Submit a bid

Owned by TurnKey Lender
Last updated: Aug 04, 2020
1 min read

This subsection provides instructions on how to submit a bid.
To submit a bid:


  1. Enter a web workplace as described in Logging in to TurnKey Lender.


The table with all loans awaiting investments is displayed:

Lending Portal


  1. In the table on the right-hand side of the web workplace, click Bid button to bid a loan application.


The Investment Settings window opens:

Investment Settings window


  1. In the Amount box, enter an investment amount.

    Note:

    Following constraints are applied to the investment Amount: can't be greater than "Amount to fund" value for the loan and can't exceed the Funds Available to Bid value.
    Amount to fund - the remaining unfunded amount for the loan (E.g., if loan amount is $1000 and there are 2 investments $100 each, then amount to fund = $1000 - $100 - $100 = $800).

  2. Click OK to save changes.


The bid has been successfully added.

Investment opportunities page


Note:

If the loan is fully funded after the bid, it disappears from the Opportunities list and moves to disbursement automatically.

Note:

If the investment Amount is incorrect corresponding error message is displayed.


Investment Settings window with incorrect Amount