Loan GRP-2647 - Business Loan

Loan Type
Business Loan
Loan Term
23 mo. 24 d.
Loan Amount
€7,900.00
Initial Offer
€7,505.00
Date Issued
08.05.2019
Maturity date
12.06.2021
Loan Originator
Finsputnik Platforma SIA
Security
BuyBack guarantee in case of borrower`s payments delay for more than 60 days.
Description
Description

Ibancar is a proven FinTech company involved in online asset-based lending serving the unbanked and underbanked. The company has been operating on the market since 2010. 
Ibancar have established legal framework to allow borrowing against cars and considers this a key part of their intellectual property. This is key point which made them distinct from competitors. Other competitors are mainly in the car business and not in the loan business. Competitors' business model is not scalable, and they seek to profit from the car. Ibancar is the only 100% online remote service offering genuine loans that amortize over time and allow borrowers to get the ownership of the car back. This makes Ibancar the only loan originator in Spain, who lends against cars.

- Loan portfolio 1 600 000.00 EUR;
- 250% over-collateralized portfolio;
- Average loan 3 300.00 EUR;
- Team of 12 with experienced leadership;
- Proprietary and scalable risk management platform with an established proof of concept (e.g. innovative risk scoring, behavioral NPL management).

Vehicle Collateral - The loan is collateralized with the cash flows from individual car loans by pooling together car loans with the same maturity in one lump sum loan. The average LTV for this loan tranche is 52%

Country
Spain
Collateral
Vehicle Collateral
Investor
Amount
Available
Total
Discount / Premium
Price
Investor
Amount €3,688.45
Available €3,688.45
Total €3,688.45
Discount / Premium 0.0%
Price €3,688.45
Investor Investor 1
Amount €25.00
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Investor Investor 2
Amount €50.00
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Investor Investor 3
Amount €25.00
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Investor Investor 4
Amount €16.93
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Investor Investor 5
Amount €10.00
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Investor Investor 6
Amount €20.00
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Investor Investor 7
Amount €50.00
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Investor Investor 8
Amount €20.00
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Investor Investor 9
Amount €10.00
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Investor Investor 10
Amount €10.12
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Investor Investor 11
Amount €10.00
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Investor Investor 12
Amount €20.00
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Investor Investor 13
Amount €20.00
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Investor Investor 14
Amount €20.00
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Investor Investor 15
Amount €20.00
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Investor Investor 16
Amount €50.00
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Investor Investor 17
Amount €20.00
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Investor Investor 18
Amount €10.96
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Investor Investor 19
Amount €10.33
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Investor Investor 20
Amount €10.00
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Investor Investor 21
Amount €200.00
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Investor Investor 22
Amount €50.00
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Investor Investor 23
Amount €22.00
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Investor Investor 24
Amount €111.00
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Investor Investor 25
Amount €10.00
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Investor Investor 26
Amount €20.00
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Investor Investor 27
Amount €20.00
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Investor Investor 28
Amount €10.00
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Investor Investor 29
Amount €121.00
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Investor Investor 30
Amount €20.00
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Investor Investor 31
Amount €10.00
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Investor Investor 32
Amount €12.73
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Investor Investor 33
Amount €10.00
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Investor Investor 34
Amount €10.00
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Investor Investor 35
Amount €100.00
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Investor Investor 36
Amount €20.00
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Investor Investor 37
Amount €10.28
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Investor Investor 38
Amount €10.00
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Investor Investor 39
Amount €10.00
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Investor Investor 40
Amount €10.00
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Investor Investor 41
Amount €10.51
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Investor Investor 42
Amount €10.00
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Investor Investor 43
Amount €25.00
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Investor Investor 44
Amount €35.00
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Investor Investor 45
Amount €25.00
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Investor Investor 46
Amount €20.00
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Investor Investor 47
Amount €10.00
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Investor Investor 48
Amount €10.00
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Investor Investor 49
Amount €10.00
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Investor Investor 50
Amount €10.71
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Investor Investor 51
Amount €10.88
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Investor Investor 52
Amount €20.00
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Investor Investor 53
Amount €10.00
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Investor Investor 54
Amount €10.00
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Investor Investor 55
Amount €50.00
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Investor Investor 56
Amount €20.00
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Investor Investor 57
Amount €20.00
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Investor Investor 58
Amount €10.00
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Investor Investor 59
Amount €250.00
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Investor Investor 60
Amount €10.00
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Investor Investor 61
Amount €10.00
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Investor Investor 62
Amount €20.00
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Investor Investor 63
Amount €214.00
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Investor Investor 64
Amount €18.65
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Investor Investor 65
Amount €20.00
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Investor Investor 66
Amount €10.00
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Investor Investor 67
Amount €10.00
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Investor Investor 68
Amount €15.00
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Investor Investor 69
Amount €600.00
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Investor Investor 70
Amount €10.00
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Investor Investor 71
Amount €10.00
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Investor Investor 72
Amount €25.00
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Investor Investor 73
Amount €10.00
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Investor Investor 74
Amount €25.00
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Investor Investor 75
Amount €10.00
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Investor Investor 76
Amount €20.00
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Investor Investor 77
Amount €10.00
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Investor Investor 78
Amount €30.00
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Investor Investor 79
Amount €200.00
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Investor Investor 80
Amount €20.00
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Investor Investor 81
Amount €25.00
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Investor Investor 82
Amount €10.00
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Investor Investor 83
Amount €10.00
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Investor Investor 84
Amount €10.00
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Investor Investor 85
Amount €25.00
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Investor Investor 86
Amount €10.00
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Investor Investor 87
Amount €20.00
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Investor Investor 88
Amount €10.00
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Investor Investor 89
Amount €30.00
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Investor Investor 90
Amount €10.00
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Investor Investor 91
Amount €50.00
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Investor Investor 92
Amount €10.00
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Investor Investor 93
Amount €20.00
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Investor Investor 94
Amount €200.00
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Investor Investor 95
Amount €20.00
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Investor Investor 96
Amount €10.00
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Investor Investor 97
Amount €10.00
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Investor Investor 98
Amount €10.10
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Investor Investor 99
Amount €10.00
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Investor Investor 100
Amount €10.00
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Investor Investor 101
Amount €50.00
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Date
Principal
Interest
Total
Received i
Payment date
Status
Date 12.06.2019
Principal €299.25
Interest €72.40
Total €371.65
Payment received €371.65
Payment date 12.06.2019
Status Paid
Date 12.07.2019
Principal €299.25
Interest €71.82
Total €371.07
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Status Scheduled
Date 12.08.2019
Principal €299.25
Interest €66.60
Total €365.85
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Status Scheduled
Date 12.09.2019
Principal €299.25
Interest €63.71
Total €362.96
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Status Scheduled
Date 12.10.2019
Principal €299.25
Interest €62.84
Total €362.09
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Status Scheduled
Date 12.11.2019
Principal €299.25
Interest €57.92
Total €357.17
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Status Scheduled
Date 12.12.2019
Principal €299.25
Interest €56.86
Total €356.11
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Status Scheduled
Date 12.01.2020
Principal €299.25
Interest €52.13
Total €351.38
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Status Scheduled
Date 12.02.2020
Principal €299.25
Interest €49.23
Total €348.48
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Status Scheduled
Date 12.03.2020
Principal €299.25
Interest €49.53
Total €348.78
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Status Scheduled
Date 12.04.2020
Principal €299.25
Interest €43.44
Total €342.69
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Status Scheduled
Date 12.05.2020
Principal €299.25
Interest €41.89
Total €341.14
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Status Scheduled
Date 12.06.2020
Principal €299.25
Interest €37.65
Total €336.90
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Status Scheduled
Date 12.07.2020
Principal €299.25
Interest €35.91
Total €335.16
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Status Scheduled
Date 12.08.2020
Principal €299.25
Interest €31.85
Total €331.10
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-
Status Scheduled
Date 12.09.2020
Principal €299.25
Interest €28.96
Total €328.21
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Status Scheduled
Date 12.10.2020
Principal €299.25
Interest €26.93
Total €326.18
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Status Scheduled
Date 12.11.2020
Principal €299.25
Interest €23.17
Total €322.42
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Status Scheduled
Date 12.12.2020
Principal €299.25
Interest €20.95
Total €320.20
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Status Scheduled
Date 12.01.2021
Principal €299.25
Interest €17.37
Total €316.62
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Status Scheduled
Date 12.02.2021
Principal €299.25
Interest €14.48
Total €313.73
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Status Scheduled
Date 12.03.2021
Principal €299.25
Interest €12.82
Total €312.07
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Status Scheduled
Date 12.04.2021
Principal €299.25
Interest €8.69
Total €307.94
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Status Scheduled
Date 12.05.2021
Principal €299.25
Interest €5.98
Total €305.23
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Status Scheduled
Date 12.06.2021
Principal €299.00
Interest €2.89
Total €301.89
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Status Scheduled
Loan Amount
€7,900.00
Initial offer
€7,505.00
Available
€3,688.45
Available
€3,688.45
IR
11.50 %
LTV
45%
Term
23 mo. 24 d.
€3,816.55 of €7,505.00