan from lender by using borrower's identity. The lending on is more transparent and faster than {} credit at . Both individual or borrowers can apply for a loan to as needed.



Fee to Use Payloan Service



Customer's Side

Customers aren't charged when registering for . Customers will get limit according to 's assessment/approval and start to charge after using to make payments. The funds are in form of interest expenses that must be paid when paid off loan. Besides, Customers may be fined if they are late paying off loan.

Merchant's Side

Merchants will be charged MDR Payloan (%) + Fix Rate (publish rate).

 visit Product & Service Fee for further .



See also

 Payloan Transaction Settlement to find out various ways to complete transactions.

 Payloan Rule and Limitation to find out specific provision of .

 Payloan Glossary to find out particular term used on .

 Payloan FAQ if you want to find out frequently asked questions related to .