Hi AndyKiwi :)
Happy to help - I believe it's important to get the benefits of 'LC" out there for those that have not committed this far!
Initially:
$500 in every loan... ( To build up a basis & profile @ 'LC' )
'LC' rate chart >>
https://lendingcrowd.co.nz/howitwork...ees#lc-wrapper
Now:
Typically >>
Grade = B2 > $100
Grade = B1 > $400 - $600 ( my selected 'sweet spot' ) - rate does not seem to excessive or greedy!
Grade = A2 > $100
Grade = A1 > I do not bother - you may as well put your $$'s in Squirrel @ 9% guaranteed!
As for terms > 36 or 60 months - I'm taking a long term strategy - currently getting $250 \ week Interest from combined P2P investments. So do not mind either Term length.
My long term plan is to keep Investing till I am getting $500 \ week Interest Income every year - then in 9 Years time with NZ Pension have approx $750 \ week income.....
As mentioned above... Currently 16% of all loans @ 'LC' get repaid early.
Currently I spend approx 1.5 to 2 hours a day managing P2P accounts, across 3 x P2P Lenders ( repaid Loans, Reinvesting, Transferring Funds & Requesting Withdrawals etc )
My RAR @ 'LC" = 13.11%
Anything missed or wish to know more... Just Ask!