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Post by ladywhitenap on Nov 15, 2014 13:49:50 GMT
In the current market place page for a certain vehicle hire/leasing business, the loan is shown as 100% filled but the total offered is nearly 10% greater that the amount requested. How can this be? Should not the highest interest rate bids over and above the amount requested have been deleted as "outbid"?
Thanks
LW
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Post by danraj on Nov 17, 2014 0:50:26 GMT
You can still bid to lend on a loan that is 100% funded, it will simply outbid other lenders. So the total offered can exceed the funding requirement, the borrower will choose to borrow the funding requirement from the lenders offering the lowest rate.
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