AQUSH.JP is a peer-to-peer lending platform in Japan, that connects people with extra money with people who want to borrow money. Returns available to lenders are much greater than other yen denominated fixed income investments, while the interest rates for borrowers are lower than from conventional moneylenders.
AQUSH matches lender funds with qualified borrowers using the following market mechanism:
-- Lenders set their desired investment amount and interest rates from 4% to 15% for 5 classes of borrower credit risk, as denoted by an AQUSH Credit Grade: AA, A, B, C & D.
-- Applicants are screened based on their credit histories, financial situation and FICO scores and qualified applicants are assigned an AQUSH Credit Grade. Each qualified applicant is offered a loan at the best possible interest rate based on a blend of the available lender funds at the time the offer is made.
AQUSH handles all legal documents, funds, credit and identity checks. Lenders are charged a fee of 0.125% of principle for each monthly repayment processed. Borrowers pay an upfront origination fee of 3% of the loan amount.
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