Croatian P2P lender Robo.cash has provided an update on payment dates for long-term loans issued via their platform.
Starting from December 16, 2021 (inclusive), investors who have purchased long-term loans “for a period of 90 days and longer will be receiving monthly interest payments every 30 days,” the team at Robocash confirmed.
Robo.cash wrote in a blog post:
“In order to improve your experience with the platform, we would like to inform you that starting from December 16, 2021 (inclusive), investors who have purchased long term loans for a period of 90 days and longer will be receiving monthly interest payments every 30 days. The starting point for the payments will be the date the loan was purchased.”
The company added:
“If you bought long-term loans in the period from the 1st to the 16th day of a month, interest payments for the period since December 1, 2021, will be paid out with a one-time payment on December 16, 2021 and starting from the next month the due interest will be paid out every 30 days.”
Robo.cash further noted that repayments on loans from 7 to 89 days “remain unchanged and will be made in a lump sum payment (interest plus principal amount) on the day the loan is closed.”
The company thanked its clients for trusting them with their finances and helping to make their service more convenient. Should you have any questions, then you can contact the team at support@robo.cash.
As covered recently, the end of the year 2021 has seen a surge in peer-to-peer investment activity, according to an update from Croatian P2P lender Robo.cash.
Robo.cash analysts write in a blog post that the past 3 months of the year “tend to increase P2P investors’ activity.” The update also noted that concerns about market behavior in October and financial plans for the new year “are prompting them to diversify their investments.”
The investment platform Robo.cash “analyzed 43 European P2P platforms of consumer and business segments for the seasonality influence.”
According to the research, October is the month of “the highest investor activity.”
It is noteworthy that “for the past 5 years it shows significant MoM growth compared to September, on average by 16%.”