Afluenta stands out as an innovative peer-to-peer lending platform that connects individuals seeking personal and business loans directly with investors. Applicants can secure up to ARS $5,000,000, repayable in up to 48 fixed monthly instalments. Estimated annual yields for investors can reach as high as 197.6% depending on credit profile and tenure, offering a unique marketplace alternative to traditional banking channels. Eligibility requirements include being an Argentinian resident, with sufficient income and clean credit history for the last two years. For small businesses, tailored terms are available based on company status and size.

Step-by-Step Guide to Apply

First, register online with your personal details and supporting documents anytime, as the platform operates 24/7.

Next, submit a credit request and indicate the amount and repayment period you desire.

Accepted applications go live on the platform for investors to fund, usually within days.

Once fully funded (100%), the agreed amount is transferred directly to your bank account.

Finally, you begin repaying in fixed monthly instalments, which Afluenta manages and distributes to the investors.

Pros

A major standout is the user-friendly, 100% online experience, enabling quick applications and immediate responses without lengthy in-branch visits. The fixed-rate structure provides predictability for all users.

As an open marketplace, terms are more competitive compared to many banks, while investor returns are enticing due to the diversified risk profiles and flexible participation options.

Cons

One potential downside is eligibility: strict income and credit background checks mean some applicants may not qualify.

Additionally, as a peer-to-peer platform, Afluenta does not guarantee deposits with governmental protection schemes, and investors may bear higher default risks than traditional savings.

Verdict

Afluenta offers a refreshing approach to personal finance, particularly for those who value accessibility and competitive conditions. It’s an attractive option for both borrowers seeking flexible loan terms and investors pursuing higher yields, provided that applicants meet the platform’s prudent eligibility criteria.