The Lending Phase
This phase starts with approval of the loan by The Borrower. Once this happens, interest will begin to accrue and the Borrower may withdraw the principal of the loan.
During the Lending Phase, Investors may only withdraw funds by initiating a withdrawal request.
The Payers make their payments to the Vault in accordance with the agreed schedule.
The Borrower may, at specified times in a transaction with numerous regular payments to the Investors, withdraw excess cash paid into the Vault by Payers not required to meet the payment obligations of the Borrower.
Last updated