Proplend has structured its fees to align interests with the investors on its platform.
The platform charges a ‘Lender Fee’ equal to 10% of the gross interest that investors receive, and the fees are paid monthly or quarterly, according to when interest is paid.
An investment of £10,000 at 7.5% pa gross interest would result in a monthly interest payment of £62.50.
The 10% fee of £6.25 would be debited after the monthly loan interest payment has been made.
The fee would result in the equivalent of a 0.75% annual charge on funds invested.
Proplend Loan Exchange (PLE)
When selling on the PLE, the seller pays a 0.5% ‘Novation Fee’ on the original loan amount, upon successful sale. All loans must be sold as whole loan parts.