Wanthu

About Wanthu

About this App

Wanthu App is a loan brokerage App for money lenders and money borrowers whose private loan agreement's are guaranteed by collateral managed in the Wanthu App application system. Wanthu App is an application that allows users to borrow or lend money from each other easily.Thus Wanthu App safely connects money lenders to money borrowers and manages lending collaterals and risks associated with borrowing on behalf of money lenders.

Key Features

Lenders makes offers

When users want to lend money to others . They post offers on the platform citing amount loan duration and loan interest . The lenders then wait for applications from borrowers.

Borrowers Make requests

Borrowers create a request for a loan posting on the platform. The request are then responded to by Lenders .

Collateral management

The platform offers collateral management system that guarantees a loan offer by making sure the borrower has presented satisfactory asset to guarantee the loan.

Customer care service

The platform offers 24 hour Customer support on whatsapp chat and inbuilt application Customer system.

Trust and Security

The Wanthu App offers inbuilt security to safeguard the user data. Data between lender and borrower are not shared .

Download your Wanthu App on Google play store and start posting loan request and loan offers .

Lenders provide a mandatory minimum amount of Mk 20.000.

Lenders provide a maximum amount of Mk 10,000,000 with a minimum repayment period of three months to six months.

Borrowers adopt a maximum percentage rate of 12 percent

Example of calculation

MK 100.000 Principal
MK 15.000 Interest
6 months duration
3% platform fees