Another piece of great news from TWINO to our investors, we are increasing the return for Russian loans from 10% to 14% p.a. Furthermore, the Russian loans with the Currency Exposure will be listed with even higher 16% p.a. We remind you that loans from Russia come with the BuyBack Guarantee and term of 1 to 2 months.
The rate change comes into effect already from tomorrow – 18.03.2020. and will be in effect until 31.03.2020.
Our borrowers are increasingly looking for extra capital, thus our sales are increasing in these uncertain economic times. Therefore, additional funding from your side would be helpful and we are willing to pay a higher interest rate for that.
TWINO’s Russian lending operations were launched back in 2013. Currently, we have two licensed loan originators that are among the market leaders in the non-bank consumer lending sector. Their monthly loan issuance is around €10 million with thousands of monthly active users. Our investors have funded nearly €200 million worth of loans from Russia since we started to list these loans at the very end of the year 2016.