We reward lenders with great interest rates tailored to their investment horizon. The longer the investment period, the higher the interest rate. Funds begin earning interest straight away from the date of your investment, even when funds are not allocated for lending.
|Investment Product||Interest Rate
||Access Period *|
|Monthly Product||2.25% - 2.75%||N/A||Monthly||30 Days|
|3-Months Product||2.50% - 3.00%||3.45%||Monthly||3 Months|
|6-Months Product||2.75% - 3.75%||4.15%||Monthly||6 Months|
|9-Months Product||3.25% - 4.25%||5.05%||Monthly||9 Months|
|12-Months Product||4.25% - 5.00%||6.65%||Monthly||12 Months|
* Our lenders are able to request access to their funds before the end of the lending term. A 5% fee applies to each request.
|Origination Fee||0.50% to 2.50%||A one–off fee to cover our costs of evaluating and originating your loan. The fee is based on the strength of your credit profile and is deducted from your total loan proceeds, which means you do not pay this fee if you do not receive a loan.|
|Prepayment Fee||None||Unlike other lenders, we don't charge you anything if you repay your entire loan early.|
|Late Payment Fee||5% of missed payment||If your monthly payment is late, you will be charged a fee on the missed payment. This fee is added to your original monthly payment, withdrawn from your account and passed directly onto investors.|
|Non–Sufficient Funds Fee||$35||If you don't have sufficient funds in your account to make a monthly payment, you will be charged a small fee to cover costs we incur on the failed transaction.|
For more information please call us at +1 518 893 1901.