Authors

Problem: Many people have consumer loans with high interest rates (15%+ per annum) and if they lose their job because of the corona crisis, they're in trouble.

Solution: To alleviate the pain we would build a product where they can refinance their existing loan with a cheaper one (ideally something like 0-1% per annum, but 5% would already be of enormous impact on people).

How: People enter their details and submit their loan agreement, their outstanding loan balance and bank account info where to do the repayment. We would then check their details and if all is good, repay their existing loan, and start collecting the monthly interest & principal payments ourselves.

Hackathons

Technologies

bootstrap, kotlin, lhv, react, redux, seb, springboot, swedbank, typescript, x-road

Devpost Software Identifier

259422