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FAQ

ABOUT CREDI (6)

Credi.com is a world-first relationship-lending platform that empowers ‘The Bank of Mum and Dad’. It is an efficient, cost-effective means of formalising loan agreements between family members, friends and businesses. It reduces the stress, heartache and potential for court action.

Category: ABOUT CREDI

Credi is a web-based app specially designed to allow you to create, manage and automate your personal lending with friends, family members and business acquaintances. Credi does not lend money, it is simply the software that helps you manage and formalise your lending and borrowing with another party. Credi is designed and commercialised by Credi Pty Ltd Australia (Credi).

At Credi, we have a clear and simple fee structure. All loans on the Credi platform under $2000 AUD are free of charge. For loans over $2000 AUD, Credi charges a one-off fee of $88 AUD including GST.

No, Credi Pty Ltd is not a money lending company. At Credi, we only provide you with the Credi platform to facilitate the management of your loan information, formalise it, track repayments and record updates.

Credi does not count towards your credit score, but that may change in the future, so treat a loan through Credi as you would any other loan.

Credi is not a lending marketplace and does not connect users to lenders. Credi is simply a platform that a lender and borrower use to facilitate their loan, making the process easier to manage and formalised all in one place.

Credi allows you to build your loan, varying terms such as loan amount, term, interest rate, repayments using the loan builder functionality until they are right for you. Then you personalise the loan request and send it to one or more people, accept, negotiate or reject offers and once two parties agree, a loan agreement is e-signed. Communications and alerts will advise of forthcoming repayments on the due date and the repayment will be recorded or amended and the loan record updated.

The Borrower and Lender deal directly with each other, setting up the loan parameters, negotiating and agreeing on the document.

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