What happened with this loan – Funds Returned?

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  • SamJames #6118

    My loan parts were returned shortly after this loan was funded. What’s happened here?

    leotyndall #6119


    There is no prepayment penalties and borrowers can repay at any time. In the case of this loan, it is the case the borrower has been approved for a much higher limit by the insurer and they are seeking to use that facility in the near future but choose to pay out this facility in the meantime.

    We will keep you updated.


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