A buyback guarantee is a guarantee issued by the loan originator to the investor for a particular loan, that confirms the loan originator will repurchase the loan from the investor if that particular loan is delayed by more than 60 days. The buyback guarantee is given at an individual loan level and is marked by a shield. If a loan with a buyback guarantee is delayed by more than 60 days, the loan is automatically bought back by the loan originator from the investor at the nominal value of the outstanding principal, plus accrued interest income.
Articles in this section
- How do I invest?
- How is interest calculated?
- How is interest divided between the seller and buyer of a loan on the Secondary Market?
- What is skin in the game?
- How do I make money from my investments?
- What is the secondary market?
- How liquid is the secondary market?
- What is the premium/discount in the secondary market?
- Can I cancel my investment?
- What risks are associated with investing through Mintos?