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Co-Founder & CEO @Itexus | 200+ Successful Fintech projects

Building a loan app is easy if: 01/ You have a strategy 02/ You have the right team And if picking the right team is challenging, a good strategy will ensure half the success. Here is the strategy we developed for our client for the creation of a mobile loan app. Let's break it down: - Define your market, loan types, and key app features. - Conduct a requirement analysis next. This helps understand your audience’s needs. - Design your app’s UI/UX to be user-friendly and attractive. - Develop algorithms for processing loans and assessing risk. - Test and ensure both functionality and security are top-notch. Deploy your app to stores once testing is complete. Provide ongoing support to resolve user issues quickly. > Expect costs between $50,000 and $250,000 (features and complexity impact the price) > You'll need at least 5 developers for a basic app. (more complex apps require larger teams) > Choose between native apps (iOS/Android) or hybrid apps (native apps offer better performance, hybrids are more cost-effective) Include loan calculators, comparisons, online applications, document uploads, e-signatures, tracking, and payment processing. Are you interested in developing a loan lending app? Check the comments and see our latest successful case.

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