rzys
Member of DD Central
Posts: 56
Likes: 44
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Post by rzys on Apr 5, 2018 19:13:59 GMT
Hi, potential proplend user here.
How long roughly does it take for all loan parts to be taken up when a new loan launches?
I'm not interested in any more platforms where I have to set a reminder and hope for a good broadband speed..
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Post by proplend on Apr 6, 2018 7:57:42 GMT
Hi, potential proplend user here. How long roughly does it take for all loan parts to be taken up when a new loan launches? I'm not interested in any more platforms where I have to set a reminder and hope for a good broadband speed.. Hi Rzys Our loans do tend to get funded within 24-36 hours with an initial cap in place limiting how much individuals can invest during the first 24 hours (enabling more Lenders to participate). A stable broadband connection is always recommended but with the cap in place you shouldn't need to login on the 'B of the Bang' unless you're looking to invest in a particularly small Tranche B or C. We notify all active lenders and 'New Loan Updates' email Opt Ins, in advance with the date and time each new loan will go 'In Funding' and we've got four or five loans funding in April. I'll leave you to draw your own conclusions whether we're the right platform for you. Thanks, Richard
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rzys
Member of DD Central
Posts: 56
Likes: 44
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Post by rzys on Apr 6, 2018 14:43:49 GMT
Thanks Richard.
Is the notification in advance in sufficient time to get funds moved in?
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Post by proplend on Apr 6, 2018 15:33:08 GMT
Thanks Richard. Is the notification in advance in sufficient time to get funds moved in? We give as much notice as possible but this is often only the working day prior to going 'Live' - basically we get the loan in funding promptly after due dilligence and legals are completed. Loans are normally made available from mid to late morning, sometimes midday so that any funds we've received overnight will have been credited and are available to invest. It also provides a window to initiate a transfer of funds on the day. Thanks. Richard
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