Question 1

Types of loan repayment

Accepted Answer

The following types of reimbursement will be discussed below:

BULLET;
FRENCH-STYLE AMORTISATION;
FRENCH-STYLE AMORTISATION WITH PRE-AMORTISATION;
ITALIAN-STYLE AMORTISATION
MULTIBULLET
AMORTISATION with BALLOON
DYNAMIC

N.B.: loans called "amortising" on the platform assume French-style amortisation.

1. BULLET REPAYMENT

For the duration of the loan (usually 12 months to 8 years) the borrower pays interest-only instalments. The principal is repaid in full at maturity ADVANTAGES:

Allows access to immediate liquidity. DISADVANTAGES
It is very expensive for the borrower to repay.

EXAMPLE OF BULLET REPAYMENT

10000€ capital loaned
TAN= 5% monthly interest= 0.05/12=0.004167
12 monthly instalments For the first 11 months €41.67 per month will be repaid (10000€ * 0.004167), at month number 12 €10000 (capital initially lent) + €41.47 will be repaid.

2. FRENCH-STYLE AMORTISATION

The instalment (interest + capital) is constant over time.
At the beginning of the loan, the instalments are made up of a higher interest rate, whereas towards the end of the loan the interest rate decreases and the principal rate increases.
In short: the interest payments are decreasing, the capital payments are increasing.

ADVANTAGES AND DISADVANTAGES FRENCH-STYLE AMORTISATION

ADVANTAGES: The borrower knows exactly how much he has to pay in and the number of instalments.
DISADVANTAGES: As time goes by, it becomes less and less worthwhile to pay off

Question 2

Dynamic Loan: what is it?

Accepted Answer

As you can see, we have implemented dynamic lending. The dynamism of this type of loan is due to three factors:

the capital is repaid by the companies (borrowers) dynamically according to their turnover (no predetermined repayment schedule);
the only cost for the company (return for the investors) is a pre-determined fixed value (no annual interest rate) which is also paid dynamically as the principal is repaid;
the dynamic loan has a final maturity where, if the monthly repayments have not been sufficient to repay capital + fees, the full amount due will be repaid by the financed company. The return for investors will therefore be proportional to the company's income: you will start from an agreed fixed minimum and this can be increased according to your performance. By how much? Here's the pleasant surprise: __the more promising the growth project in which we have chosen to invest, the higher our return will be.

Question 3

If I have invested in a project on the Marketplace, when will I receive payments?

Accepted Answer

You can find the expected payment dates for the projects you have invested in in the calendar in the Dashboard section of the website. Please note, however, that due to banking deadlines it is not unusual for a company to pay its investors a few days later than scheduled. For this reason, only a payment made more than five days after the date specified in the calendar is considered a genuine delay. After the five days have passed, the platform will remind the company concerned of the payment until it has settled its debt and will notify investors of the delay by e-mail.

Question 4

Project Scoring & Rating

Accepted Answer

At EvenFi, we are committed to ensuring transparent risk assessments to help our investors make informed decisions. The EvenFi rating system provides investors with an overview of the risk level of projects, ranging from low-risk (A+, A-, A) to high-risk projects (C, C-, D).

Types of Ratings: Internal and External

Depending on the project, EvenFi applies one of the following rating methodologies:

Internal Rating
Our internal rating methodology analyzes financial and qualitative parameters such as debt level, revenue, operational tenure, and employee count. We use audited and unaudited financial documents to determine the rating, including other factors like the operating sector and company-bank relationship. A higher rating (e.g., A+) is associated with a lower probability of default.

External Rating
Some projects are rated by an external rating provider, for instance, ModeFinance, supplied by the Project Originator. The external rating report is available within the project, offering investors an additional, unbiased perspective.

Update and Downgrade Criteria

Our rating system is dynamic and adaptable. In case of new information or events such as delays, liquidations, or restructurings, we apply specific downgrade rules:

Delay over 30 days: rating is downgraded to C-.
Delay over 90 days, voluntary or judicial liquidation: rating is set to D.
Restructured projects: rating is automatically lowered to C-.

CONFIDI Guarantees

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Question 5

Verify your profile

Accepted Answer

A "profile check" is mandatory in order to use the platform.

Once you have logged in for the first time, follow these steps:

Phone verification: you will have to enter the area code (+39 for Italy) and your mobile number; then click on "send verification code". You will receive a code via sms on your mobile phone which you have to enter on the website.

You will then have to fill in the fields 'profile', 'address' and 'identity'. For verification of the latter, please refer to the helpdesk section "Sending documents".

Question 6

Card deposit failed

Accepted Answer

There are many reasons why a card deposit fails. The reasons are usually the following Insufficient amount on the card 3ds is not active on the card; to solve this problem it is possible to activate it autonomously through home banking, if this is not possible call your bank's assistance requesting activation Monthly spending threshold exceeded

ATTENTION: difficulties have been reported in payments with cards issued by Poste Italiane and Ing Direct. If you find an error in the payment, you can proceed with the deposit by bank transfer, or use another card.

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