What is SoLo Funds?
SoLo Funds is a financial service platform designed to provide a community-based lending and borrowing experience. The platform allows members to support each other financially, promoting financial autonomy and independence.
Features of SoLo Funds
Lend
- Lend to other SoLo members to make an impact or earn a return
- SoLo lender protection ensures that you're protected in case of defaults
- Learn more about lending on SoLo
Borrow
- Borrow from other SoLo members on your own terms
- Set the terms of your loan and offer a tip to show appreciation
- No rollover fees, no compound interest, and no debt traps
- Learn more about borrowing on SoLo
Bank
- Get more as you grow with SoLo
- SoLo Wallet makes it easier to lend and borrow on the platform
- Improved data and transaction control for lenders
- Leverage account services to improve your SoLo score and increase funding chances
- Coming soon: debit card with global ATM network and no fees, life insurance, and credit score building
Fees of SoLo Funds
- No hidden fees or charges
- Optional tips for borrowers to show appreciation
- No rollover fees or compound interest
Credit Check of SoLo Funds
- No credit checks required for borrowing on SoLo
- Build your SoLo score by participating in the community and improving your financial health
Subscription of SoLo Funds
- No subscription fees for basic services
- Optional subscription for premium features and services
Helpful Tips of SoLo Funds
- Use SoLo to avoid high-interest loans and debt traps
- Build your SoLo score to increase funding chances
- Participate in the community to support others and improve your financial health