FAQs Archive – BLender Loans Between People https://info.blender.loans/ie/how-it-works/faq/ BLender Loans Between People Thu, 09 Nov 2023 11:44:15 +0000 en-GB hourly 1 How do I transfer the money that I want to lend? https://info.blender.loans/ie/how-it-works/faq/how-do-i-transfer-the-money-that-i-want-to-lend-en/ Tue, 07 Nov 2023 10:04:14 +0000 https://info.blender.loans/?post_type=helpie_faq&p=6924 The money that you choose to lend through BLender is transferred to a designated account. Therefore, you must perform a bank transfer.

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]]> The money that you choose to lend through BLender is transferred to a designated account. Therefore, you must perform a bank transfer.

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]]> How do I lend money? https://info.blender.loans/ie/how-it-works/faq/how-do-i-lend-money-en/ Tue, 07 Nov 2023 10:06:25 +0000 https://info.blender.loans/?post_type=helpie_faq&p=6920 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.

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]]> 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.

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]]> How can I check the status of my loan portfolio? https://info.blender.loans/ie/how-it-works/faq/how-can-i-check-the-status-of-my-loan-portfolio-en/ Tue, 07 Nov 2023 10:09:59 +0000 https://info.blender.loans/?post_type=helpie_faq&p=6916 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.

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]]> 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.

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]]> How do I deactivate the Frequent Lender Track? https://info.blender.loans/ie/how-it-works/faq/how-do-i-deactivate-the-frequent-lender-track-en/ Tue, 07 Nov 2023 10:32:59 +0000 https://info.blender.loans/?post_type=helpie_faq&p=6912 To deactivate the Frequent Lender Track, you must cancel the automatic direct deposit from your bank.

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]]> To deactivate the Frequent Lender Track, you must cancel the automatic direct deposit from your bank.

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]]> How is the interest rate on the loan determined? https://info.blender.loans/ie/how-it-works/faq/how-is-the-interest-rate-on-the-loan-determined-en/ Tue, 07 Nov 2023 10:11:40 +0000 https://info.blender.loans/?post_type=helpie_faq&p=6908 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 […]

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]]> 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.

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]]> Do I have to pay to be able to lend money? https://info.blender.loans/ie/how-it-works/faq/do-i-have-to-pay-to-be-able-to-lend-money-en/ Tue, 07 Nov 2023 10:03:25 +0000 https://info.blender.loans/?post_type=helpie_faq&p=6904 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).

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]]> 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).

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]]> Can I lend out the money that I receive in loan payments? https://info.blender.loans/ie/how-it-works/faq/can-i-lend-out-the-money-that-i-receive-in-loan-payments-en/ Tue, 07 Nov 2023 10:12:16 +0000 https://info.blender.loans/?post_type=helpie_faq&p=6900 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.

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]]> 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.

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]]> How can I get back the money I lent? https://info.blender.loans/ie/how-it-works/faq/how-can-i-get-back-the-money-i-lent/ Tue, 07 Nov 2023 10:14:23 +0000 https://info.blender.loans/?post_type=helpie_faq&p=6896 You can sell the loan through ReBlend.

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]]> You can sell the loan through ReBlend.

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]]> Will I know whom I am lending to? https://info.blender.loans/ie/how-it-works/faq/will-i-know-whom-i-am-lending-to-en/ Tue, 07 Nov 2023 10:15:27 +0000 https://info.blender.loans/?post_type=helpie_faq&p=6892 No. We make a point of safeguarding the anonymity of all BLender users, lenders and borrowers alike.

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]]> No. We make a point of safeguarding the anonymity of all BLender users, lenders and borrowers alike.

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]]> Can I change the duration of a loan? https://info.blender.loans/ie/how-it-works/faq/can-i-change-the-duration-of-a-loan-en/ Tue, 07 Nov 2023 10:16:55 +0000 https://info.blender.loans/?post_type=helpie_faq&p=6888 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.

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]]> 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.

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