zmt #4415

The Key Information says QBE will cover up to 90% of the loan amount. To clarify, does this mean that a default would lead to a capital loss of up to 10% for lenders? For example, hypothetically if the company could repay $100K of the $200K owing at maturity, QBE would take the assets and repay $180K to the lenders? Thanks.

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Admin Fee User #4418

No this would not occur, as we only fund up to 90% of the loan. So the cover is 100%

Thank you

Marketlend

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