registerme
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Post by registerme on Oct 11, 2017 14:48:37 GMT
I logged on as soon as I received the email, it had all gone. Crikey......
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littonowl
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Post by littonowl on Oct 11, 2017 14:51:31 GMT
Same here, presumably there was no bid limit on it?
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Post by keyboardworrier on Oct 11, 2017 14:53:23 GMT
Even though I didn't get any it was nice to feel that rush of excitement again! I wish the 'buy now' button would disappear when there's no loan left to invest in, I keep checking it to make sure.
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Nomad
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Post by Nomad on Oct 11, 2017 14:56:38 GMT
I logged on as soon as I received the email, it had all gone. Crikey...... I didn't even get the email...
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star dust
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Post by star dust on Oct 11, 2017 14:57:28 GMT
Same here, none for me, and rather annoyingly I had only logged off their site a few minutes earlier after checking my balance from a larger than usual allocation of a 0.85%'er earlier in the day - so perhaps I shouldn't be too downhearted .
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Post by df on Oct 11, 2017 15:00:43 GMT
I was 5 minutes late, obviously didn't get any of this. Gold loans are the most popular
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treeman
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Post by treeman on Oct 11, 2017 15:04:12 GMT
Same here, none for me, and rather annoyingly I had only logged off their site a few minutes earlier after checking my balance from a larger than usual allocation of a 0.85%'er earlier in the day - so perhaps I shouldn't be too downhearted . I was logged in checking out the allocation I'd received too, the email arrived whilst I was there so I grabbed me a small portion. There was a shade over 6k left. I can confirm there was no bid limit. Didn't last long as others have said.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Oct 11, 2017 15:04:55 GMT
Got lucky with timing on this one. You are correct littonowl no bid limit when I invested. Second of this type of religiously compliant loans I have seen in p2p.
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marka
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Post by marka on Oct 11, 2017 15:35:14 GMT
I didn't get the email either (and still haven't). I understand why this did not auto-lend, but would hope that the "bespoke" loan type could be made to include Shariah compliant loans so that it would in future.
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Post by dan1 on Oct 11, 2017 15:36:07 GMT
Got lucky with timing on this one. You are correct littonowl no bid limit when I invested. Second of this type of religiously compliant loans I have seen in p2p. Second on Unbolted, the first has an end date in 2 days time: unbolted.com/uk/lenders/view-loan/859/(it may have repaid already, I can't be bothered to do the sums to work out the repayments! Oh, and my past investment is negative - I guess it means it has repaid). If you're *really* keen to invest in this one then you could watch the buy loans page in case someone decides to reduce their investment amount.
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elliotn
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Post by elliotn on Oct 11, 2017 16:24:26 GMT
Second of this type of religiously compliant loans I have seen in p2p. Christians used to ban interest too which is why Jewish diaspora got involved in usury (and subsequently banking) as they were allowed to do little else in medieval Europe. I still find many Sharia compliant loans as all but paying interest in another name (ie the standard gold c0.65% rate in this instance) as opposed to genuinely sharing the equity in a property or company investment (or gold price) with up/downside risk as in other Islamic investments. Making money from doing ‘nothing’ was a big no-no in the Abrahamic faiths; what must God/Allah/YHVH think of p2p investors sitting at home giving commandments on their tablets?
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Oct 11, 2017 17:27:53 GMT
Second of this type of religiously compliant loans I have seen in p2p. Christians used to ban interest too which is why Jewish diaspora got involved in usury (and subsequently banking) as they were allowed to do little else in medieval Europe. I still find many Sharia compliant loans as all but paying interest in another name (ie the standard gold c0.65% rate in this instance) as opposed to genuinely sharing the equity in a property or company investment (or gold price) with up/downside risk as in other Islamic investments. Making money from doing ‘nothing’ was a big no-no in the Abrahamic faiths; what must God/Allah/YHVH think of p2p investors sitting at home giving commandments on their tablets? Used a mobile phone not a tablet😊
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registerme
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Post by registerme on Oct 11, 2017 17:28:42 GMT
Second of this type of religiously compliant loans I have seen in p2p. Christians used to ban interest too which is why Jewish diaspora got involved in usury (and subsequently banking) as they were allowed to do little else in medieval Europe. I still find many Sharia compliant loans as all but paying interest in another name (ie the standard gold c0.65% rate in this instance) as opposed to genuinely sharing the equity in a property or company investment (or gold price) with up/downside risk as in other Islamic investments. Making money from doing ‘nothing’ was a big no-no in the Abrahamic faiths; what must God/Allah/YHVH think of p2p investors sitting at home giving commandments on their tablets? Go forth and compound?
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Post by dan1 on Nov 1, 2017 20:44:51 GMT
Auto-lend on another gold loan with upfront fee instead of interest (for religious reasons) of 3.3% to lenders. Equates to approx 5 months at 0.65%. A returning borrower whose expected to pay down gradually within 5 months (expected behavioural life of the loan).
Great example of the flexibility (dare I mention that corporate word - innovation) of the offering by Unbolted to their borrowers.
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stevio
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Post by stevio on Nov 2, 2017 15:10:00 GMT
Is the fee considered interest for tax purposes to the receiver (lender)?
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