New Way Of Funding
Blend.ph Introduces A New Way Of Funding
We’re streamlining our investment process to make it easier for you, our dear investors. As we review the lending cycle on our platform, our team seeks ways to make the investment process quicker and easier to accomplish.
To our current and aspiring investors, take note of this new funding process that we will implement starting (date).
Say goodbye to the days of bidding for a loan and competing with other investors!
In our new way of funding, lenders that are seeking to fund loans will immediately receive a prompt to dictate the amount they seek to invest for our available fundable loans. They no longer have to bid on a lower interest rate and wait for the loan auction period to end. In our new process, the interest rate will be determined depending on the set risk type based on the assessment of our credit risk team.
Once the amount was set by the investor, the only change they can do is to add to their investment amount. This action is also limited up until the full loan amount is completed or up until the expiration date is reached.
The minimum amount that our investors can put in remains at PHP 5,000 and can be increased in increments of said amount.
Should the investor wish to pull out their funds, they can do so through clicking the cancel button within 24 hours of placing their investment or up until the full loan amount is funded. Once funding is completed, processing and disbursement are triggered, and we can no longer disrupt the process.
For clarity, please expect additional materials and resources in the coming days to help you get the hang of our new funding process.
We love to hear from you. Let us know the factors you want us to improve on to make Blend.ph the best. Please email your comments and suggestions at [email protected] and we’ll look into your concern.
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