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What flexibility do I have in setting up loan pricing?
What flexibility do I have in setting up loan pricing?
Updated over 8 months ago

Pricing for loan products can be configured to respond dynamically to borrower profile data. Common examples include setting maximum/minimum thresholds of change for data points such as:

  • Credit score

  • Time in business

  • Average daily balance

  • Average monthly revenue

  • Term

  • Payment frequency

  • Rate/factor

A common example might be that a lender varies the APR and approved loan amount as a percentage of revenue depending on credit score. So a borrower with 725 credit might be approved for 12% of revenue at an 11% APR; while a borrower with 675 credit might be approved for 10% of revenue at a 13% APR.

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