Zirtue App – Android & iOS

The loans can be awkward for both the borrower and lender when it comes time for repayment. The lender may have awkward felling to ask the money while the borrower may fel bad not to able to repay in time.  Inthis time the zirtue app can come in handy.

zirtue apps
ZIRTUE APP

Zirtue is a mobile app that aims to formalize loans between friends and family in a lightweight streamlined manner.  The thought is that this will make both parties feel more comfortable with the personal loan.You may be familiar with peer-to-peer marketplaces such as Lending Club and Funding Hero

These marketplaces match a borrower with a creditor. The creditor is typically a bank or an anonymous individual on the platform who is looking to make money off of the interest payments.   Zirtue differs in that you can only match with people you know who are in your phone’s contact list, and the creditor makes little to no money off of the transaction. Note that Zirtue does not secure the loan so there is still an element of the honor system in these transactions; they aren’t going to go after the borrower for non-payment so there is still an element of the honor system / maintaining good relationships in the system.

After downloading Zirtue from the Apple or Android store, the borrower and lender agree to the loan amount  and repayment terms in the app.  Repayments can be set up as a one-time lump payment or a recurring set of installment payments over a period of weeks/months with optional steps to include pictures of the bills to be paid with the loan. 

The borrower and lender also connect their bank accounts directly to the app. Once these steps are completed, Zirtue facilitates the transfer of funds between bank accounts, and then it automatically initiates repayment based on the agreed terms.

 

Zirtue is free for lenders.  Borrowers are required to signup for a subscription plan that gives them an unlimited number of loans and the ability to cancel at any time.  The app has own subscription plan according to the time it is going tobe used.

Why zirtue?

The zirtue is a legal app that can be used worldwide. The zirtue connects the bank to the app, and the setups are easy and identity will be verified instantly.The loan setup/completion process is  straightforward.  Each screen contains different options for setup with easy to understand options.Everything is automatic after the loan setup the user do not have to worry about the social awkwardness of asking for repayment of the loan.

The zirtue app will connect the lender and borrower together. The lender as well as borrower do not have to open their mouth for give or take of the money. Their will be no any dispute as the app and the bank will be your proof of givoing and taking of money. So you need not to worry about your money. The process is totally legal as your bank is also a part of the deal. So using Zirtue app is totally secured and easy.You do not need to travel long distance for money recovery or hire someone for the work. Sit in your room relax and the app will do the job for you. If you really feel awkard to ask or lend money directly then the Zirtue is the best app for you out there in the market.