How are returns calculated and paid to Lenders?
This article provides a comprehensive overview of how Brolly calculates returns for lenders, the timing of payments, and the implications of breaking a lending contract on your returns.
How Lenders Earn returns on Brolly
At Brolly, we prioritise simplicity and transparency. As a lender, you earn returns solely on the portion of your funds that is actively lent out. There are no hidden fees or guesswork involved in the process.
Interest Rate
You earn an annualized return of 20% on your utilized funds.
Returns are applied only to the amount that is currently matched and lent to borrowers.
Funds that remain idle in your wallet (i.e., not lent out) do not earn a return.
When are returns paid?
returns are paid on repayment by borrowers into your Brolly wallet.
Payments are automated, requiring no manual action on your part.
You will receive a summary of your returns at the end of each month.
What If I Withdraw Early?
If you decide to break a lending contract early (for example, by withdrawing your funds before a borrower has repaid), please note the following:
You will not earn interest for that lending period.
Only completed lending cycles generate returns.
You can still withdraw any unused (idle) funds at any time without incurring a penalty.
Example
For instance, if you have lent out $5,000 for a complete 30-day cycle:
The annualized return of 20% translates to approximately 1.67% per month.
In this scenario, you would earn around $83.33 for that 30 day period.
Note: Actual earnings may vary based on how much of your wallet is actively utilised and for how long.
Still Have Questions?
If you have further inquiries, please check your wallet breakdown or chat with us via support.
