Do_Finance?

As announced above, now we are heading towards the buyback mechanism, which is probably unique (or odd ). You can choose between loans with interest rates set at 6, 8 and 12 percent. Where are the differences? This is explained quite quick: Die minimum duration is 1 month for 6% loans, 2 months for 8ers and six for 12 percenters. The maximum duration is capped at 60 months for all loans. All loans are bullet and therefor now cash flow occurs before maturity (but interest is compounded, but I don’t know at which periodicity). There is no secondary market, but an early termination of the loan is possible. Sounds nice, doesn’t it ? Yes, BUT with the early termination you completely relinquish the interest (depending on the loan). The 6% loans can be called with a 14 day waiting period, but you get the complete interest for your holding period. With the 8% loans you can choose if you want your money after 14 days without any interest, or wait 28 days to get the repayment plus all accrued interest. The 12% loans can be terminated within 28 days, but you forgo all accrued interest…. To my knowledge there is any other p2p platform which operates this way.