On-Time Repayment Rate Calculation

Discussion in 'Borrower Questions' started by ojtos, Aug 13, 2014.

  1. LYDIA CHEPKORIR

    LYDIA CHEPKORIR Silver Member

    @Hana Burkonova
    The confusion is actually whether the two payments of less than 50% each made for two different installments within a week is considering a single payment. In my case for example, some payments I made were for the previous installment but it seems in your judgement you assumed just because the payments were in the same week.
    I still don't get this!
     
  2. Hana Burkonova

    Hana Burkonova Gold Member

    Dear Lydia,

    I am afraid the rule states that no more then 50% of the loan should be paid within one week. Therefore all the installments one makes within 7 days altogether should not exceed 50%.

    Best wishes,

    Hana
    Zidisha team
     
  3. LYDIA CHEPKORIR

    LYDIA CHEPKORIR Silver Member

    Hana,
    Thank you for clarifying this issue of week/installments.
    It helps other members in future to avoid the mistake i made.
     
  4. Hana Burkonova

    Hana Burkonova Gold Member

    You are welcome, Lydia. I wish you all the best,

    Hana
     
  5. Hannah McGowan

    Hannah McGowan Silver Member Zidisha Volunteer

    Hi Esau,

    Thanks for your message!

    Your loan application is currently incomplete. Further instructions for how to complete your application have been sent to the email address registered to your account.

    Best wishes,
    Hannah, Zidisha Team
     

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