Two weeks into graded, fixed-rate loans...
On the 9th August we launched our first, graded, fixed-rate loans. The first two weeks of the system have been a success with some promising figures emerging.
On the auction-based system it took two weeks for a loan to close, now it only takes a matter of days, even hours.
Tanning Salon, a €25K, 12 month loan filled in just 1 hour 23 minutes. This was the quickest any loan has ever closed on the platform. A real sign of the speed and efficiency in which the new system operates at.
Below is an infographic that will sum up the first two weeks of the new system