Funding Rules & Loan Outcomes

What happens when I accept the loan request?

When you accept the loan request (’Fund Loan’ button):

• You become a lender for that specific loan
• The amount you selected is committed and reserved
• The Funding Period for the loan begins

At this stage, funds are reserved but not yet disbursed, however, interest is already accrued.

What is the Funding Period?

The Funding Period is the time during which lenders can commit funds to a loan before it is disbursed.

During the Funding Period:

• Loan commitments are collected from lenders
• Funds are reserved and cannot be used for other loans or withdrawn
• Interest accrues

The Funding Period lasts for up to 7 business days.

What happens when the loan target is reached?

Once the required financial target for the loan is reached during the Funding Period:

• The Funding Period ends
• Funds are allocated to the loan purpose
• The loan is disbursed

What happens if the loan target is not reached?

If the required financial target is not reached by the end of the Funding Period:

• The loan request is cancelled
• All committed funds are returned
• Funds are returned to your available balance

No loan is created and interest accrued is annulated.

Can I transfer my loan to someone else?

No. Loan agreements are personal and cannot be transferred or assigned.