Does RateSetter offer month-to-month statements for investors?

Every investor gets a month-to-month declaration via e-mail which supplies details about their investment.

Investors also can access their account details by logging in at any moment.

What’s the maximum and minimum amount I’m able to spend?

The minimal investment is Ј10 and there’s no maximum investment limitation.

Just How is danger handled?

The primary danger to investors is the fact that borrowers usually do not repay their loans. RateSetter seeks to handle this danger in range methods:

Strict financing criteria: we just provide to borrowers that are creditworthy. You can observe our Lending Criteria here.

Quality in underwriting: robust credit and affordability checks on all borrowers.

Portfolio administration: Our loan guide is diversified across numerous borrowers of various kinds and via a selection of stations.

The Provision Fund: often a good creditworthy debtor can miss a repayment. For this reason, we possess the Provision Fund to reimburse investors automatically. This implies which you keep getting your repayments, while you are anticipating them.

What the results are in cases where A debtor misses a repayment?

Often a good borrower that is creditworthy miss a repayment. This is exactly why we’ve the Provision Fund to immediately reimburse investors. This implies you are expecting them that you keep receiving your repayments, when.

How can the Provision Fund work?

RateSetter pioneered the Provision Fund concept in peer-to-peer financing being a real means to supply greater predictability for investors. Read the rest of this entry