Buyback Guarantee

What is the meaning of Buyback Guarantee and how does it work on Lonvest?
Written by Kate from Lonvest
Updated 2 months ago

Every loan available on Lonvest is backed up by a buyback guarantee, which means that the loan originators are obligated to repurchase the loan in case the borrower is delayed with their payments for more than 60 days.

To ensure that our investors' money is well protected, Lonvest evaluates loan originators regularly based on their financial situation, the quality of their loan portfolio, and their internal processes. We take pride in our reputation, and we always strive to ensure that loan originators can fulfill their obligations, regardless of their location.

Please keep in mind that the buyback guarantee and additional group guarantee may be impacted in the event of a force majeure.

Did this answer your question?