IMPROVED LOAN QUALITY BEHIND HIGHER INTEREST RATES

Go back Wed, 2020-03-25

“ From its very beginning in 2016 Lenndy has been investing all its energy and potential into pursuing its mission: to turn Lenndy into an attractive investment tool and to build and maintain business partnerships based on trust and common values. The rapid spread of COVID19 caused instability and turmoil in the markets; however, now more than ever before Lenndy team is united and determined to overcome all the obstacles and offer good lending opportunities to small and medium businesses. Reacting to the most recent changes in the markets and driven by the desire to help maintain businesses and be able to offer quality services, Lenndy together with its loan originators have decided to raise interest to all Lenndy loans “ - explains Lenndy CEO Donatas Šatkauskas.

 

RISK ASSESSMENT AND MANAGEMENT

Currently loan originators are  issuing  loans as they normally would and the changes in the markets triggered by the spread of COVID19 is a normal cycle in economy. It is absolutely normal that higher level of  risk results in higher return rate.  Lenndy is ready to employ all its accumulated experience to ensure that lending is safe, transparent and equally fair to both loan originators and investors. Lenndy platform has operated for over 4 years, however, we are proud to have professionals whose experience in lending and risk assessment is by far more extended. Therefore, we are certain that at Lenndy risks will be assessed and managed professionally which will ensure smooth lending processes.

We Invite investors to assess the situation in the markets applying long term perspective taking advantage of earning bigger interest from loan claims.

 

CHANGES IN INTEREST RATES

Originator Loan type    1-12 months       13-24 months       25-36 months       37-48 months       49-60 months   
   Personal loans    13% 14% 15% - -
           Personal loans    13% 14% 15% 15% 15%
     Business loans    13% 15% 15% 16% 16%
     Car loans    13% 14% 14% 15% 15%
     Mortgage loans    13% 14% 14% 15% 15%
     Invoice financing    13% - - - -
   Invoice financing    13% - - - -