🔏Problems

Current Problems with Lending Platforms:

• Lack of flexibility: Traditional lending platforms often have strict requirements that borrowers must meet, which can make it difficult for some people to qualify for a loan.

• No secondary market: Traditional lending platforms do not have a secondary market, which means that borrowers cannot sell their loans to other investors. This can make it difficult for borrowers to get out of a loan if they need to.

• High interest rates: Traditional lending High-interestatforms charge high interest rates, which can make it difficult for borrowers to afford the loans they need.

These are just some of the issues with traditional lending platforms. Debita is a decentralized finance (DeFi) lending platform that aims to address these issues. Debita offers lower interest rates, more flexibility, and a secondary market for loans. This makes Debita a more attractive option for borrowers and lenders alike.

Here are some additional issues with traditional lending platforms:

• Lack of transparency: Traditional lending platforms are often opaque, which makes it difficult for borrowers to understand the terms of their loans.

• Risk of fraud: Traditional lending platforms are susceptible to fraud, which can put borrowers at risk of losing their money.

• Lack of control: Borrowers have little control over the terms of their loans on traditional lending platforms.

Debita addresses these issues by providing a transparent, secure, and user-controlled lending platform. We use blockchain technology to ensure that all transactions are transparent and secure, also gives borrowers more control over the terms of their loans.