Late repayments can occur, especially in short-term lending.
- If a payment is late, the investment is shown as overdue in your portfolio.
- Interest continues to accrue during the overdue period under the current investment terms.
- You receive principal plus the applicable interest for the investment period, including the overdue period.
- If the payment is delayed for more than 60 calendar days, the Buyback Obligation requires the relevant Loan Originator to repurchase the investment together with accrued interest in accordance with the Investment Agreement.
- The Buyback process is automatic; no action is required from the investor.
