European peer-to-peer property lending platform Fintown has launched a brand new investor incentive scheme, known as the VIP Membership.
Traders who put €10,000 (£8,500) or extra into the platform are immediately eligible for the VIP Membership privileges.
“That is tailor-made to reward our devoted buyers by offering them with a possibility to extend their returns when investing by way of Fintown,” the platform stated.
“The VIP Membership presents its members the prospect to accrue an extra curiosity of as much as one per cent on their complete invested quantity, regardless of the tasks they put money into.”
Learn extra: Fintown launches new improvement product
For investments in Fintown tasks amounting between €10,000 and €29,999, members can acquire an extra 0.5 per cent every year of curiosity on their whole invested sum.
For these whose investments exceed €30,000, a bonus curiosity of 1 per cent every year on the whole invested quantity shall be awarded.
Learn extra: Property buyers planning to bolster portfolios
After a 12 months, buyers can select to reinvest or withdraw any bonuses earned beneath the brand new initiative.
So long as the funding stays above €10,000 after a 12 months, bonuses will proceed to be accrued and could be withdrawn at any time.
If an investor’s stability falls between €10,000 and €29,999 as a result of a partial withdrawal from an preliminary quantity of €30,000 or extra, the bonus rate of interest shall be decreased from one per cent to 0.5 per cent.
If post-withdrawal, an investor’s stability falls under €10,000, their exercise shall be paused within the VIP Membership, and the related earnings shall be terminated.
Learn extra: LendInvest outlines untapped potential of residential property debt