The smart way to Borrow Money

Mixing money and relationships can be awkward, but with LoanFriends, you can easily keep track of all the money you lend or borrow, eliminating hassles and discomfort.

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Benefits

Your good should not hurt you - We agree

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Set Reminders

Never miss repayments! Hold your debtors accountable for the money you lend to them by setting reminders for repayments.

Adjust Loan Requests

Give out loans on your terms when you adjust the amount, tenor, interest rate etc.

Automated Repayment Debits

Increase your chances of getting your money back with our Swift automated debits.

Earn extra Income on each Loan

Make extra income on every loan you give your Friends by adding Interest.

Loan up to 50 friends at a go

Give out group loans to multiple borrowers at once

Create a personalised loan link

Your friend does not need to be on Sycamore to accept your loan offer. Generate a loan link and share with them securely.

Forfeit Loan

As a lender, you can choose to waive the remaining balance of a loan, effectively forgiving the debt.

Solutions for easy
borrowing and
lending with friends

For Lenders

Help out your loved ones financially without soiling the relationship. Give loans with increased confidence that you’ll get your money back.

LoanFriends helps you keep your borrowers accountable. What’s more? You have the flexibility to enforce the account your money is received into.

Loan a Friend

For Borrowers

LoanFriends removes the awkwardness of asking your friends or family for loans. Borrowing from friends and family can be a great option for financial assistance. However, it's important to manage these loans responsibly.

Get all the tools you need to turn a painful experience into a delightful one.

Receive the loan directly in your bank account or your Sycamore wallet.

Borrow Money

How it works

How to Loan a Friend in 6 Easy Steps

Powerful, self-serve product and growth analytics to help you convert, engage, and retain more users. Trusted by over 4,000 startups.

01

Go to LoanFriends and click on Give Loan

02

Select if you’d like to Loan a friend or a group of friends

03

Enter the terms of the loan like the amount, duration, repayment frequency, account number

04

Generate a loan link to share with your friend or search for them with their tag or phone number

05

Choose your preferred repayment method to help you get your money back

06

Fund the loan from your Sycamore wallet or saved bank card

Borrow and Lend to Friends with Ease