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Loan Eligibility Rules For EG Grow

RuleValueDescription
Minimum Loan Term6 monthsThe shortest loan term that qualifies for EG Grow investment is 6 months.
Maximum Loan Term18 monthsEG Grow investments are limited to loans with a term of 18 months or less.
Loan Schedule TypeAnnuity or BulletOnly Annuity and Bullet repayment schedules are eligible for EG Grow.
Loan Minimum Interest Rate (including Interest Spread)10%Loans must have a combined base and spread interest rate of at least 10% per annum.
Minimum Success Fee Rate1.5%The loan must include a success fee rate of 1.5% or more.
Repayment FrequencyMonthly, QuarterlyAcceptable repayment frequencies are Monthly or Quarterly. Loans with irregular or other repayment frequencies are not eligible.
Maximum Loan-To-Value (LTV)69%The LTV ratio must not exceed 69% at the time of loan publication.
Mortgage RankOnly 1st Rank MortgageOnly loans secured by a 1st Rank Mortgage are eligible. Subordinated or lower-rank mortgages are excluded.

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