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Loan Lending Mobile App Development Company

As a premier loan lending mobile app development company, iTechnolabs’ services are unmatched. We have served many eminent financial institutions with our sophisticated and secure loan lending app solutions and offered them exactly what they need. Connect with our dedicated loan app developers today and get started.

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We’ll respond to you within 24 hours!

Advanced Loan Lending Mobile App Development Services

A domain of financial apps that has been doing extraordinarily well is the loan lending mobile app. In the contemporary world, credit services have a huge demand and their easy availability and accessibility is what people are earnestly seeking. Loan lending mobile apps are one of the popular solutions that are innovatively catering to people’s credit needs. 

Therefore, if you are someone who is looking to develop a credit lending mobile app, now must be the time and iTechnolabs should be your first choice. Our loan lending mobile app development company has strong experience and boundless expertise and has digitally revolutionised many renowned credit lending institutions. Connect our developers and get started today. 

Loan Lending App Development iTechnolabs

Groundbreaking Loan Lending Mobile App Development Solutions

As a burgeoning financial arena, credit lending services have a lot to offer in terms of market and revenue. Likewise, in this app-driven world, the dynamic credit lending digital platforms look equally (if not more) promising. Therefore, stop having those second thoughts right now and avail  our well-acclaimed loan lending mobile app development services to get started today. 

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P2P Loan Lending App Development

When it comes to P2P loan lending mobile app development, iTechnolabs is one of the favourites. With profound knowledge and creative mindsets, our loan lending app developers have devised modern solutions for this pioneering loan lending arena called P2P lending.

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Bank Loan App Development

If you are a banking institution looking to digitise your credit lending department, we are here for you. Our bank loan app development services especially cater to the unique needs of banks and deliver them credit app solutions that ameliorate customer experience and automate the follow-up process.

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Credit Union Loan App Development

Our loan lending mobile app development company aptly recognise the emerging significance of credit unions in offering credit services. Our credit union loan app development services keep in mind the peculiarities of the credit unions which devise a credit union loan application for them.

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Robust Architecture

Security is of utmost importance to us especially when we build loan lending mobile applications. Therefore, our developers focus their efforts on building a loan lending app that is secure and scalable. To do so, we endeavour app architecture with in-built security features that keep the data-leaking cyber attacks at bay.

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Affordable Applications

We understand your budgetary limitations. Therefore, we build loan lending mobile applications that are an optimal trade-off between world-class technology and affordable development costs. With iTechnolabs, you never need to loosen your purse strings because we take care of the development costs.

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Custom Loan Lending App Development​

Whether you want to lend credit for short term or long term or for cars or properties, iTechnolabs will design just the perfect digital product for you. Our developers are well-versed with the intricacies of the financial markets and would diligently design mobile lending apps that serve your purpose well.

Build Top-Notch Fintech Mobile App with iTechnolabs

How can loan lending mobile app development services remain untouched by the marvellous technological revolution? And it has not. With the advent of the disruptive technological trends, such as blockchain, artificial intelligence (AI), and machine learning (ML), the financial app development domain has significantly transformed. Take a glimpse how iTechnolabs has harnessed ultra-modern technologies to dynamically digitise the credit market. 

Open Banking

We aspire to offer a sense of ease and comfort to our clients and their customers when we create credit lending applications. Through the apt use of dynamic open banking APIs, we offer an accessibility of your customers’ financial health and credibility with ease and enable you to make sound credit lending decisions.

Blockchain

As we already know, blockchain is an immutable database where data is encrypted and stored. We harness the mystical powers of this technology to connect a borrower with a suitable lender and enable the P2P lending system. Blockchain technology can considerably accelerate the loan processing and lending process for you.

AI & ML

In order to ameliorate the speed of the loan lending system, artificial intelligence (AI) and machine learning (ML) can be advantageously used. Our developers make use of AI/ML to automate the customer support service delivery and accelerate document authentication and loan lending process.

RPA

If you want to enormously expand your customer base and keep your existing customers happy, Robotic Process Automation (RPA) is the key. iTechnolabs makes sure that RPA technology is efficiently leveraged to expedite the tasks of credit checking, loan approval, document authentication, and loan processing.

Striking Features of Loan Lending Mobile Application

We are an elite loan lending mobile app development company and are well-acquainted with what works and what does not in the case of loan lending mobile apps. Our loan app developers have attained vast experience and perfectly blend it with innovation to craft striking features and functionalities for your loan lending application and make it absolutely remarkable. 

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Account Management

iTechnolabs’ developers take care that your loan lending app offers easy accessibility of their own account information and allows them to manage them accordingly.

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Loan Application

In order to offer your clients a rapid loan securing process, we ensure that your loan lending app has an easy-to-fill loan application form.

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Payment Log

We make sure that your loan lending mobile apps render an eagle’s eye view to your clients of all their credit receipt and payment transactions.

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Customised Alerts

Your loan lending application will be incomplete if it does not send personalised push notifications to your clients regarding their loan application and payments.

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Credit Score

iTechnolabs’ developers make sure that your loan lending mobile application provides the lenders with valuable credit score information through open banking APIs.

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Document Authentication

We make sure that we develop loan lending apps that facilitate and follow legally approved document authentication processes to offer its customers a secure experience.

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Loan Repayment

We make credit apps that not just facilitate loan repayment via diverse payment methods and gateways, but also permits rescheduling of the payments.

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Chatbot Services

We make customer-friendly loan lending apps by offering dynamic chatbot services that offer 24/7 resolution of various loan-related complaints of the customers.

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Push Notifications

To offer your customers a safe app experience, we use dynamic technologies to let your app notify them of any suspicious activities happening on their account.

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Multi-factor Authentication

We take care that your loan lending mobile application has a multi-factor authentication so as to offer a multiple layered security to your credit account and related information.

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Encrypted Security

Through the use of various encryption algorithms, we take care that your confidential banking data is encrypted and secure and beyond the bounds of intruders.

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Biometrics

We would suggest you strengthen the security of your loan lending application via the use of fault-proof biometric technological tools for full-fledged data safety.

Loan Lending Mobile App Development Cost Estimation

When you aspire to build a dynamic loan lending mobile application, you simply choose iTechnolabs. Our loan lending mobile app development company has no match when it comes to the experience and knowledge our loan app developers hold in the fintech domain. 

The cost of developing a loan lending mobile app may vary between $45000 to $ 80000, depending upon a range of factors upon which it is significantly dependent. For your reference, we have discussed those factors below. Please take a look – 

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Loan Lending App Category

Now, there are diverse categories of loan lending apps. The app category you have decided to build will determine your app development cost.

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UI/UX Design

The more sophisticated and animated you choose your frontend and backend design to be, the more will be the cost of developing it and vice-versa.

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Features

Obviously, if your loan lending mobile app accommodates a long list of features for better customer experience, you will incur more development cost for it.

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Development Approach

Your development cost will significantly depend upon the choice you make with regard to the app deployment - iOS, android, native or cross-platform app development.

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Tech Stack

If your loan lending app needs more advanced technologies for the purpose of development, then the development cost will obviously rise.

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Third-Party API Integration

If you need to integrate your lending app with diverse third-party APIs for augmented user experience, you will have to raise your budget to bear the development cost.

Achieving the Unachievable

Our work is a glimpse of what we are capable of achieving. Have a look!

Enquire about our services

We’ll respond to you within 24 hours!

Why is loan lending app development a sane choice?

Why would it not be when there are plenty of reasons to back up the fact that loan lending apps actually have a promising market. For your reference, we have lined up all those reasons in elaborate detail. Take a look, get satisfied, and then get started with the development of your loan lending mobile app 

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Popular Niche

Credit lending mobile applications have certainly garnered massive popularity amongst people especially in contemporary times.

 

 



 

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Huge Customer Potential

Believe us when we say that the potential customer base for your loan lending mobile application will be extraordinarily large.

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Promising Market

The prospects of a loan lending mobile application market are beyond bounds which is quite evident with numbers.

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High ROI

The profits you can earn via your well thought-out loan lending mobile application are massively huge, making it a fancy business proposition.

 

 



 

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Highly Futuristic

The credit lending app market is a rushing fintech domain and holds a very bright future in the impending times.


Building the Best

We are not just the leading loan lending mobile app development company. Our range of other development services are equally excellent, making iTechnolabs the best in whatever it does. 



Our Streamlined Loan Lending App Development Process

When executing a loan lending mobile app development, we follow a simplified and efficient loan lending app development process which have been discussed below 

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Analysis

The first step to a successful loan lending mobile app is extensive analysis.

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Design

Our designers will take care that your app design is simple and navigable.

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Development

Our loan lending app developers conduct efficient and agile coding.

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Testing

It is essential to test your app multiple times to ensure its quality.

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Maintenance

Rest assured, we will offer your app regular and consistent maintenance.

What makes iTechnolabs?

iTechnolabs is founded upon very strong principles of its founders. We take extreme care that we keep in mind those strongly laid ethics everytime we build an app.

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Mission

iTechnolabs resolves to transform the fintech industry, among others, by building digitally disruptive app solutions.

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Vision

iTechnolabs envisions encouraging profitable business entities by executing refined loan lending application ideas.

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Goal

We endeavour to make 2023 and the succeeding decade the booming era for innovative fintech mobile applications.

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Success

For iTechnolabs, success arrives when our loan lending apps significantly revolutionise the economy and help our clients prosper.

Leading Loan Lending Mobile App Development Services

With our level of profound experience and vast domain knowledge, you are certainly going to receive a pioneering loan lending mobile app that is definitely going to boom. Our developers have the skills and urge to achieve the same. Hire our developers today!

Enquire about our services

We’ll respond to you within 24 hours!

Answers to Your FAQs About Loan Lending App

Loan lending app development services are high in demand because of the diverse benefits that loan lending mobile apps have to offer – 

  • Fast Loan Processing – 

Through proficient use of technology, you can provide your users a seamless loan application process along with a swift and methodical processing, authentication, and approval of loans. Hence, such apps amplify the user experience to another level. 

  • Easy Accessibility – 

The biggest advantage of loan lending apps is that they are readily accessible to avail easy loans at any time of the day from their smartphones. You do not have to pay visits to the loans or wait in queues. 

  • Full-Proof Security – 

Loans lending apps harness the power of encrypted algorithms to keep the confidentiality of the customers’ banking data intact. No data with regard to financial transactions will be shared. 

  • Loan Types – 

There are an endless number of loan alternatives that these loan lending apps offer to their customers – short-term, long-term, car loan, etc. By efficiently covering every loan type, they expand their potential market.  

  • Systematic Records – 

Loan lending apps offer their customers a dashboard view of all their previous transactions and the future payments. Such records give users an insightful understanding of their financial health along with reminders to make payments. 

The cost to develop a loan lending mobile app lies between $ 50000 to $ 90000. This is just a general estimation of the cost of loan lending mobile app development which can get affected by the number of significant factors mentioned below – 

 

  • App Complexity – 

The more complex the loan lending mobile app can be with its features and API integrations, the more will be the cost of its development. 

  • Number of Features – 

The more the features and their associated complications, the more you have to allocate money for the purpose of development of your loan lending app. 

  • Location and Size of the Development Team – 

You would have to loosen your purse strings a little too much if your app requires a highly cross-functional team located in a region where workforce costs more. 

  • Design Complexity – 

You cannot help but spend more if your app design needs to be sophisticated in order to improve the user experience of your customers. 

  • App Platform – 

Whether you go for native app development or cross-platform app development, your choice will significantly affect the money you would be spending on loan lending app development services. 

For your reference, we have stated below the average hourly rate of development charged in different regions across the world – 

  • Asia – $ 30 
  • USA – $ 150
  • Australia – $ 100
  • Eastern Europe – $ 60
  • Western Europe – $ 130

The loan lending mobile apps work as stated under – 

 

  • First of all, your customers – borrowers and lenders – have to create new accounts on your loan lending apps via phone number or email ID and log in. 

 

  • After successful login, both the borrowers and the lenders have to put the mandatory information for verification purposes. 

 

  • The next step for both the parties would be to add their bank accounts through which they want to conduct transactions on the loan lending app.

 

  • A borrower can now sift through a number of loan options available and send a loan request, citing the reason for the loan, to the concerned lender.

 

  • The lender would go through the loan request and accept it if he/she/they find it justified. Otherwise, he/she/they could reject it. 

 

  • If a loan request gets accepted by the lender, both the parties can move ahead with the sanctioning of the loan and complete the formalities. 

 

  • After the completion of the concerned formalities, the loan amount will get transferred from the account of the lender to that of the borrower. 

The futuristic technological trends in loan lending app development have been stated as under – 

  • Artificial Intelligence – 

With the use of AI technology, loan lending apps have made the application, sanctioning, and approval process faster and automated, exemplifying customer experience. 

 

  • Biometric Authentication – 

In order to safeguard their customers from cyber threats, loan lending mobile apps harness the power of biometric technology and multi-factor authentication. 

  • Blockchain – 

Another efficient technology that endeavours to offer a safer loan lending platform to customers is blockchain. Through blockchain technology, all your transaction data would be stored efficiently. 

  • RegTech – 

RegTech takes extra care that your loan lending app strictly adheres to all the legal norms throughout the existence of the app and protects the customers from any kind of fraud by sending timely alerts. 

  • Voice Payments – 

By enabling voice interfaces on your loan lending application, you can allow your customers to send voice commands to your loan lending app to make payments, enriching their user experience. 

We have listed below the top loan lending mobile app development companies below – 

  • Diceus
  • Radixweb
  • Scalo
  • Willow Tree
  • Hyperlink Infosystem
  • Nimble App Genie
  • Code & Pepper
  • Praxent
  • Geekyants

Before you make a hiring decision with regard to loan app developers, it is essential that you delve deep into the experience, skill set, and portfolio of the above-stated companies.