Squirrel Money P2P

[humvee]

The 2% / Year fee is confusing.. As from the Website one place suggests Borrower pays however the Investors T & C's says the Investor pays!
SQ 1.JPGAttachment 7706

I asked Squirrel to clarify - after a couple of emails - here it a reply I think clarifys it

"To clarify, there is only one service platform fee of 2%. If you are investing say 6% - you will get 6% or, slightly under as we need to pay RWT on your behalf. It does not mean you are getting 6% - 2%.


So yes the borrower is paying the additional as we add it to the investment rate prior to presenting the offer to the borrower.


Kind regards,






Charles Chen
Operations Manager"