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Post by propman on Jan 29, 2020 19:13:45 GMT
THe higher APR loans are often the smaller ones. The cost of assessing, distributing and managing loans will contain a significant irreducible cost that needs to be recovered. This may be a high percentage of the smallest loans.
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robski
Member of DD Central
Posts: 772
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Post by robski on Jan 29, 2020 22:14:33 GMT
The said loan for me was a £160k property one
9% Interest Apr (its an 18 month term) and 6% APR fees seems pretty darn high
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Post by propman on Jan 29, 2020 22:42:51 GMT
The said loan for me was a £160k property one 9% Interest Apr (its an 18 month term) and 6% APR fees seems pretty darn high Hopefully a fair portion is in the PF!
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Post by df on Jan 29, 2020 23:19:47 GMT
Not sure if it's me but something just doesn't feel right with rs now. Rates are just too good, almost every day. So their pf has fallen and either they have massively increased their lending recently or a vast majority of people are withdrawing prior to brexit and bad media coverage. Either way just feels like an unofficial red flag. I could be wrong! I've just got matched on Max. The order was placed @6.8%. The e-mail said I've been matched at 4%. In "investment details" for this loan my interest is 6.6%. The loan term is 60 months, but I'm scheduled to receive one single repayment on 2nd March (full capital and 1 month interest). Don't know which bits of information to believe Borrower interest rate is 2.5%, borrower APR is 6.9%, borrower fees p.a. is 3.8%... looks confusing
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Post by mitosan on Jan 30, 2020 22:02:01 GMT
I've just got matched on Max. The order was placed @6.8%. Not too shabby, I thought I did well for getting in at 6.2% Its all back to the usual 4% now.
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