Does RateSetter offer statements that are monthly investors?
Every investor gets a statement that is monthly e-mail which gives information about their investment.
Investors may also access their account details by logging in at any moment.
What’s the minimum and optimum amount I am able to spend?
The minimal investment is Ј10 and there’s no maximum investment restriction.
Just just just How is danger handled?
The primary danger to investors is the fact that borrowers try not to repay their loans. RateSetter seeks to handle this danger in a true quantity of means:
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 variety of stations.
The Provision Fund: often even a creditworthy debtor can miss a repayment. For this reason, we’ve the Provision Fund to reimburse investors automatically. This implies which you keep getting your repayments, if you are anticipating them.
What are the results in cases where a payment is missed by a borrower?