Croatian lender Robo.cash notes that as a result of the FRS rate increase, they are now raising interest rates “on all types of loans.”
As noted in the update from Robocash, the new rates “will range from 10% to 13%.”
The updated detailed breakdown by loan terms and rates may be viewed here.
The changes became effective on March 22, 2022.
Interest payments on previously purchased loans from Sri Lanka “will be recalculated based on the new rate.” Robo.cash also mentioned that you should be sure “to update the interest range in your personal accounts to continue investing and receiving higher profit.”
The firm also mentioned that “all investments on Robo.cash are supported by the 100% buyback guarantee, which is supplied by the affiliated lending companies of Robocash Group.”
If you have any questions, you may contact the team at support@robo.cash.
As covered, Robocash had noted that in recent years, the peer-to-peer market has become “a competitive alternative to traditional assets due to attractive returns on investments, their predictability (yield and term are known in advance), ease of management and low volatility.”
However, Robocash clarifies that any investment “carries some degree of risk, and in the case of P2P, this is primarily a lack of transparency and regulation.”
The Chinese P2P lending platform Ezubao, which was a Ponzi scheme “in disguise and faked 95% of its online loans,” was a prime example of “a massive fraud.” Robo.cash also mentioned in an update that the scheme “divided long-term lending projects into several short-term loans and used funds from new investors to pay system participants.” All this “predictably collapsed due to the use of a Ponzi pyramid scheme.”
Robocash added that the Jinxing Investment and Rong Zuan Dai (China, 2015), FastInvest (UK, 2018), Kuetzal (Estonia, 2019), Grupeer (Latvia, 2020) and others engaged in fraudulent activities (allegedy).
Fraud can “manifest itself in different countries, at different stages of work with investors and regardless of platform age.”
But Robo.cash says that we can “identify common features that should alert the investor and require them to pay more detailed attention to the platform.”