3 mins

How Repayments Work on Bitbond

Daniela Cherkova
Jun 18, 2018

Congratulations on getting funded on Bitbond.

Now that you have the funds you need to grow, you might be wondering exactly how repayments work. This blog post has got you covered, with a brief explanation followed by a comprehensive FAQ. Should you have any additional questions, please get in touch.

How can I repay my loan?

The easiest way of repaying your loan is by setting up a standing order with your bank. This will ensure that your repayments are made automatically and on time.

To do this, log into your Bitbond account and head over to the “Funds” section. Here you will see the bank account to which the funds need to be sent. Please ensure that you include your unique payment code in your payment reference. Otherwise we may not be able to allocate the funds correctly and the payment will bounce.

To find your repayment schedule, log into your Bitbond dashboard and navigate to the “Loans” tab. Now you will be able to see your full repayment schedule.

With this information you will be able to set up your standing order, so that the correct amount is sent to your Bitbond account at the end of every month.

Important: Please allow for 2-3 business days for the funds to arrive in your account.

Frequently asked Questions

Q: Do I need to send money from my bank to Bitbond?

A: Yes. In order to make a repayment you will need to transfer funds to your Bitbond account. The easiest way of doing this is by setting up a standing order.

Q: Where can I see my repayment schedule?

A: Log into your Bitbond account and navigate to “Loans”. Here you will see your repayment schedule.

Q: When should I send the funds to my Bitbond account?

A: You should send the funds 3-4 business days before the due date. As soon as the funds hit your account, they are used to make the repayment.

Note: please be aware that if you hold funds in your Bitbond account, we will start using them for repayments three days before the due date.

Q: What if I do not have enough funds in my account to make the full repayment?

A: We will use the available amount to make a partial payment. Should you not be able to make the full repayment by the due date, please get in touch.

Q: Where do I transfer the funds to?

A: You can find the bank information in your “Funds” section of your Bitbond account.

GERMANY'S FIRST SECURITY TOKEN OFFERING*

Invest in the Bitbond STO and ensure secure returns.
Grow your portfolio.
  • Earn a fixed 4% annual interest
  • Earn an annual variable coupon
  • Earn via an attractive affiliate program
LEARN MORE
Become part of
Germany's first security token offering.*
LEARN MORE
Related Articles
*Bitbond Finance GmbH is a Bitbond GmbH subsidiary. Bitbond GmbH owns 100% of Bitbond Finance GmbH. This content represents solely a nonbinding preliminary information which serves exclusively advertising purposes. The content is neither an offer nor a solicitation of an offer to purchase token or securities issued by Bitbond Finance GmbH. The information in these pages does not constitute investment advice or investment recommendation. The greatest possible care has been taken in the preparation of this content, but errors and omissions remain reserved.

Please find the binding Bitbond STO prospectus here.

A non-binding English translation of the Bitbond STO prospectus could be found here.
GERMANY'S FIRST SECURITY TOKEN OFFERING*
LEARN MORE