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  1. #171
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    Quote Originally Posted by Kelvin View Post
    How long does it take to receive repayments from your loans. I have a couple of loans taken out on 7 June but haven't received any repayments yet, both showing 0 days overdue
    Lending Crowd Hold the Borrowers payment for 5 days ( funds clearing time ) before releasing the funds to Investors.

    So you should see available on the 15th and withdraw if that's your plan.

  2. #172
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    Thanks Saamee. Plan is to reinvest the principal and interest, along with depositing more funds.

  3. #173
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    New loan listed Mon Arvo...

    Funded Time remaining Grade Rate* Type Term Amount My investment
    18 hours and 8 minutes A2 12.84% Business 60 months $50,450.00

  4. #174
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    Smail New loan up TUE arvo:

    Funded Time remaining Grade Rate* Type Term Amount My investment
    6 days and 19 hours A1 7.90% Personal 36 months $7,250.00

  5. #175
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    And another loan!

    Funded Time remaining Grade Rate* Type Term Amount My investment
    0%
    6 days and 18 hours B1 13.97% Personal 36 months $40,450.00 $0.00

  6. #176
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    The below loan is still avaialble....

    54%
    6 days and 22 hours B2 18.74% Personal 36 months $10,550.00

  7. #177
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    It's getting busy this week!

    6 days and 19 hours B1 13.97% Personal 36 months $6,250.00

  8. #178
    Speedy Az winner69's Avatar
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    Heck - 22 million loan applications???? Finance Direct taking up a fair chunk of the loans made - on equal footing with you guys though so thats good.


    To date Croad said Lending Crowd has received 22 million loan applications, and written $2.5 million worth of loans with 60% of this total comprising personal and motor vehicle loans, and 40% business loans. He said registered non-bank deposit taker Finance Direct has participated in $900,000 of the loans on the Lending Crowd platform on equal terms with retail investors. There are 220 registered retail investors, and 165 active investors. In terms of loan security, Croad said 30% of loans are secured by cars plus a property, 50% are secured by vehicles, and 20% are secured by property only.


    http://www.interest.co.nz/business/8...l-help-it-grow
    . To say extreme valuations are “justified” is also to say that long-term market losses are “justified.” .

  9. #179
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    Surely a mistake, must be more like 22,000 or just 2,200. But glad they are serious about growing the platform.

    Got my very first repayments today! A whopping $0.93 after tax and interest flex

  10. #180
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    New loan this morning!

    Funded Time remaining Grade Rate* Type Term Amount My investment
    7 days B2 19.10% Personal 60 months $11,250.00

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