PeerBerry war-affected mortgage repayments hit €34.8m


European peer-to-peer lending market PeerBerry has repaid one other €1.7m (£1.5m) of war-affected loans, bringing the overall quantity recovered to €34.8m.

The aggregator has been working to repay all loans which could possibly be affected by the Russian invasion of Ukraine, for the reason that battle started in February 2022.

Learn extra: PeerBerry funds €55.3m of loans in February

Underneath PeerBerry’s group assure mechanism, it has now repaid 69.3 per cent of the overall war-affected obligations in the direction of PeerBerry traders.

The AutoMoney UA and Slon Credit score UA long-term loans are being repaid underneath the preliminary mortgage schedule. The final funds of those loans are being repaid with the accrued curiosity.

In the meantime, a few of the war-affected long-term loans (lengthy, enterprise, actual property, leasing) are repaid in full already.

Learn extra: PeerBerry to cut back rates of interest

Buyers can see the progress of repayments of war-affected loans (the overall repaid quantity, the quantity of remaining war-affected obligations, and repayments by separate lenders or teams) on the platform’s ‘statistics’ web page. Data is about at some point behind.

The repayments of war-affected loans are scheduled to happen month-to-month, in the course of the month.

Learn extra: PeerBerry updates auto-invest perform and app


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