Interest on account - Lendy is holding interest paid upfront by the borrower on account in order to service investor’s monthly interest.
Interest Accruing - Interest continues to accrue on Investor's accounts but is not credited monthly. Accrued interest is only payable if it is recovered from the borrower or realised from the disposal of the security. Default Policy Document.
Bonus Accrual Rate - This is the rate at which the bonus is calculated when the loan is repaid. Find out more