Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PRE-ICO] LoanBit - P2P lending & investment
by
PinoyD
on 22/03/2018, 15:15:00 UTC
Is it true that in cases where the borrower does not return funds to its creditor, the LoanBit platform compensates the borrower for 75% of the lost funds?
Yes, it is stated in the white paper of the project. In fact, reduce the risks for the borrower, it is very convenient.
75% is maximum coverage, minimal is 20%