bernard
Member of DD Central
Posts: 66
Likes: 24
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Post by bernard on May 14, 2016 17:17:36 GMT
Given the number of deals offering bonus rates, I would like to understand how long the bonus rate applies for. Specifically, as loans seem to have a habit of not been repaid within their initial term, does the bonus rate apply only for the stated term of the loan (eg 6 months), or to the whole term of the loan before it actually gets repaid (which could be a fair bit longer)? Obviously fundingsecure should clarify but maybe others have already asked this question.
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Post by fundingsecure on May 14, 2016 17:20:23 GMT
The bonus is for the full term, until the loan is completed. If it is delayed then bonus rate keeps accruing.
FundingSecure
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