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Thread: RateSetter

  1. #1
    Peer
    Join Date
    Jan 2016
    Location
    Christchurch
    Posts
    62

    Default RateSetter

    According to this article (http://www.interest.co.nz/business/8...ulatory-regime) on Interest.co.nz, RateSetter Australia is open to Investors from New Zealand and they currently have a few dozen kiwi's lending via their platform.

    Anyone here using them, if so, how do you find it?

  2. #2
    Member
    Join Date
    Sep 2015
    Posts
    211

    Default

    How would a kiwi retail investor get started in this? Seems like you require an Aussie address and bank account?

  3. #3
    Peer
    Join Date
    Jan 2016
    Location
    Christchurch
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    Default

    No idea as yet. I noticed that when I looked. I plan to send them an email asking how a kiwi goes about registering.

  4. #4
    Member
    Join Date
    Apr 2014
    Location
    Christchurch
    Posts
    67

    Default

    Maybe expats locked in for a fixed term loan who have since moved back to NZ?

    Interesting that there is another alternative, not sure what the upside is though.

    Looks to run the reserve fund model same as Squirrel Money with similar ROR but with the extra hassle of declaring O/S income.

  5. #5
    Junior Member
    Join Date
    Sep 2016
    Posts
    4

    Default

    An upside is they permit re-investment of amounts as small as $10. And are truly the most 'set and forget' off all the different NZ and AUS P2P providers i use.

  6. #6
    Junior Member
    Join Date
    Sep 2016
    Posts
    4

    Default

    historically rates higher than SM have been achievable, however presently that is not the case, as ratesetter returns are influenced by supply and demand.

    And demand is low presently

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