Online market for secured people to people lending. Peer to Peer [p2p] interaction facilitates negotiation of all terms of lending including the collaterals offered. It enables members to find competitive interest rates corresponding to the individual risk taking ability

It is a variant of the above. The difference is that my-lending.com brings the lenders [ depositors ] and the borrower. This results in higher return on debts for the lender.

Registered members enter parameterized loan preference(s) either as a lender or as a borrower based on which the site throws up the match /near matched lists. Based on which the members can start negotiation as a lenders/borrower for a given loan preference and work towards finalizing a deal. Once the parties (members) involved accept on all the parameters, my-lending will facilitate the exchange of funds and collaterals between the lender and the borrower and help to complete a loan

Higher return on investment for lender / depositor i.e. that is the yield on investment could go up by minimum 50 percentages.

Lowers the interest cost of the borrower. I.e. the cost of funds for the borrower could go down by minimum 25%

My-lending.com asks the borrower to pledge the collateral in the name of the my-lending.com account lender. At the behest and instruction on the lender, my-lending requires the borrower to pledge in the name of "my-lending.com-A/c lender". The site could act as an escrow agent at the choice of the parties.

My-lending.com does the market to market of the shares. The report sent on a daily basis to the lender and borrower. Margin calls for topping up the collateral is issued to the borrower as per the business rule. In case, if the borrower does not top up the collateral and as the collateral value reaches the event of default, the my-lending.com will liquidate the collateral and return the loan amount with interest to the lender and the remaining monies to the borrower after reducing the charges whatever is applicable.

All communication between the member's browser and the site's server will be on 128 bit encryption. My-lending.com will implement best security practice to protect the data of the members.

User has to input the information in the site. My-lending.com will activate the account after verification.

Member shall use his unique userid and password to log on to the site.

Member has to execute all agreement's documentation once to enroll as member of the site.

Member has to submit proof of bank accounts and depository accounts to my-lending.com for verification and then the account will be activated.

Member has to logon to the my-lending.com with the existing password and choose the option of change of password.

Member has to logon to the my-lending.com and use the member profile to change the email id

Member has to logon to the my-lending.com and use the member profile to change the email.

System will track the time of log on done by the member and the actual transaction finalized by a member for verification in the history of contracts done.

My-lending.com provides an opportunity for the member to update all investment details. My-lending.com will provide mark to market of these portfolio.

My-lending.com allows the member to negotiate all terms of the lending and borrowing contract where it was initially mentioned as negotiable.

Concerned parties can keep on giving counter proposal to a proposal till they agree on all terms of contract.

Member will decide the length of negotiation.

My-lending.com will give a mark to market of all share given by the borrower as collateral to the lender and borrower at the end of every business day

Member has to put in his preference with details of items which are negotiable and not negotiable. My-lending.com will match on the basis of the terms and give the initial list of matching

Option must be available in the system for the borrower to earmark the securities, which he is proposing to offer to the lender as collateral before or during the creation of borrowing transaction. Many lenders would like to see the collateral offered by the borrower before finalizing the transaction. Option must be given in the system for the lender with whom a borrower is negotiating to have access to see the scrips which the borrower is offering and a facility to say whether the scrip is acceptable or not or he can change the margin percentage for example, For example the software industry scrips are volatile so for 100 rupees worth of share, one could give only Rs.30 for a share worth Rs.100.

Yes, my-lending charges must be included the money that is being transferred.

Transaction will be nullified and the amount to return but system shall the facility to charge the penalty for foreclosure.

Since at the end of the day mark to market is send and the borrower is expected to top up as per the business rule.

	Parameter	Value	Negotiable	Range	Value
Loan Amount	INR	500000	yes/no	+/-
Period	Month	36	yes/no	+/-
Rate of Interest	% p.a	7%	yes/no	+/-
Loan Amount	INR	500000	yes/no	+/-
Collateral	%	200%	yes/no	+/-
Collateral amount	INR	1000000	yes/no	+/-
Type of collateral	debt/mf/share/others	debt/shares	yes/no	+/-
Mix of collateral	%	25:75%	yes/no	+/-
First Call for top up	%	175%	yes/no	+/-
Second Call for top up	%	150%	yes/no	+/-
Liquidation	%	125%	yes/no	+/-
Foreclosure			yes/no
Foreclosure penalty				+/-
Validity period	No. of days from txn date			+/-
Fund / collateral availability	No. of days from txn availability			+/-

My-lending.com would act as per the business rules agreed by the lender and the borrower during the finalization of the lending contract. For example, if a borrower pledges Rs.200 worth of shares to get a loan of Rs.100 and as per the business rule the event of default is at share price reaching rs.125, my-lending.com as an escrow agent will not allow the lender to invoke the pledge to appropriate the shares. Even when the share value the event of default rate that is Rs. 125, my-lending.com will sell the shares, realise the money and only give the lender his / her dues as per contract and transfer the remaining money to the borrower.

Benefits of escrow services: Hence as an escrow agent, my-lending.com will allow the events to happen as per contract and not one parties whims and fancies.