Why was only a principal payment credited to my account but no interest after a repayment has been made?
April 29, 2022
In rare cases, an investor may invest in a loan after its repayment date, while the repayment for the previous month has not yet been processed by Bondster. Therefore, the investor is not entitled to interest on the loan repayment made by the borrower before the date of their initial investment. From the perspective of crediting the repayment after the investment has been made and the principal due reduced, this constitutes a partial withdrawal from the assignment agreement and the investor is therefore refunded part of their investment according to the amount of principal held. For example: a repayment is due on the 20th day of each month. An investor makes their investment on 22 June 2017 but the information about the repayment gets processed on 24 June 2017. The investor is entitled to interest starting from the date of their investment (22 June 2017) and on.
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