Default

 

A loan is in default when the borrower is past the contractual payment due date by more than 180 days (approx. 6 calendar months).

 

 

A loan is in default when it is 180 days past a missed payment (in line with the FCA), with this payment still outstanding. This may be a monthly servicing payment or the full repayment at the end of the term.

 

Kuflink loan management team will begin to take action the moment a loan becomes overdue (1 day past).

 

You will continue to be paid interest until the loan is repaid.

In the event of a repayment shortfall, the order of payment priority will be capital first.  Then, all interest due back to investors will be paid proportionally.

 

*Capital is at risk and Kuflink is not protected by the FSCS. Past returns should not be used as a guide to future performance.