Vola Loans

Angel / Pre-seed stage Full Build Financial » Lending
Vola Loans is a growth stage company in the micro lending space for college students.


Our target market is the 20 million college students in the United States. They are between the ages of 18-25.


Vola Loans recognizes the lack of financial flexibility in college students. More than half of the 20 million college students in the US don't have or know their credit score and don't feel capable of meeting short term expenses. In addition, due to the credit card act of 2009, it makes it extremely difficult for college students to apply for a credit card. The lack of financial options has resulted in a situation where many of them have resorted to using alternate finance options such as payday stores which charge an average of 450% apr and do not have the convenience of an online platform.


Our borrowing option ranges from $50-$500 at rates between 12%-20% a month. The borrowing terms are tailored to each user based on the information they provide. Our algorithm analyses this information to determine how much a user can borrow and at what interest rate. Vola Loans are over 50% cheaper than traditional lenders in the space and brings the convenience of applying through a phone, security, transparency and ability to build credit.