Volo - Lend & Borrow

Volo helps U.S. users create, manage, and track structured lending agreements with friends, family, and people they know.

Borrowers can create projects, define clear terms, invite lenders, and manage repayment schedules in one place. Lenders can review opportunities from people they know, understand the terms before participating, and track their lending activity through the app.

Volo is built to make personal lending clearer, more organized, and more accountable.

Features include:

Create borrowing projects
Invite trusted lenders
Define repayment terms
Review loan agreements
Track lending and borrowing activity
Connect bank accounts securely through supported financial technology providers
Manage scheduled repayments

Loan disclosures for U.S. users:

Minimum repayment period: 3 months
Maximum repayment period: 24 months
Maximum user-set lender interest rate: 15% annually
Maximum APR: 35.0% for U.S. users. APR is calculated consistently with the U.S. Truth in Lending Act (TILA) and includes the lender-set interest rate, applicable Volo fees, and all other mandatory borrower costs. Volo enforces this limit so no loan configuration can exceed 35.0% APR.

Volo does not support loans requiring repayment in full in 60 days or less.

Volo service fees:

Volo is free for lenders.
Borrower project fees may apply depending on the selected plan:
Basic: $9.95 per project plus 1.5% of loan value
Standard: $29.95 per project plus 2.0% of loan value
Pro: $129.95 per year for a project plus 2.5% of loan value

Representative example:
For a $1,000 loan repaid over 6 months at a 10% annual interest rate using the Basic plan, the borrower would pay a Volo project fee of $9.95 plus 1.5% of the loan value, equal to $15.00, for total Volo fees of $24.95.

Estimated monthly principal and interest payments would be approximately $171.56. Total principal and interest paid would be approximately $1,029.37. Including Volo fees, the total estimated amount paid would be approximately $1,054.32.

Actual loan terms are agreed between users and must comply with applicable laws. Volo Technologies Inc. does not act as a bank, lender, broker, investment adviser, credit bureau, or financial institution. Volo does not make lending decisions, provide loans, guarantee repayment, or determine whether any user should borrow or lend.

Lending involves risk, including possible loss of capital. Users should only enter agreements whose terms they understand and accept.

Privacy Policy:
https://voloapp.ca/privacy-policy/

For support, visit our Help Center or contact [email protected].