The money that you choose to lend through BLender is transferred to a designated account. Therefore, you must perform a bank transfer.
The money that you choose to lend through BLender is transferred to a designated account. Therefore, you must perform a bank transfer.
It’s simple: Choose how much money you want to lend (use the Lending Simulator) and click “Create Portfolio.” BLender does the work for you and comes up with a portfolio made up of a variety of loan segments in order to maximize the return on your money and minimize the risk.
BLender is proud to offer complete transparency. You can check the status of your account on our website on the “Lender Administration” page (see a sample) at any time.
To deactivate the Frequent Lender Track, you must cancel the automatic direct deposit from your bank.
Each borrower goes through a strict, thorough and multilayer screening process through BLender’s system. At the end, the system sets the minimum interest rate for which each borrower is approved. The borrower sets the maximum interest rate he/she is willing to pay on the loan, and the loan is then offered on BLender’s loan market along with other loans. The DirectMatchTM system creates the optimal loan portfolio with the greatest returns for you and widest distribution.
No. The money that you choose to lend will be transferred to the borrowers who meet the criteria and to the SafeGuard fund that protects you. We collect management fees from the borrowers’ monthly payments. (For more information, see the fee schedule).
Yes. As soon as the right loan arrangements for you are found, you will begin to receive fixed monthly payments consisting of the principal and interest. You may then choose to lend the funds out again or transfer them to your own account.
You can sell the loan through ReBlend.
No. We make a point of safeguarding the anonymity of all BLender users, lenders and borrowers alike.
No, the borrower is the only one who can shorten the duration of the loan. However, if you want to get your money back before the maturity date, you can sell the loan through ReBlend.