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Post by preacherman100 on Jun 15, 2017 12:18:16 GMT
Good Afternoon All
Looking around the platforms various p2p lenders use various payback criteria- can anyone please simplify the way loans are repaid ie
FC some capital & interest each month
Platforms that pay the total accrued interest only at end of loan with capital returned
Ones that pay monthly interest and capital at the end.
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Post by wiseclerk on Jun 15, 2017 12:27:37 GMT
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Post by preacherman100 on Jun 15, 2017 15:46:06 GMT
OK thanks I was hoping there was a table somewhere that stated which platforms did which.
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Post by wiseclerk on Jun 15, 2017 15:52:19 GMT
Nearly all platforms do amortizing. Bullet loans are done on some property related platforms.
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Post by df on Jun 16, 2017 0:32:50 GMT
www.p2pmoney.co.uk/companies.htm - if you scroll down to 'loan terms' it might give you some idea. Many platforms have diversified loan books. Even FC you mentioned still has two types, amortised and bullet. They have scheduled for phasing out property loans, which I think is a good move for them, but many smaller platforms don't have that luxury to stick to one type of loan market.
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Post by petebutt43 on Jun 18, 2017 22:21:18 GMT
Nearly all platforms do amortizing. Bullet loans are done on some property related platforms. In my experience the opposite seems to be true, with most platforms tending to favour interest only. Each platform is slightly different though, some even rolling up interest and capital till the end (FS).
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