SteveT
Member of DD Central
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Post by SteveT on Mar 16, 2016 9:32:30 GMT
Sorry one more thing. I can't see any reference as to when interest is paid, is it paid as soon as you invest or after the loan is drawn down? Interest is paid after each month the loan has been running (ending with the final repayment date). You start accruing interest as soon as you invest (the loans are already funded by MT)
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goopy
Member of DD Central
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Post by goopy on Mar 16, 2016 9:34:28 GMT
Sorry one more thing. I can't see any reference as to when interest is paid, is it paid as soon as you invest or after the loan is drawn down? Interest is paid after each month the loan has been running (ending with the final repayment date). You start accruing interest as soon as you invest (the loans are already funded by MT) Thanks for that stevet.... 
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spyrogyra
Member of DD Central
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Post by spyrogyra on Mar 18, 2016 11:09:19 GMT
Does interest still accrue if I put a loan part for sale or the interest stops similarly to SS?
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Post by MoneyThing on Mar 18, 2016 11:16:23 GMT
Does interest still accrue if I put a loan part for sale or the interest stops similarly to SS? Morning. Lenders will continue to accrue interest on their 'for sale' parts (which is then credited on the monthly loan anniversary). Kind regards, Ed.
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spyrogyra
Member of DD Central
Posts: 386
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Post by spyrogyra on Mar 18, 2016 11:23:10 GMT
Thanks for the quick reply.
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Post by duncandive on Mar 18, 2016 20:29:55 GMT
Just put up a few little bits on some car loans..
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Post by flobberchops on Mar 26, 2016 17:06:03 GMT
Evening everyone. New to the forum, to MT, and in fact to P2P in general. Signed up to MT yesterday with the minimum £100 which I split between two loans. Looking forward to seeing how it all pans out and learning a bit |
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brin
I am trying to stay calm.
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Post by brin on Mar 26, 2016 17:10:22 GMT
Evening everyone. New to the forum, to MT, and in fact to P2P in general. Signed up to MT yesterday with the minimum £100 which I split between two loans. Looking forward to seeing how it all pans out and learning a bit Hi Flobberchops, like your name, reminds me of our 2 frenchies...
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
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Post by j on Mar 28, 2016 23:49:33 GMT
Quite a few bits & pieces available on SM. Managed to diversify into some of the older loans I haven't got but, you'll need to hurry up as not much left
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ben
Posts: 2,020
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Post by ben on Mar 29, 2016 0:16:55 GMT
guess people are getting ready for the bonus
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treeman
Member of DD Central
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Post by treeman on Mar 29, 2016 11:32:12 GMT
guess people are getting ready for the bonus Indeed - SM is loaded now. Been a while since there's been so much yellow on the screen
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Jeepers
Member of DD Central
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Post by Jeepers on Mar 29, 2016 11:45:46 GMT
Sorry for asking what may seem an obvious question... I'm new to MT.
Can proportions of loan parts be sold or does the whole part have to be sold? Do you have to wait for the whole part to sell before cashing out?
Is interest paid up until the point the part has sold and been credited or does it stop accusing as soon as the loan is put up for sale?
Thanks in advance!
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Mar 29, 2016 11:48:21 GMT
guess people are getting ready for the bonus Indeed - SM is loaded now. Been a while since there's been so much yellow on the screenHere's a bit more!  Attachments:
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pom
Member of DD Central
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Post by pom on Mar 29, 2016 11:51:01 GMT
Sorry for asking what may seem an obvious question... I'm new to MT. Can proportions of loan parts be sold or does the whole part have to be sold? Do you have to wait for the whole part to sell before cashing out? Is interest paid up until the point the part has sold and been credited or does it stop accusing as soon as the loan is put up for sale? Thanks in advance! Nope you don't have to wait and yep it keeps accruing
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Post by MoneyThing on Mar 29, 2016 11:55:46 GMT
Sorry for asking what may seem an obvious question... I'm new to MT. Can proportions of loan parts be sold or does the whole part have to be sold? Do you have to wait for the whole part to sell before cashing out? Is interest paid up until the point the part has sold and been credited or does it stop accusing as soon as the loan is put up for sale? Thanks in advance! Afternoon. In addition to Pom's reply, I can also confirm that you can choose to sell a proportion of your loan holding. Regards, Ed.
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