Cost and Features to Develop Money Lending Mobile App

1. Cost and Features to Develop Money Lending Mobile App Cost and Features to Develop Money Lending Mobile App The money lending app are the type of banking app where app user can borrow money through the app, uses can update their documents and get an instant load. Essential features of money lending app 1. User Registration There must be a registration form to sign up the user with a basic details, and a user id and password must be provided 2. An load calculator There must be a calculator which must get input from the user such as loan amount, loan repayment duration and gives the users with Monthly repayment amount, total repayment amount and processing fees. 3. Loan application form In the application form user have to enter the loan amount, repayment period, upload documents etc. 4. Approval status and notification Once the user has applied they must get an e-mail regarding the loan statement and its approval status. Once the loan is approved user must get a notification on app as well as in mail. The user must be intimated with a notification before due date. 5. Payment gateway There must be a payment gate way to pay dues, and there must be a timeline to view the history of payment. 6. Live chat supports There must be a live shat support to guide the customers query. Estimated cost for developing an money lending app 1. Cost for hiring a app developer The cost for app development involves the major part of the budget of app development, hiring an best app development company may reduce the cost and time of development.

2. 2. Cost for legal issues As the money lending involves many legal issues it is must to hire a skilled lawyer for pertaining the investments 3. Cost for financial statements As money lending involves many services which flows sequence from processing to colleting of it, it must be a good practices to hire a financial experts and get partner with major banks. 4. Cost for integration As money lending app must be integrated with a payment gateways etc. Conclusion The money lending app are being picked up in an massive demand and due to third party involvement customer look for money lending app to reduces the time and cost.