In September 2020, EvenFi introduced the secondary market: the user has the possibility to sell a loan he had previously contracted in order to obtain immediate liquidity on the platform's balance. On the opposite side, the buyer can decide to buy a loan that he did not have in his portfolio for various reasons (e.g. to increase diversification).
At the moment there are only bullet loans on the secondary market, in the future also amortising projects.

BUYING A LOAN ON THE SECONDARY MARKET

To buy a loan on the secondary market, follow the steps below:

Log in to EvenFi
In the top bar select "secondary market".
You will see a list of loans under "buy loans".
Choose the loan you want to buy by clicking on "details".
A window will automatically open where you can decide to buy the loan or cancel the transaction

SELL A LOAN ON THE SECONDARY MARKET
To sell a loan on the secondary market follow the steps below:
Log in to EvenFi
In the top bar select "secondary market".
Under "sell loans" you will find all the loans you own
Click on "sell" and a window will open up where you can decide on the "sale amount" and the "sale price"; once you have decided on these amounts click on "sell loan"
N.B: The seller decides the sale price within a range set by EvenFi. He cannot sell it at a loss (sale price + interest accrued up to that moment must be equal to the purchase price) and he cannot sell it at a price too high for which the YTM is 0
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