mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 62
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Post by mcfc on Aug 20, 2021 15:24:20 GMT
I have contacted Proplend twice now via their platform online contact page, asking when the above loan will become interest bearing. I invested approx 3 weeks ago.
To date Proplend have ignored my contacts with them and the loan remains waiting to draw down.
is it reasonable to ignore investors in this way and to have an investment non interest bearing for such a long time ?
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Post by overthehill on Aug 20, 2021 16:29:42 GMT
I have contacted Proplend twice now via their platform online contact page, asking when the above loan will become interest bearing. I invested approx 3 weeks ago. To date Proplend have ignored my contacts with them and the loan remains waiting to draw down. is it reasonable to ignore investors in this way and to have an investment non interest bearing for such a long time ? They sent out an email update maybe 2 weeks ago saying the loan will draw down sometime before the end of August. Trying to recall but I think Proplend loans start to earn interest 7 days after they are funded if not drawn down, something like that. Someone will correct me if necessary.
EDIT : "Interest shall accrue under the Loan Contracts from the tenth day after the day on which the Loan Request was successfully funded or the day the funds lent are drawn down by the Borrower, whichever is earlier." The email also said the borrower paid a month's interest upfront but I don't know if that means interest has been accruing since the loan funded.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 62
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Post by mcfc on Aug 20, 2021 18:33:35 GMT
Thank you over the hill. I have obviously missed that e-mail.
Your response is helpful.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 62
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Post by mcfc on Aug 20, 2021 18:58:10 GMT
Thank you Overthehill your reply is most helpful.I have obviously missed that particular e-mail from Proplend towers, although it would have been polite of them to answer my personal enquiries.
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Post by uksoul on Aug 20, 2021 20:17:17 GMT
I have contacted Proplend twice now via their platform online contact page, asking when the above loan will become interest bearing. I invested approx 3 weeks ago. To date Proplend have ignored my contacts with them and the loan remains waiting to draw down. is it reasonable to ignore investors in this way and to have an investment non interest bearing for such a long time ? I'm surprised Proplend has not replied to your emails. I find them to be the most responsive out of the p2p platforms I use. Even Brian the CEO will interact via email on queries. It is abnormal to be so long before a draw down but as mentioned an email was sent out notifying the delay and payment of interest upon being drawn down.
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bababill
Member of DD Central
Posts: 525 
Likes: 243
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Post by bababill on Aug 20, 2021 23:05:00 GMT
Has any one else used the "platform online contact page" successfully? Maybe a bug in the webpage?
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 62
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Post by mcfc on Aug 21, 2021 9:01:16 GMT
I have used it successfully numerous times making enquiries about other loans,…. Which is why I reached out to Proplend again using this tool. I assumed there were issues with the loan and Proplend were simply ignoring me to be honest.
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mcfc
I’m invested in Qardus, Loanpad, Proplend, and Crowproperty
Posts: 91
Likes: 62
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Post by mcfc on Sept 20, 2021 18:17:13 GMT
Loan has finally drawn down and is now interest bearing,…..
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