Bondster originator Proper Selection Finance Company (RCFC) has launched a summer season cashback supply.
Bondster’s customers can earn one per cent cashback by investing in certainly one of RCFC’s loans on the European lending market, till the tip of August.
RCFC launched within the Philippines in 2016 and primarily points enterprise loans with a buyback assure. Customers can spend money on loans within the Philippines and Singapore. Its loans on the Bondster platform supply buyers a mean annual return of 16 per cent.
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Greater than Kč311m (£11m) of RCFC loans have been funded on the Bondster platform thus far. All RCFC investments supplied thus far on the platform have all the time been correctly repaid, together with curiosity and penalty charges, Bondster stated.
RCFC has been given an A- ranking by Bondster, which stated that the lender is in good monetary situation and has a robust potential to satisfy its obligations.
RCFC is a subsidiary of Singapore’s Proper Selection Capital.
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Bondster is headquartered within the Czech Republic and has greater than 12,000 buyers, who’ve invested over £60.7m for the reason that platform’s inception in 2017. Annual returns vary between eight and 15 per cent.