upperdeane
Member of DD Central
Posts: 493
Likes: 245
|
Post by upperdeane on Nov 30, 2019 9:47:08 GMT
Easymoney reducing interest rates for new loans and introducing a new "Premium Plus" product 09/12/19....
The new rates are as follows:
PRODUCT MINIMUM
INVESTMENT AMOUNT TARGET RETURNS P.A.
Classic £100 3.4% - 4.0%
Premium £10,000 4.8% - 5.5%
Premium Plus £20,000 5.7% - 6.5%
High Net Worth £100,000 6.6% - 7.5%
Professional Investor £1,000,000 8%
Easymoney also confirmed you will continue to receive the current target rates on your existing loans until they are redeemed.
|
|
upperdeane
Member of DD Central
Posts: 493
Likes: 245
|
Post by upperdeane on Nov 30, 2019 9:59:05 GMT
Easymoney reducing interest rates for new loans and introducing a new "Premium Plus" product 09/12/19.... The new rates are as follows: PRODUCT MINIMUM INVESTMENT AMOUNT TARGET RETURNS P.A. Classic £100 3.4% - 4.0% Premium £10,000 4.8% - 5.5% Premium Plus £20,000 5.7% - 6.5% High Net Worth £100,000 6.6% - 7.5% Professional Investor £1,000,000 8% Easymoney also confirmed you will continue to receive the current target rates on your existing loans until they are redeemed. Old rates were: PRODUCT MINIMUM INVESTMENT AMOUNT TARGET RETURNS P.A. Classic £100 4.05% Premium £10,000 7.28% High Net Worth £100,000 8.00%
|
|
benaj
Member of DD Central
N/A
Posts: 5,610 
Likes: 1,739
|
Post by benaj on Nov 30, 2019 10:15:06 GMT
I haven't received the new T&C yet about these rates. upperdeane , have you got a copy of the new T&C? Only 1 loan is expected to be redeemed by the end of year, others will be redeemed in 2020. So investors continue to receive current rate even if the loan is extended? |
|
upperdeane
Member of DD Central
Posts: 493
Likes: 245
|
Post by upperdeane on Nov 30, 2019 13:36:34 GMT
I haven't received the new T&C yet about these rates. upperdeane , have you got a copy of the new T&C? Only 1 loan is expected to be redeemed by the end of year, others will be redeemed in 2020. So investors continue to receive current rate even if the loan is extended? Hi, all I got as an email from Easymoney. Good question re extension... that's not clear from the email.
|
|
p2pfan
Member of DD Central
Full-Time Investor
Posts: 781 
Likes: 889
|
Post by p2pfan on Nov 30, 2019 19:16:53 GMT
I've been keeping a very close eye on easyMoney throughout 2019, wondering if it was worth diving in with them. They've probably not spent more than 12 seconds in the whole year on updates and news on their website, social media, press releases, posting here etc. but it's interesting that almost the only time they rear their heads is to substantially slash their interest rates.
I personally decided not to invest with them unless they was much more transparency in terms of their activities. They are more secretive about their loans and set-up than almost any P2P platform I investigated and when a substantial number of them are probably going to close down next year and beyond I didn't feel comfortable with easyMoney.
They don't even have a picture of a grinning Stelios with a wad of fifty pound notes on their homepage to try to lure you in.
|
|
upperdeane
Member of DD Central
Posts: 493
Likes: 245
|
Post by upperdeane on Dec 2, 2019 17:57:17 GMT
I've been keeping a very close eye on easyMoney throughout 2019, wondering if it was worth diving in with them. They've probably not spent more than 12 seconds in the whole year on updates and news on their website, social media, press releases, posting here etc. but it's interesting that almost the only time they rear their heads is to substantially slash their interest rates. I personally decided not to invest with them unless they was much more transparency in terms of their activities. They are more secretive about their loans and set-up than almost any P2P platform I investigated and when a substantial number of them are probably going to close down next year and beyond I didn't feel comfortable with easyMoney. They don't even have a picture of a grinning Stelios with a wad of fifty pound notes on their homepage to try to lure you in. I've been with them about a year and have been getting 7.28% to-date. All my loans running OK with zero issues so far and interest paid every month on time like clockwork. However, the 30% approx drop in interest rates for my level of investment will probably mean that I withdraw when those loans expire. When I opened my account originally I did have a chat to the chap who is in charge of lending and he did a good job in reassuring me that the quality of loans and lower LTV's they approve put them in the category of a more conservative P2P lender who is going after quality rather than quantity. Time will tell.
|
|
