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Home / Advisers, Community News, Lenders / Changes to the ...

Changes to the Micro Loan Market and Fee Structure

9th Aug 2013
Nick Moules
From Monday 12 August at, holders of micro loans on rebuildingsociety.com will be given greater choice of the rates at which they can buy and sell micro loans as the parameters will be widened to offer a 5% premium and 5% discount option. At the same time, the fee for trading micro loans will increase from 0.25% to 0.5%. The management team decided against introducing an annual account management fee or a flat joining fee for lenders and this was considered to be the fairest way of introducing a modest rise to meet costs as the business prepares for regulation. It will also finance increased marketing of the micro loan market to new lenders, further improving liquidity.

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