Lendermarket QA monthly
Narek Vardanyan

Investor Q & A with Lendermarket – April 2021

1. How do I add money to my Lendermarket account?

You can use bank transfers to make payments to your Lendermarket account. It’s quick, secure and available 24/7. The deposit takes around one business day to become available on the platform, although it can take up to three days depending on your banking partner. Transfers in EUR can be done easily and at low cost using SEPA (Single Euro Payments Area) transfer.

2. Is the Buyback Guarantee limited to each loan originator or is it a Group Buyback Guarantee?

Creditstar’s subsidiaries provide the buyback guarantee. However, in the event of default from the subsidiaries, Creditstar Group AS will provide the buyback guarantee to the investors. We are currently reviewing and updating details on Lendermarket’s website, to make sure this information is clearly highlighted.

3. How is Lendermarket financed?

Lendermarket is earning revenue from the value of mediated investments. As Lendermarket has a small core team and relatively limited operating costs, then the revenue already covers the majority of company expenses. The missing part is covered by Lendermarket’s parent company.

4. How is the interest calculated?

The overdue period is also calculated with the same formula, as you are still generating interest during the overdue period of the loan. You can find this amount under “delayed interest”.

The investment and repayment dates are currently not included in the calculations. It’s been on our table for the near future to review this point and add the investment date to the calculations.

5. Creditstar uses Mintos to fund its P2P loans – why start a whole new platform with Lendermarket? Is it cheaper than paying fees to Mintos?

The behind is the need to diversify Creditstar’s funding. Adding another source of investment helps maintain the stability of the Group.

And that’s it for this month! We hope we’ve answered all your questions. If you have other questions, you can find the answers on our FAQ page or contact our Customer Service.

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