If you are new to the borrowing and lending business, the usual concept being used is payday loans. These are small, unsecured, short-term loans, regardless of whether repayment of loans gets linked to a borrower's payday.
This type of loans rely on the borrower's having previous records on employments or other kind of payments. To make a better usage of an instalment loan pingtree is a tool that used the fact lenders and borrowers alike tend to prefer sometimes instalment loans vis a vis payday loans.
This preference is raised as the instalment loan pingtree tool gives clients the change of still borrowing small amounts of money but instead of repaying on the next payment due data, the borrowers can delay those payments up to 12 months,
This Instalment Pingtree is built for lenders who want to offer loans longer than one month and therefore anyone who is looking to target customers who are not totally sure if they can or want to repay in 1 month. This in turn raises interest rates on the loans making them more profitable for the lender, but it also benefits the borrower as he doesn't have any pressure to repay them quickly.
For Affiliate Marketers, this is one tool that can be promoted to a new market segment, allowing for more commissions as the product type is totally different from what is being offered online from other companies. Besides that, there is an API, iFrame tools and sms/e-mail marketing tools for affiliates to promote this loan.
For further details about pingtree API please visit the website www.leadtreeglobal.com
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