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Post by Ace on Apr 22, 2021 8:21:54 GMT
I have now maxed out my 20k allowance for easy access, keeping a close eye on the portfolio updates and growth but so far I am pretty confident in the long term future of the platform, enough that Loanpad is now my largest P2P investment to date. Does anybody have any XP when you get paid your bonus for the 1% bonus on 10k reward? Is this exactly on the date you invested your lump sum or does it come within 30 days of that date ect? Thanks! I am planning on doing this, but presumably the balance then goes over £20k when the daily interest is added. What settings do I need to use, as at present when the standard account gets to £10, it gets moved to premium The interest paid from Standard and Premium both go to the account specified in your Preferences->Auto-Lend settings, so, if you leave your's as they are, it will still be auto invested in your Premium account whenever the total cash balance is above £10. I don't have £20k in standard, so can't be sure, but I would presume that it wouldn't be possible to auto-invest interest in Standard one the balance reached £20k.
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alibaba
Member of DD Central
Posts: 341 
Likes: 245
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Post by alibaba on Apr 22, 2021 9:19:57 GMT
I have 20k in Standard and interest goes to Premium by selecting via prefereces.
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Post by Harland Kearney on Apr 22, 2021 17:26:00 GMT
I have now maxed out my 20k allowance for easy access, keeping a close eye on the portfolio updates and growth but so far I am pretty confident in the long term future of the platform, enough that Loanpad is now my largest P2P investment to date. Does anybody have any XP when you get paid your bonus for the 1% bonus on 10k reward? Is this exactly on the date you invested your lump sum or does it come within 30 days of that date ect? Thanks! The bonus for being referred was paid exactly 1 year after my first qualifying investment, though terms state that it could be up to 14 days after this. The bonus for referring others was paid the day after they invested, but only if they invested in the Premium account. Thank you Ace, luckily my first lump sum of 10k is still in Premium!
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warn
Member of DD Central
Curmudgeon
Posts: 638
Likes: 660
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Post by warn on Apr 23, 2021 15:57:07 GMT
I have now maxed out my 20k allowance for easy access, keeping a close eye on the portfolio updates and growth but so far I am pretty confident in the long term future of the platform, enough that Loanpad is now my largest P2P investment to date. Does anybody have any XP when you get paid your bonus for the 1% bonus on 10k reward? Is this exactly on the date you invested your lump sum or does it come within 30 days of that date ect? Thanks! I am planning on doing this, but presumably the balance then goes over £20k when the daily interest is added. What settings do I need to use, as at present when the standard account gets to £10, it gets moved to premium If your autoinvest preference is set to Classic, and Classic reaches £20K, subsequent interest will accumulate in Cash until you redirect it.
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Post by Badly Drawn Stickman on Apr 23, 2021 16:30:37 GMT
I am planning on doing this, but presumably the balance then goes over £20k when the daily interest is added. What settings do I need to use, as at present when the standard account gets to £10, it gets moved to premium If your autoinvest preference is set to Classic, and Classic reaches £20K, subsequent interest will accumulate in Cash until you redirect it. Due to a 'fault' that will not be remedied for a while, it is not possible to set transfers from Premium to Classic currently (been that way about a week now). A bit annoying really it was a useful tool.
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Greenwood2
Member of DD Central
Posts: 4,388
Likes: 2,787
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Post by Greenwood2 on Apr 27, 2021 17:22:37 GMT
My big problem with LP was and still is that I cannot control the amount in any loan. I really don't want to put much more funds in because my exposure to some loans is already more than I'm comfortable with in terms of £s. I would be much happier if they gave an option of a % in each loan or a maximum in each loan (at a reasonable level), would that be a problem for the platform? I'm not sure but it definitely limits my total invested amount.
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Post by Ace on Apr 27, 2021 17:40:55 GMT
My big problem with LP was and still is that I cannot control the amount in any loan. I really don't want to put much more funds in because my exposure to some loans is already more than I'm comfortable with in terms of £s. I would be much happier if they gave an option of a % in each loan or a maximum in each loan (at a reasonable level), would that be a problem for the platform? I'm not sure but it definitely limits my total invested amount. Yes, doing what you want would be a problem for Loanpad as it would break their whole MO. The maximum percentage of one's funds invested in any one loan has been generally reducing as the number of loans has been increasing. However, they occasionally decide to increase the maximum that they will lend in any one loan which causes a jump back up again, but the general direction is still downwards. The maximum percentage of funds in any one loan has reduced from ~15% to its current level of ~6.8% since I started investing there. (Current maximum loan is £2m. Total funds on platform is ~ £29.5m). I saw a comment from Loanpad somewhere (can't remember where) that they wanted to keep reducing this so that the maximum percentage of one's funds in any one loan was below 1%, but don't think they gave a timescale for this target.
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Greenwood2
Member of DD Central
Posts: 4,388
Likes: 2,787
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Post by Greenwood2 on Apr 27, 2021 19:41:19 GMT
My big problem with LP was and still is that I cannot control the amount in any loan. I really don't want to put much more funds in because my exposure to some loans is already more than I'm comfortable with in terms of £s. I would be much happier if they gave an option of a % in each loan or a maximum in each loan (at a reasonable level), would that be a problem for the platform? I'm not sure but it definitely limits my total invested amount. Yes, doing what you want would be a problem for Loanpad as it would break their whole MO. The maximum percentage of one's funds invested in any one loan has been generally reducing as the number of loans has been increasing. However, they occasionally decide to increase the maximum that they will lend in any one loan which causes a jump back up again, but the general direction is still downwards. The maximum percentage of funds in any one loan has reduced from ~15% to its current level of ~6.8% since I started investing there. (Current maximum loan is £2m. Total funds on platform is ~ £29.5m). I saw a comment from Loanpad somewhere (can't remember where) that they wanted to keep reducing this so that the maximum percentage of one's funds in any one loan was below 1%, but don't think they gave a timescale for this target. Fine but I'm seeing potentially hundreds of pounds in some loans, that I may or may not like and only tens of pounds in others. not the sort of spread I want, hence the limit to my money on LP.
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Post by df on Apr 27, 2021 20:31:58 GMT
My big problem with LP was and still is that I cannot control the amount in any loan. I really don't want to put much more funds in because my exposure to some loans is already more than I'm comfortable with in terms of £s. I would be much happier if they gave an option of a % in each loan or a maximum in each loan (at a reasonable level), would that be a problem for the platform? I'm not sure but it definitely limits my total invested amount. It's very similar to how our funds are distributed across the loan book on AC's AAs. I would've preferred to be in control of my exposure but these accounts can't operate like this. I take comfort in my AA experience (always delivered projected returns) and not too worried about being overexposed on LP loan book.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,337
Likes: 11,562
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Post by ilmoro on Apr 28, 2021 10:30:30 GMT
Its that time of the year again and I cant find the tax statement. Any ideas?
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withnell
Member of DD Central
Posts: 550
Likes: 491
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Post by withnell on Apr 28, 2021 10:36:56 GMT
Its that time of the year again and I cant find the tax statement. Any ideas? All transaction download then filter for interest between 6-Apr to 5-Apr in excel?
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archie
Posts: 1,866
Likes: 1,861
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Post by archie on Apr 28, 2021 10:53:59 GMT
Its that time of the year again and I cant find the tax statement. Any ideas? My account>Statement, enter date range and download statement.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,337
Likes: 11,562
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Post by ilmoro on Apr 28, 2021 11:39:20 GMT
Thanks. Yes, plenty of work rounds to get the info but no actual tax statement which surprises me as I would have thought that was something they were required to provide, but certainly should
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Post by Ace on Apr 30, 2021 15:37:53 GMT
Some new milestones at Loanpad today: - Over £30,000,000 funds on platform.
- Average amount invested per lender > £10,000.
- Total number of loans = 73.
- Total number of lenders approaching 3,000 (actually it's 2983).
- Early access from Premium account for a 0.5% fee is now enabled (and has been for a few days).
- Still only 1% of loans by value are having their interest paid by the ICF.
Well done Loanpad. Keep up the good work. |
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Post by nooneere on May 2, 2021 12:03:06 GMT
Some new milestones at Loanpad today: - Over £30,000,000 funds on platform.
- Average amount invested per lender > £10,000.
- Total number of loans = 73.
- Total number of lenders approaching 3,000 (actually it's 2983).
- Early access from Premium account for a 0.5% fee is now enabled (and has been for a few days).
- Still only 1% of loans by value are having their interest paid by the ICF.
Well done Loanpad. Keep up the good work. And of the >£30M on platform, £3.6M is awaiting investment. No shortage of liquidity at the moment!
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