Veehco – A Vehicle Loan Management Platform

Veehco is a web application to bridge a gap that exists in financial market. It provides a platform for borrowers and lenders to come together and create a reliable financial Hub. It ensures lenders’ capital is safely invested and is in sync with their Requirements. It facilitates lenders to part their money with reliable and creditworthy borrowers with agreed terms and conditions. It also facilitates lenders to check integrity of borrowers and passes on only those loan applications which are genuine and intact. The system is designed in such a way that it becomes hassle-free to request and process loan applications. Advanced dashboard in the system adds to the convenience of lenders and borrowers and makes it easier to interact with the system.

Key Features:

Registered Lenders:

• Check loan request
• Send offers to lend against loan request
• Accept and make final agreement
• Transfer funds on the go
• Receive monthly installments

Registered Borrowers:

• Request for loan
• Approve offers made by lenders
• Receive loan payments
• Pay monthly installments

Administrator:

• Verify credentials of lenders and borrowers
• Verify loan proposals of lenders and borrowers
• Receive loan payment from lender and transfer it to borrower
• Receive installment from borrower and transfer it to lender
• Dispute resolution
• Keeping financial statements and accounts
• Loan closure

Domain:

• Financial Services