Planet 42

AM

• 20/01/2023 21:14

Hello, in Planet 42 detail information, it is mentioned that Planet 42 provides interest income on delayed payments. Yet, in individual Planet 42 loans it says: Interest on late payments: No.

Mintos can you clarify please?

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  Lucja (Mintos)

  Community moderator

  • 25/01/2023 13:44

  Hi AM
  
  It looks like a mistake, please advise the specific loan, so we can investigate it.
  
  

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  DRIVE APS

  • 27/01/2023 15:21

  Could you please up-dat us all with tour findings.

  Thanks.

   

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  AM

  • 30/01/2023 20:34

  Hi Lucja (Mintos),

  I am not sure what else you need. All available Planet 42 loans are marked as 

  Interest on late payments No

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  Lucja (Mintos)

  Community moderator

  • 1/02/2023 09:51

  Hi AM,
  
  You are right, this information is displayed incorrectly. The interest on late payments should be the same as the regular one. This is also shown in the terms of each note. We are already working on updating this information accordingly. Thank you for spotting that and letting us know! Here is the example: https://www.mintos.com/en/set-of-notes/LVX000057UW2
  
  

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  AM

  • 17/06/2023 12:06

  The same problem appears with IDF Eurasia:

  The set of notes page, like this one, appears as providing interest on late payments, although on the company's page, it is mentioned that no interest is accrued for late payments. So, which is it?

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  Lucja (Mintos)

  Community moderator

  • 21/06/2023 13:30

  AM
   
  Thank you for your question. IDF Eurasia is paying interest on late payments.

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