Last week Kuflink added a secondary market to their platform, allowing investors to buy and sell existing loans. Giving more details on how it works, Kuflink said:
Read more “Kuflink Adds a Secondary Market”
Lenders can list most loan parts on the market, although some restrictions apply – loans in default or less than a month from their redemption date are not eligible, for example. Loan parts must be sold for par value.
The platform will charge a nominal 0.25% administration fee to the seller, whereas the market is free to use for buyers.From the Kuflink Press Release