Interest on late repayment loan

MrHappyGoLucky Posts: 44 Likes: 21	Interest on late repayment loan Sept 19, 2017 15:13:17 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by MrHappyGoLucky on Sept 19, 2017 15:13:17 GMT Does anyone know how is the interest calculation for late repayment loans? I have 2 loans that are currently overdue for repayment but still not fall under 'Out of term / in breach' loan status yet.
	Last Edit: Sept 19, 2017 15:20:45 GMT by MrHappyGoLucky: Changed to correct loan status as explained here https://www.lendinvest.com/invest/how-it-works/#loan_statuses_explained

archie Posts: 1,838 Likes: 1,842	Interest on late repayment loan Sept 20, 2017 7:32:01 GMT Quote Select Post Deselect Post Link to Post Back to Top Post by archie on Sept 20, 2017 7:32:01 GMT Loans listed prior to February 2017 won't get a status. Not entirely sure how the interest payments work for late loans. I guess it depends on whether the borrower is still paying.
	P2P is risky, expect losses. It may take several years to exit a platform.

MrHappyGoLucky Posts: 44 Likes: 21	Interest on late repayment loan Sept 20, 2017 20:08:55 GMT via mobile Quote Select Post Deselect Post Link to Post Back to Top Post by MrHappyGoLucky on Sept 20, 2017 20:08:55 GMT Described here that investors can expect interest continue to be paid. But it's still not very clear that this is always the case for all loans. blog.lendinvest.com/2017/05/know-loans-happens-loan-goes-term/