The loan will be sold as soon as another lender buys it.
The loan will be sold as soon as another lender buys it.
Yes. At the time of the sale, the seller will be credited for the SafeGuard fund balance.
For example:
Original loan – €1,200
SafeGuard fund allocation – €24
Total loan principal paid back up until date of sale – €200
The sales price of the loan through ReBlend equals the balance of the principal of the loan – €1,000.
The credit for the SafeGuard fund balance is €20 and is proportionate to the ratio of the balance of the loan principal to the original loan: (1,000/1,200 * 24 = 20).
BLender strictly and thoroughly screens individuals based on personal and social profiles, among others, and, of course, consideration of their financial standing using complex and sophisticated algorithms and technology.
BLender is completely legal. We aren’t part of the “gray market”, and we don’t hide anything – we make everything clear and transparent. You can see who is behind BLender, and everything is conducted transparently and safely – for us, for the borrowers and for the lenders.
BLender operates as an agent of an Electronic Money Institution established within the European Union – UAB BLender Lithuania – through which it offers its users the use and management of payment accounts, and perform all the necessary actions.
The BLender – Loans between people app is available for download from the App Store and Google Play.
No. Only private individuals – not financial professionals—may take loans through BLender. Therefore, there are no taxes on loans. If you are a financial professional, unfortunately we cannot offer you a loan at this time.
Once the auction for the loan begins, you cannot change the terms. Just as, once a lender makes an offer to finance your loan, he/she cannot change the terms of the offer. That way, both sides can be confident that the terms of the loan won’t change throughout the auction.
The loan comes from people who want to earn an attractive return on their liquid funds. Behind every loan there are, for the most part, a number of lenders—private individuals, companies and corporations—whose money is distributed in an optimal way to minimize the risk.
The term is also known worldwide as “peer-to-peer lending,” social lending utilizes a safe, transparent and user-friendly online platform to connect people looking to earn attractive yields on their money and those looking to get a quick loan with favorable terms. People to people, that’s the idea.
No, BLender does not operate like a bank in any way. We don’t manage accounts, nor do we hold users’ money. We simply offer a platform that connects people who want to earn an attractive return on their money and people who are looking for a quick loan with fair terms.