What were the rates for the loans?
Discussion
Depending on the amount and duration, the annualized interest rate ranges from 9% to 15%.
However, keep in mind that the interest rate is entirely dependent on the duration—9% applies for a full year, while just one month would yield only 0.75%.
These rates will change with the PHASE 2 and will be market driven.
Thanks! Soon as the rates get more and more competitive I think this market can really explode.