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FAQ Category: Lenders FAQ

What is peer to peer lending?

15/12/2017

What is peer to peer lending?

Peer to peer lending is also abbreviated as ‘P2P lending’ or ‘crowdlending’. This phrase is used as an all encompassing phrase for the.

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My AER calculated against IRR and XIRR don’t agree. Why is this?

02/08/2017

My AER calculated against IRR and XIRR don’t agree. Why is this?

Chances are that if you check our calculation against IRR or XIRR there will be a difference. Our calculation uses a full discounting.

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What is the difference between an amortising loan and an interest only loan?

02/08/2017

What is the difference between an amortising loan and an interest only loan?

An amortising loan is like a traditional repayment mortgage where the borrower pays a constant amount over the life of the loan. The.

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Who is eligible to become a lending member?

02/08/2017

Who is eligible to become a lending member?

To become a Lending Member you must; (a) be an individual, LLP, limited company or public body; (b) be over 18 years old;.

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What level of returns can I expect?

02/08/2017

What level of returns can I expect?

The returns on Ablrate are set by the borrower and reviewed and approved by Ablrate, however it is you, the Lending Member, that.

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Legal Status of Loans

02/08/2017

Legal Status of Loans

When a Borrower makes a Borrowing Request, they are requesting bids from a single Lending Member or Multiple Lending Members to lend money.

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What do ‘Scheduled Borrowing Request’ and ‘Pledge’ mean?

02/08/2017

What do ‘Scheduled Borrowing Request’ and ‘Pledge’ mean?

A Scheduled Borrowing Request’ is a borrowing request that has a marketing date in the future. It is essentially a borrowing request that.

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What if I have second thoughts about being a member?

02/08/2017

What if I have second thoughts about being a member?

You may not withdraw from any bid you have made, however you can withdraw un-pledged funds at any time. You may request a.

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What would happen if Ablrate ceases business?

02/08/2017

What would happen if Ablrate ceases business?

Our regulator, the Financial Conduct Authority, require all financial institutions to have a plan for orderly wind down should a regulated business cease.

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Are there any fees?

02/08/2017

Are there any fees?

There are no fees to register on the platform or to continue to be a member of Ablrate. There is no fee associated.

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How does Ablrate prevent fraud?

02/08/2017

How does Ablrate prevent fraud?

We verify all members in the UK through our online partner ‘ID3Global’. This system checks addresses, identification and a number of other verification.

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What are the estimated default rates?

02/08/2017

What are the estimated default rates?

The estimated default rate is our estimate of the percentage of loans made on our Platform that would fail and the capital and.

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Instant Returns

02/08/2017

Instant Returns

The Instant Returns feature is unique to Ablrate and was introduced by Ablrate to solve the issue of lost returns while the loan.

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Is Ablrate regulated by the FCA?

02/08/2017

Is Ablrate regulated by the FCA?

Ablrate.com is the trading name of Aviation and Tech Capital Limited who are authorised and regulated by the Financial Conduct Authority (Firm Reference.

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Interest payment is due today, why is it not showing in my account?

02/08/2017

Interest payment is due today, why is it not showing in my account?

If a payment is not showing in your account it can be for three reasons: 1. Subject to receiving the payment from the.

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How do you protect your asset if a borrower is overseas?

02/08/2017

How do you protect your asset if a borrower is overseas?

We are very careful of the jurisdictions in which we allow transaction to be placed on the system. Property and capital equipment will.

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Is there a minimum/maximum lend?

02/08/2017

Is there a minimum/maximum lend?

The minimum loan on the platform is £1 and there is no maximum. For larger investments on the platform (over £20,000) we may.

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How long does it take to start earning interest?

02/08/2017

How long does it take to start earning interest?

As soon as the loan is drawn down by the borrower, interest begins accumulating. The Borrower has 5 days to accept a loan.

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How do you handle my funds when it is on account?

02/08/2017

How do you handle my funds when it is on account?

Your funds are held in a segregated client account the ‘Ablrate Client Account’. ‘Segregated’ means that your money does not form part of.

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How do you assess your borrowers?

02/08/2017

How do you assess your borrowers?

When assessing a Borrowers application we take into account a number of factors. These can be from information we have learned from credit.

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How do you withdraw money from an Ablrate account?

02/08/2017

How do you withdraw money from an Ablrate account?

When you log into your dashboard you will see on your dashboard page the buttons that take you to the withdrawal and deposit.

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How do I receive my interest payments?

02/08/2017

How do I receive my interest payments?

Interest is credited to your Ablrate account each month and accumulated in that account. You may use the withdrawal facility on the site.

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How can I become a lender?

02/08/2017

How can I become a lender?

As a lender you will need to register on the Platform and be verified by our system. Once verified you can deposit funds.

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How to deposit funds

02/08/2017

How to deposit funds

You can deposit funds by bank transfer or via a debit card. Debit card deposits are automatically credited to the system, a bank.

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How to close your account

02/08/2017

How to close your account

You can close your account by contacting us. You may not close your account if you have any outstanding loans as a Borrower.

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How to change your contact details

02/08/2017

How to change your contact details

You can change your contact details by contacting us. When you register and account we will verify your details, if these are to.

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How are loan rates set?

02/08/2017

How are loan rates set?

All Borrowing Requests on Ablrate, when fully filled and documents completed, become individual loans for fixed rate loans paying interest only or paying.

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Are there any automation tools available?

02/08/2017

Are there any automation tools available?

We are currently operating without automation tools on our Platform. We are working on these tools presently. These tools will allow you to.

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Ablrate Customer Relations Team

02/08/2017

Ablrate Customer Relations Team

Our offices at Badgemore Park in Henley-on-Thames, is where our dedicated Customer Services Team are based, headed up by our Customer Services Director,.

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Which currencies do you accept?

02/08/2017

Which currencies do you accept?

All loans on Ablrate UK are in UK Pound Sterling, if you send any other currency to our account it will be converted.

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Can I download my Tax Statement from my account?

02/08/2017

Can I download my Tax Statement from my account?

Yes, you can download your own data from your ‘Account Dashboard’ Please see below a step by step guide on how to download.

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Lending Options via SIPP/ISA/SASS

02/08/2017

Lending Options via SIPP/ISA/SASS

Ablrate is able able to offer SIPP accounts through Morgan Lloyd. We are one of only 9 approved peer lending platforms. Morgan Lloyd.

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How can I change my username and password?

02/08/2017

How can I change my username and password?

You can change your password by using the ‘forgot password’ link or by logging into your dashboard and selecting the ‘Change Password’ button..

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Is it possible to cancel a bid?

02/08/2017

Is it possible to cancel a bid?

No, once a bid is made it is final. We do this because it would be very hard to close a transaction if.

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Can I buy an existing loan?

02/08/2017

Can I buy an existing loan?

Yes you can. Although we use the terms ‘Buy’, ‘Sell, ‘ Bid’ and ‘Offer’ technically you will be replacing a lender with a.

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What does AER mean?

26/07/2017

What does AER mean?

The AER is the “Annual Equivalent Rate”. It allows you to compare our loans against other products, such as savings accounts, although you.

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How is interest calculated?

26/07/2017

How is interest calculated?

Loan on Ablrate are individual loans made by Lending Members to the Borrower with Ablrate acting as the Platform bringing those two together..

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What level of accuracy are you calculating to?

26/07/2017

What level of accuracy are you calculating to?

Cash Flows All calculations are performed and rounded to six decimal places and then displayed to you rounded to two decimal places. This.

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Becoming a Lender on Ablrate

03/07/2017

Becoming a Lender on Ablrate

Ablrate was born out of the need to have a place where we could list our asset backed transactions and bring those together.

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Can I access my money before the end of a loan term?

03/07/2017

Can I access my money before the end of a loan term?

You cannot cancel any bids or any loans you hold, however, in our Secondary Market you have the opportunity to list the loan.

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Can I be anonymous when using the site?

03/07/2017

Can I be anonymous when using the site?

To view information about loans on the platform you must register as a verified Lending Member, either a Corporate Lending Member or a.

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