Hello

I am new to this platform and have difficulties to understand some things:

1) secured loans at 11%: they are guaranteed to pay with no delay?
2) other loans: there is a security fund in place for 60 to 80% of the principal, interest excluded?
3) I dont get the idea of the bonus from the faq

Thanks for help

Regards

Hello!

1) Secured loans are 100% guaranteed and all payments will be made on correct dates.
2) Other loans have guarantee fund. When loan is 100 days in debt it will be sold to collection agency and investors will recieve compensation 60-80% of unpaid principal, interest is excluded. Exact compensation amount depends of guarantee fund state. Currently Estonian loans compensation is 80% and Slovakian loans 60%.
3) Bonus will give you advantage competing with other investors who have same interest in investment terms. Investor with bonus will go first into loan. Bonus is taken from received interest, for example you recieve 2 euros of interest and you have bonus of 2%, then 2% of 2 euros is taken.