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How does selling on the Maclear Secondary Market affect your Loyalty bonus?

03/06/2026

2 min

Selling investments on the Maclear Secondary Market reduces your total active portfolio. If the sale brings your total below the threshold required for your current Loyalty level, your level adjusts downward. Secondary Market purchases work in the opposite direction — they count toward your portfolio total and can raise your Loyalty level.

How Loyalty level is calculated

Your Loyalty level is based on your total amount of active investments at any given time. Both Primary Market and Secondary Market investments count toward this total. Changes take effect immediately after each transaction. This means Secondary Market activity has a direct impact on the Loyalty bonus rate you receive across your entire portfolio — not just on the investments involved in the transaction.

Do Secondary Market investments earn the Loyalty bonus on Maclear?

Yes. Investments purchased on the Secondary Market qualify for the Loyalty bonus at the same rates as Primary Market investments. The source of the investment does not affect bonus eligibility.

The four Loyalty levels:

— Beta: from €5,000

— +1.5% per annum.

— Beta Plus: from €15,000

— +2% per annum.

— Alpha: from €40,000

— +2.5% per annum.

— Alpha Plus: from €75,000

— +3% per annum.

Does my current Loyalty level apply to investments purchased on the Secondary Market on Maclear?

Yes. Your current Loyalty level applies to all active investments including those acquired on the Secondary Market. The loyalty bonus percentage on any investment is fixed at the rate applicable when that investment was originally created on the Primary Market — not at the time of the Secondary Market purchase.

Example: how a Secondary Market sale can affect your Loyalty level

Your total active investments are €15,000 and your current level is Beta Plus (+2%). You sell €11,000 on the Secondary Market. Your portfolio total drops to €4,000 — below the Beta Plus threshold. Your level adjusts to Beta (+1.5%). If you subsequently buy investments that bring your total back to €15,000 or above, your level returns to Beta Plus.


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How is AROI calculated on the Maclear Secondary Market?

AROI (Annualised Return on Investment) on the Maclear Secondary Market shows projected annual return adjusted for the remaining loan term. Formula: (Expected Earnings ÷ Remaining Period) × (365 ÷ Principal Purchased). Unlike APR — fixed at loan funding — AROI changes with the listing price. A discount raises AROI above the original APR; a premium lowers it.

How liquid is the Maclear Secondary Market: volume and typical time to sell

Maclear's Secondary Market has cleared €16.26 million across 65,079 trades since May 2024. Median time from listing to sale is around 3 hours; 80.7% sell within 24 hours and 97% within 7 days. Every listing between June 2025 and March 2026 found a buyer before the 14-day window closed — 100% sell-through across ten consecutive monthly cohorts.

What are the fees for the Maclear Secondary Market?

The only Maclear Secondary Market fee is a 2.5% seller charge, deducted from sale proceeds when a transaction completes. No fee applies if a listing expires after 14 days unsold or the seller cancels before sale. Buyers pay no fees at any stage. There are no listing fees, reservation fees, or relisting penalties.

How returns are split between seller and buyer on the Maclear Secondary Market

On a completed Maclear Secondary Market sale, the buyer takes the full remaining claim — every future interest payment and principal repayment to maturity. The seller receives the agreed price minus the 2.5% fee. Accrued-but-unpaid interest transfers with the claim. Buyers can review borrower repayment history before buying, unlike Primary Market entries.