Reply

Something awry?

« Prev
1
Next »

ladywhitenap
Member of DD Central

Posts: 1,055
Likes: 738

Something awry? Nov 15, 2014 13:49:50 GMT

Quote

Post by ladywhitenap on Nov 15, 2014 13:49:50 GMT

In the current market place page for a certain vehicle hire/leasing business, the loan is shown as 100% filled but the total offered is nearly 10% greater that the amount requested.
How can this be? Should not the highest interest rate bids over and above the amount requested have been deleted as "outbid"?

Thanks

LW

danraj Representative of rebuildingsociety.com Posts: 216 Likes: 99	Something awry? Nov 17, 2014 0:50:26 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by danraj on Nov 17, 2014 0:50:26 GMT You can still bid to lend on a loan that is 100% funded, it will simply outbid other lenders. So the total offered can exceed the funding requirement, the borrower will choose to borrow the funding requirement from the lenders offering the lowest rate.
	---- Formed in 2012, we help lenders and SMEs get a better deal by cutting out the banks.

« Prev
1
Next »