Interesting development that I havent seen commented.
Lower rates - fixed term of a year - and greater security (?)
Personally Im very happy to have anew LO away from Auto and Personal loans. Helps the diversification and ergo risk management. Interesting to see that its a UK product in Euros so investors are protected from exchange rate fluctuations.
I will be happy to see the new LOs being more of the same...ie different to personal loans!
Putting Money where my mouth is - I took a 500€ investment in the 11% loans.
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