Borrow money from friends

With the „borrow money“ feature user can borrow money among each other and pay it back again.

Borrow money with Lendstar – That’s how it works

1. Click in the activity screen on the „+“ and then on the top left symbol „borrow money among friends“. You can create a “borrow group” now.

2. You can upload a picture (cover picture) and add a comment to your created group. In any case you have to name your group and define an expiring date (by when you would need the money). Afterwards you enter the amount you want to borrow.

3. In the next step you select friends from your address book which you want to borrow money off. By clicking on “done” your group will be created and all invitations will be sent out to the invited people.

Borrow money: Any questions left?

No, you always can look into all of your groups no matter when you created them. This makes Lendstar by the way more customer friendly than German banks which don’t show your history from a certain point on!

With this group it’s ensured that only people who know and trust each other can borrow and lend money among each other. These groups also ease the reciprocity. Today you lend money and just tomorrow you borrow it to your friend again. In this way these groups represent an own little community.
No that’s unfortunately not possible. You can send them a preview of your “borrow group” though. Therefore click in your group on “details” and “share”. On top your friends receive a link to directly download the app.
Per request you can maximum borrow 9.999 Euro. If or how much you will get lent is not in our hands.
As soon as someone borrowed you money and you confirmed this a “pay back” button will appear in your activity feed. As soon as you click it you can pay your friend back. Of course you can also pay him back earlier.

Lending money among friends

When there is a „borrow money“ feature there also has to be a “lend money” feature. You will be invited by a friend to a group to lend him money …

How can I lend money?

Therefore click in the activity screen on the “borrow-group”. Now you can click on the money symbol on your right and enter the amount you want to lend to your friend.

Lending money: any questions left?

If you are already registered at Lendstar sign into your account and click on „notifications“. You will see the invitation to the group there and can accept or decline it.
If you aren’t registered at Lendstar jet please follow the link in the SMS. You can then download the Lendstar-app directly.
At any time you can decide yourself how much money you want to lend. Of course you can lend the total amount.
The person who borrowed the money of you can pay you back at any time. There is a statutory duty to pay the borrowed money back to you! If necessary we will remind your friend of this duty via SMS and/or email.
If the money hasn’t been payed back for four weeks please contact us. Therefore send us an email to info@lendstar.io. You have a legal claim to the money and are entitled to take legal actions against this member. If needed Lendstar will provide you the complete documentation of the lending process.