Explination of how repayments work on manual investments

Best thing to do would be to call our customer services team tomorrow as they can talk you through all the scenarios and answer any specific questions you have.

The repayment profile of each loan is different and can be quite varied as we have a very flexible loan model to suit the wide range of loans that we offer.  The easiest way to think about it is to look at the repayments tab as you have done and consider that you will receive a proportion of that amount based on how much of the loan you hold.  If you invested £1k in a £100k loan then you would receive 1% of the figures listed in that table each month.

In terms of the actual repayment profiles this will be down to the type of the loan and the terms agreed with the borrower.  Some loans will be a simple amortising loan where the amortisation period (length of time over which the loan will be repaid) is the same as the loan term - so at the end of the loan term there will be nothing left to repay.  Where the amortisation period differs from the loan term you end up with a lump sum of capital that needs to be repaid at the end of the loan, often through refinancing with another loan.  This could be used by someone who wants to build a wind turbine, for example, to pay a slightly higher interest rate to reflect the risk of financing the building of a new turbine but once it is operational they can refinance at a lower rate now that the turbine is up and running and has a track record of outputting electricity.  Some loans are interest only where the amortisation period is effectively infinitely long and no capital is repaid each month.  Others have an interest only period before they start amortising, so there's a period where repayments are lower and then after a preset number of months the repayments increase and the borrower starts paying back the capital lent as well as the interest.  Others may not make any repayments at all for a while before making a lump sum repayment.  Or the interest due to be paid to lenders is loaned to the borrower as part of the overall loan and retained by the platform at draw down.  There lenders are paid monthly out of those retained funds.  There are several other variables and variations on those themes as well!

So there's a huge variety of loan types out there.  The repayment tab always shows the scheduled repayments that will be made to lenders as the borrower makes their repayments so is the best place to start, and as I say the customer support team are only a phone call away if you ever want to double check something or find out more.