As soon as the loan is drawn down by the borrower, interest begins accumulating. The Borrower has 5 days to accept a loan offer when a transaction is fully funded.
We also have loans which are designated as ‘Instant Returns‘ loans. This means you will begin earning interest from the moment you start bidding on a loan. The platform will calculate how long you have been in a Borrower Request before it draws down and deposit the amount you have earned the day the loan draws down. You will then begin earning interest from the borrower in the normal way.