When does the interest start accruing for investors?
Interest for investors begins accruing 5 days after the moment the funds of the loan are disbursed to the company. Let's break down the process:
Posting on the platform: The project is listed on the platform for investors to review and consider.
Fully subscribed by investors: Once the project has received sufficient investments from the crowd, it is considered fully subscribed.
Cancellation period: After the project is fully subscribed, a four-day period begins. During this time, investors have the option to cancel their investment and have their funds returned.
Execution of contracts: After the four-day cancellation period, contracts are finalized between the investors and the company.
Disbursement of loan: Following the execution of contracts, the loan funds are disbursed to the company for the project.
Start of interest accrual: Interest for investors begins accruing from the moment the loan funds are disbursed to the company, marking the official start of the investment period.
It's important to note that the interest accrual starts only 5 days after the moment after the funds have been disbursed and not during the posting or subscription phases of the project.
The reason for the initial five days time after the execution of the contract is explained by the way the Direct Debit work that take between 5 to 10 days for funds to get into the platform (although the money goes out from the Company / Borrower account before that).
Importante to highligh that, the simulator of each project shows, before the project is executed (funds disbursed), an estimated payment schedule. Once the contracts are fully signed and money sent to Borrower, simulator will be updated with the exact payment dates.
If you have any further questions about the investment process, feel free to reach out to our support team for assistance.
Posting on the platform: The project is listed on the platform for investors to review and consider.
Fully subscribed by investors: Once the project has received sufficient investments from the crowd, it is considered fully subscribed.
Cancellation period: After the project is fully subscribed, a four-day period begins. During this time, investors have the option to cancel their investment and have their funds returned.
Execution of contracts: After the four-day cancellation period, contracts are finalized between the investors and the company.
Disbursement of loan: Following the execution of contracts, the loan funds are disbursed to the company for the project.
Start of interest accrual: Interest for investors begins accruing from the moment the loan funds are disbursed to the company, marking the official start of the investment period.
It's important to note that the interest accrual starts only 5 days after the moment after the funds have been disbursed and not during the posting or subscription phases of the project.
The reason for the initial five days time after the execution of the contract is explained by the way the Direct Debit work that take between 5 to 10 days for funds to get into the platform (although the money goes out from the Company / Borrower account before that).
Importante to highligh that, the simulator of each project shows, before the project is executed (funds disbursed), an estimated payment schedule. Once the contracts are fully signed and money sent to Borrower, simulator will be updated with the exact payment dates.
If you have any further questions about the investment process, feel free to reach out to our support team for assistance.
Updated on: 18/04/2024
Thank you!