How is the default interest calculated?

Should a project promoter delay on an instalment payment, the investors are compensated for the delay in receiving their interest payment, with an arrears interest for each day the outstanding amount is not settled, starting from the first day of default. The project investors receive this interest once the delayed payment has been settled, and it is calculated over the owed principal reimbursement and interest, on a rate of 4% a year, per day of delay. 

It is important to note that our platform can only perform payments with the minimum of 0.01€. That means that it is possible, depending on the instalment amount or the number of days of default, that the arrears interest do not reach that minimum, and therefore, no payment is performed.

The investors are notified per email when default interest are paid by a project. You can manage your notifications in your Settings.

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Goparity is an impact investment platform that connects companies looking to finance their sustainable projects, with individuals and entities who want to invest sustainably. We are growing, both in terms of size and impact generated. We were born in Portugal in 2017, but have since then financed projects and grown a large community of investors all around the world.

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Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at www.goparity.com. Power Parity, SA is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the nº 8711.