Loan 1435563-01 - Invoice Financing China

Loan Details

Loan Type Invoice Financing
Loan Amount € 848 000.00
Remaining Principal € 0.00
Effective APR charged to borrowers -
Interest Rate 8.0%
Initial LTV -
Initial Term 3 m. 28 d.
Remaining Term 6 m. 1 d.
Amortization Method Bullet
Listing Date 25.08.2017
Date of Issue 24.08.2017
Closing Date 22.12.2017
Status Finished prematurely
Loan Originator PangMaoBao
Advance Rate 0%

This loan comes with a buyback guarantee. PangMaoBao will buy back the loan from investors if it becomes 60 or more days delinquent.

  • Borrower and Collateral
  • Payment Schedule
  • Investment Breakdown
  • Borrower and Collateral Details

    Loan PurposeWorking capital
    Business sectorelectronic retail
    DescriptionNO NDA is an American electronic product manufacturer and retailer which provides smart solutions that makes daily life easier for everyone, their products including smart car mount, smart car charger, smart key finder and so on. The loans of NO NDA are account receivable from NO NDA and its purchaser, like Amazon, Ingram Germany, Ingram Australia, Bestbuy Canada and others.
    Risk category Low
    Personal guarantee YES
    Country China
  • DatePrincipal Interest TotalPayment ReceivedPayment DateStatus
    22.12.2017 € 848 000.00 € 22 424.89 € 870 424.89 Late
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