The Easiest Way to Loan or Borrow Money
Mixing money and relationships can be awkward. Make it easy with automatic reminders, payment tracking, and legal docs. Be smart. Loan money like never before.
Create a Free Account Today
How It Works
Drop Lending in 5 Steps
Step 1
Create Your Loan
Set the loan length, amount, interest rate, payment terms, and your role (lender or borrower).
Step 2
Invite Participants
Easily add borrowers or lenders to your loan agreement.
Step 3
Fund & Agree
Once the loan is funded and terms are agreed upon, it’s ready to go.
Step 4
Loan Goes Live
Funds are distributed, and the loan officially begins.
Step 5
Automated Management
Our software takes care of the rest:
- Notifies borrowers when payments are due.
- Alerts lenders when payments are made.
- Sends out 1099s for tax purposes.
- Allows lenders to update deposit details.
- Supports automatic payment deductions from borrowers.