Croatian P2P Lending Platform to Offer Interest Rates of Up to 12.7%, Secondary Market Updates Announced

Croatian peer to peer lender has revealed that it’s offering new interest rates “up to 12.7%” and has also updated its secondary market.

The team confirmed that they’re offering a new product line with rates “ranging from 11% to 12.7%.” The P2P platform’s secondary market will change its conditions beginning on April 13, 2021. also mentioned that they’re now entering their fifth year of business operations, and that they’re focused on becoming “the ultimate investment platform” in Europe. added:

“[We are introducing] a new product line that will help you diversify your funds and earn up to 12.7% per annum. Thus, loans up to 29 days in term will now come with the interest rate of 11%. Loans of 30 to 179 days will bring 12% profit, and longer-term loans are now more profitable: you can earn 12.3, 12.5 or 12.7% investing in loans with terms of 180, 365 and 720 days accordingly.” also confirmed that the new product terms and rates are now “applied for all loans from all loan originators” on the platform. The company reminded users to adjust their portfolio settings in order to get their funds invested properly.

Also, is pleased to announce several other updates to its secondary market, which will become effective on April 13, 2021. further noted their investors have been requesting to remove the restriction of selling loans via the secondary market “only after 180 days of owning them.” added that they’ve now decided to make this possible.

The peer to peer lending platform also mentioned:

“Soon, you will be able to sell any loan of any term on the secondary market to other investors. This will bring you the opportunity to make your portfolio more flexible and better-adjusted to your investment goal.”

They added:

“The secondary market will now become an intermediary zone between the seller and the buyer of a loan, while the platform will cease its obligation to repurchase the loan after 14 days of its presence on the secondary market. The secondary market remains free of any charges for investors of” also noted that because of the updated mechanisms of the secondary market, changes have now been made to the User Agreement, which will become effective in 60 days after they have been posted on (right next to the current User Agreement).

As covered earlier this month, reported that volumes of alternative lending in developing nations have been growing steadily.

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