Robo.cash adjusts interest rates

Robo.cash has lowered the interest rate on loans with a term time of between 91 and 720 days.

The Croatia-based peer-to-peer lending platform offers returns of between eight per cent and 13 per cent on loans with a term time of between one and 1,095 days.

While the lowest and highest rates remain unchanged, the platform has reduced the returns offered on some medium- to long-term loans.

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From 21 December 2022, Robo.cash will offer returns of 10.5 per cent on loans which mature within 91 and 180 days. This is down from a target of 12 per cent previously.

Loans with a term time of between 181 and 365 days will now offer returns of 11 per cent, down from 12.5 per cent previously.

And loans with a term of between 366 and 720 days will pay 11.5 per cent in interest – down from 13 per cent prior.

“Throughout the year, we ensured the smooth platform operation and a stable income for investors,” said Robo.cash in a message to investors.

Read more: Robocash prepares for December funding spike

“Now we see that the demand has levelled off, the needs of our creditors are being successfully covered and they are performing well.

“The [Robocash] group is strengthening its positions in the markets at the expense of its own capital and continues its development course. In this regard, we are changing interest rates for several loan terms.”

The updated interest rates will be applicable to new investments made from 21 December. Investors have been urged to adjust their portfolio settings to get their funds invested properly.

Read more: Robo.cash sees November rise in inflows