Lending information
Q: How long do I need to lend out my money for/what is the duration?
Answer: As long as you like! There is no lockup period or withdrawal limit. You will earn interest as long as you maintain a balance.
Q: What period is the interest % applicable to?
Answer: The interest rate is the amount you will earn per approved loan. The interest you earn each week is added to your account every Monday.
Q: What are the minimum/maximum lendable amounts and withdrawals?
Maximum lendable amount: $50,000
Maximum approved bulk loan requests per day:
Maximum withdrawal per day: None
Q: What is the maximum amount I can have in the account to be able to lend?
Answer: You can continue to approve borrower loan requests from your account while your account balance is below $50,000