Adding New P2P Credit Product

By default, the investment workflow is disabled for new loans.

To enable the ability to invest in loans, as TurnKey Lender team to enable the functionality in the configuration (if supported by your contract) and create a new Credit Product that supports investments.

The Peer-to-peer tab will appear if the functionality is enabled. In the tab:

• Enable the “Peer-to-peer loan” toggle.

• Define the Investment Interest Rate: the interest rate based on which an investor's interest is calculated.

• Select the workflow: The way the loan is invested.

Open

Possible Workflow options include:

Fund before disbursement - when this workflow is active, a loan is moved to “Gathering Investments” status after approval. The loan remains in this state until its amount is fully funded by investors. Once this is done, the loan is ready for disbursement. In this case, investors can't withdraw or change their bid after the loan is disbursed, and no new investments can be added after disbursement.

Fund anytime - this workflow allows funding a loan after disbursement. On approval the loan is immediately ready for disbursement, no intermediate status to gather investments is used. Investors can bid any time after the loan is approved until it's fully repaid or fully funded.