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Post by mfm on Jan 25, 2016 16:42:07 GMT
Good afternoon, We have had a significant increase in loan volume over the last week and there are currently two loans on sale on our platform f(collateralised by Modern Art from Andy Warhol & Vik Muniz and a Porsche 911 ).
Just to highlight, our loans pay 0.85% per month net to the lenders (we charge no fees to lenders). Loans made against gold and silver are protected by our Gold Trust within which we purchase put options to protect against a fall in the price in gold and silver. Your principal on other loans are protected by a Provision Trust into which we transfer 1% of the notional of every loan originated on our platform.
You can either purchase the loans on your own or provide us with Autolend instructions to allocate your funds to every loan we originate (subject to constraints such as maximum amount per loan and maximum proportion of each loan chosen by you).
For more details please visit us at unbolted.com/uk/how-lending-works/ - you can also email us Support@unbolted.com if you have any queries on our operations.
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bugs4me
Member of DD Central
Posts: 1,841
Likes: 1,466
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Post by bugs4me on Jan 26, 2016 10:55:59 GMT
Good afternoon, We have had a significant increase in loan volume over the last week and there are currently two loans on sale on our platform f(collateralised by Modern Art from Andy Warhol & Vik Muniz and a Porsche 911 ). Just to highlight, our loans pay 0.85% per month net to the lenders (we charge no fees to lenders). Loans made against gold and silver are protected by our Gold Trust within which we purchase put options to protect against a fall in the price in gold and silver. Your principal on other loans are protected by a Provision Trust into which we transfer 1% of the notional of every loan originated on our platform. You can either purchase the loans on your own or provide us with Autolend instructions to allocate your funds to every loan we originate (subject to constraints such as maximum amount per loan and maximum proportion of each loan chosen by you). For more details please visit us at unbolted.com/uk/how-lending-works/ - you can also email us Support@unbolted.com if you have any queries on our operations. mfm - thanks for the heads up. Looks as though you are a representative for Unbolted so you should declare this to the admins/mods around here. As mentioned on a previous post, I would like to get involved but your rates are frankly simply not competitive. I cannot agree with your comments about 'no fees to lenders' as clearly with a below market rate to lenders compared to other P2P companies in your field and the amount being paid into the Gold Trust then this 1% is clearly coming from somewhere. IMO although obviously Unbolted is not my business, I do feel you need to look at those rates as 10.2%pa plus the (never to be seen by lenders) of the 1% contribution to the Gold Trust simply is not competitive.
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