Our algorithm works by first running through all the filters to see which investors have the settings that matches the loan. Then it will check the total amount of all investors that are on auto-invest. However, the entire loan amount will not be open for auto-invest. A percentage of the loan amount (between 20% to 40%) will be left open for crowdfunding.
Auto-invest will not be activated if your available balance is lower than the auto investment amount you have specified, so do ensure you maintain a healthy available balance.
E.g. If you specified an auto investment amount of $1,000 but your available balance is $800, you will not be allocated in the loan.
If the total auto-investments are more than the amount we are opening for auto-invest, the system will pro-rate it downwards to the nearest $10. If there really are too many investors on auto-invest and the loan amount is not enough to accommodate all investors, the system will prioritise the investors who were not auto invested recently. This is to be fair to our investors but this does not mean you cannot invest. You can always participate or increase your investment amount when the loan is open for crowdfunding!
Note: Changes made to your auto-investment preferences when any loan is up for Pre-CF will only take effect the next crowdfunding.
Click here to read more on a guide to auto-invest settings.