UNBOLTED Review: Peer to Peer Lending
UNBOLTED is a UK based online personal asset-based peer-to-peer lending platform, where individuals can borrow from other individuals by using high value personal assets such as luxury watches, cars, fine arts, antiques, jewellery and commodities such as gold.
The portal is open for international investors.
Founded: 2014
Origin: United Kingdom
Buyback guarantee: No
Secondary Market: No
Autoinvest: Yes
Minimum investment: £1
Members
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Unbolted operates a provision fund which can be utilised to cover any shortfall in the recovery of the loan principal on the sale of a pledged asset. It’s important to note that this fund cannot be considered a guarantee as it remains subject to sufficient funds being available. -
Loans on the Unbolted platform are all secured against underlying personal assets. In addition, certain loans have an additional layer of security
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Unbolted have announced that that they will cease providing their ‘Gold Trust protection’ for new gold/precious metal loans. As a result of this reduced protection, lenders will benefit from increased interest rates.
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