Peer to Peer Lending

Harmoney increases borrowers' interest rates

Thursday 7th of January 2016

It decides on an appropriate interest rate based on borrowers’ credit risk. Rates range from 9.99% for the best-rated borrowers, through to 39.99% for those deemed the highest risk.

But now it has tweaked a number of the rates it charges borrowers ranked in grades from C down.

C1 borrowers will now pay 18.52%, up from 17.15%. D1 borrowers will pay 24.41%, up from 20.59%, E1 will p...

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