Loans Paying Interest from Tomorrow
Feb 25, 2016 17:25:46 GMT
duck, ramblin rose, and 4 more like this
Post by fundingsecure on Feb 25, 2016 17:25:46 GMT
As previously mentioned we have recently been delaying posting loans onto the platform until the legal processes are virtually complete - to avoid the possibility of delays or, exceptionally, cancellation.
One result of this policy is that when the loans are posted the time before requested draw-down may be only a few days. For this reason we have been in discussion with the borrowers on ways to speed up the funding process.
As a result of these discussions the borrowers of the current loans have agreed to fund interest from tomorrow, 26th February. This should encourage investors to place bids earlier, confident that funds will start earning interest straight away.
FundingSecure
One result of this policy is that when the loans are posted the time before requested draw-down may be only a few days. For this reason we have been in discussion with the borrowers on ways to speed up the funding process.
As a result of these discussions the borrowers of the current loans have agreed to fund interest from tomorrow, 26th February. This should encourage investors to place bids earlier, confident that funds will start earning interest straight away.
FundingSecure
