It's pretty simple. You agree with someone from your area how much you'll borrow and make arrangements about the height of the interest rate and the repayment plan. Lenders and borrowers can orient themselves on the website of ABN AMRO. When they've reached an agreement on the payment conditions, ABN AMRO offers them sample contracts for making the agreement. The site also offers fiscal and judicial tips and a calculator.
The bank doesn't charge a commission for this service, but aims at binding customers to itself and offers additional paid services. The Judicial Service Plan offers direct connection with professionals, specialized in judicial aid.
Future Vision by Erwin Van Lun on this article
This way the bank transforms itself into a financial coaching brand: a brand that facilitates financial transactions between private people. In a closed model this was only possible by accepting and then lending large amounts of money. In an open model, small transactions can take place. Soon we’ll find these transactions between our savings accounts (or our loans). Even if we lend money to people elsewhere in the world (call it microcredit). This is how the network economy is formed and existing brands transform into open network brands.