P2P Lending

ct5amr2ig1nfhp · 15-08-2018 10:22am

Another 15% of my loans have been bought back on Mintos in the last day or so. I just hit withdraw straight away. Sigh.

Green&Red · 15-08-2018 6:51pm

Complete noob, can someone please explain how it works?
There may already be a post here that explains it but it all seemed to be people who knew what they were talking about

I get the general concept of P2P lending its more the nuances of how it actually works. How are the interest rates set? How long are the terms of the loans? How easy is it to withdraw ur cash when you're ready?
What happens if the borrower fails to repay?

Thanks

littlevillage · 17-08-2018 9:36pm

Swiss Invoice Finance Marketplace Advanon Hit by Fraud Case

https://www.p2p-banking.com/countries/switzerland-swiss-invoice-finance-marketplace-advanon-hit-by-fraud-case/

:-(

Kuva · 18-08-2018 10:04pm

That new Dinero Originator on Mintos has no interest or penalty on delayed payment, hold your money for 60 days and nothing for you, eh, fcuk off. Most of Mogo subs the same.

ct5amr2ig1nfhp · 19-08-2018 11:46pm

Grupeer standing out from the crowd. A little over 7 months invested and expected return for the year is slightly over 15%.

ViaInvest is another gem. 4,000 odd loans currently available. Mostly 30 day loans at 11% return but a nice volume of 12% installment loans also. The platform is missing some basic features, sort, filter functions etc. Invested a small sum about 8 months ago and projecting a little over 12% return.

Viventor is working well for me. A little cash drag recently but they appear to have a new source of loans. I see about 500 loans currently available. A mixed bag 9-12% rates and between 1 month to 3 year terms. XIRR currently just over 12%.

Swaper still seeing 20% of funds not invested, which is a shame. The platform is nice but they really need to get a new source of loans.

RoboCash, 40% not invested so have withdrawn the funds. What is currently left invested, 60% are late. Support say not to worry as they have their buyback policy.

PeerBerry I am seeing a little cash drag from time to time. But I have been able to pick up loans manually when needed as I had mentioned above.

FastInvest, new to this platform. So far no problems. I like that I can sell my loans at any point and have the funds available within 24hours in my 'balance'. A quick test, the funds were back in my balance instantly. About 600 loans (EUR loans) currently available, ranging from 9-15% return and 0-12 month terms. I like the website a lot, layout, functionality, reporting. A little too soon to report really, other than I haven't had any issues.

DoFinance nothing much has changed. I am not happy with how they implemented their rate drop and am waiting for my term to finish so I can pull all funds from the platform. Noticed that the website is offline a few times recently. Cloudflare errors. Might be nothing.

Lenndy, again nothing new to report. They really could do with a website update of some kind. No cash drag. Plenty of loans available.

littlevillage wrote: »

Swiss Invoice Finance Marketplace Advanon Hit by Fraud Case
https://www.p2p-banking.com/countries/switzerland-swiss-invoice-finance-marketplace-advanon-hit-by-fraud-case/
:-(

Always worrying to see a p2p platform in trouble. Doing some research into p2p platforms in china and it's scary reading.

Green&Red wrote: »

Complete noob, can someone please explain how it works?
There may already be a post here that explains it but it all seemed to be people who knew what they were talking about

I get the general concept of P2P lending its more the nuances of how it actually works. How are the interest rates set? How long are the terms of the loans? How easy is it to withdraw ur cash when you're ready?
What happens if the borrower fails to repay?

Thanks

Take a few of the platforms mentioned in this thread and read their FAQ pages. Most, if not all of your questions will be covered. Each platform covers the basic questions you have. The same topics/questions are covered. Remember that p2p lending is a high risk investment. I wouldn't go investment life savings etc.

bohsman · 22-08-2018 2:34pm

Clara Sparse Windbreak wrote: »

Looking at new p2p platforms, does anyone have any insights or experience with finbee?

On time94
Late5
Arrears0
Default2
Average interest rate 19%
I dont have very much invested overall but there's usually a steady stream of loans available, might struggle with larger amounts. Autolend settings work well and there is a secondary market.

littlevillage · 22-08-2018 2:37pm

My take on P2P lending.

There's an old Poker playing idiom. "If you can't spot the sucker at the table, it's probably YOU"

P2P creates the illusion the final end borrower is the sucker (ie. Paying huge interest for loans) ...the investor (me and you) assume we are on a winner because we are making 10% interest and our investment is 'guaranteed'.

The reality is a little bit different.

Yes, the end borrower is sort of the sucker, because they do pay high interest on their loans, a few 100% in some cases ....but a good number of those borrowers don't pay the loans back at all and still manage to get new loans again and again as the credit checks by Loan Originators seem to be deliberately loose.

The investor of course is the REAL sucker. We are carrying all the risk for a measly 10%.

The Originator is the winner, making multiples of that. They get cheap money from investors and get to invest that money at ridiculously high interest rates and ultimately don't have to worry if things go bad. (Just file for bankruptcy and off they go. reputational damage hardly bothers any Originator in our now 'virtual' world).

My advice, don't invest what you can't afford to lose, don't get too greedy taking unecessary risks and be ready to pull out at a moment's notice.

Benildus · 22-08-2018 3:07pm

littlevillage wrote: »

My take on P2P lending.

There's an old Poker playing idiom. "If you can't spot the sucker at the table, it's probably YOU"

P2P creates the illusion the final end borrower is the sucker (ie. Paying huge interest for loans) ...the investor (me and you) assume we are on a winner because we are making 10% interest and our investment is 'guaranteed'.

The reality is a little bit different.

Yes, the end borrower is sort of the sucker, because they do pay high interest on their loans, a few 100% in some cases ....but a good number of those borrowers don't pay the loans back at all and still manage to get new loans again and again as the credit checks by Loan Originators seem to be deliberately loose.

The investor of course is the REAL sucker. We are carrying all the risk for a measly 10%.

The Originator is the winner, making multiples of that. They get cheap money from investors and get to invest that money at ridiculously high interest rates and ultimately don't have to worry if things go bad. (Just file for bankruptcy and off they go. reputational damage hardly bothers any Originator in our now 'virtual' world).

My advice, don't invest what you can't afford to lose, don't get too greedy taking unecessary risks and be ready to pull out at a moment's notice.

What about the buyback option?

bohsman · 22-08-2018 3:16pm

Not many scenarios where a small investor isn't going to be the sucker. Even the winning poker player was a sucker compared to the house.

Kuva · 22-08-2018 9:28pm

Benildus wrote: »

What about the buyback option?

No Originator = No buyback

littlevillage · 23-08-2018 12:36am

Benildus wrote: »

What about the buyback option?

ha ha .... Buyback option is another smokescreen, it only works if the Loan Originator is still in business and interested in honouring it.

Last year, the loan originator 'Eurocent' had a buyback option on its loans on the Mintos marketplace. When the losses fron delinquent loans started to mount they just stopped honouring buyback gaurantees...and actually stopped repaying anything to Mintos investors full stop. Soo even if your particular loan with Eurocent with not in default.. they still wouldn't pass on the payments from the borrower to you (the investor)

They were eventually blocked from issuing any new loans on the Mintos marketplace. Mintos claim to be following up through the courts ...but have admitted that investors are unlikely to be repaid in full.

ct5amr2ig1nfhp · 03-09-2018 10:40am

Mintos Primary market reaching 100k loans available. Secondary market currently has ~130k loans available. I note that the amount of loans funded (by month) for Aug 2018 was down 7% on Jul. A interesting contrast to the month on month growth since Q4 2015. Investors are obviously hesitant to invest when returns are considerably lower than a couple of months ago. I would have expected the drop in loans funded to be significantly more than 7%.

scheister · 05-09-2018 4:46pm

Just looking on Robo cash. From 106 loans so far 25 have been bought back has they hit the 60 days. Seems a little high but from reading here late loans are very common on robocash

ct5amr2ig1nfhp · 06-09-2018 9:51am

The number of late loans touched 70% for me recently. Fallen back to 50% now. This and the fact that there is an on going problem with cash drag is why I have already started to reduce my funds in rabocash.

scheister wrote: »

Just looking on Robo cash. From 106 loans so far 25 have been bought back has they hit the 60 days. Seems a little high but from reading here late loans are very common on robocash

ct5amr2ig1nfhp · 11-09-2018 11:59pm

The number of loans available on Mintos is reaching 250k, that is the total number of primary and secondary loans. I would have expected to see some movement in rates by now. A quick look at the Sep stats and it would appear Sep will be the second month in a row where we will see a decrease in value of loans funded.

pnecilcaser · 12-09-2018 10:28pm

Clara Sparse Windbreak wrote: »

The number of loans available on Mintos is reaching 250k, that is the total number of primary and secondary loans. I would have expected to see some movement in rates by now. A quick look at the Sep stats and it would appear Sep will be the second month in a row where we will see a decrease in value of loans funded.

But still swaper are lagging behind in even having loans available. It's a shame because its the only platform I have come across that has an app.

I've read a few articles now about people moving their money around, would you say that is fairly normal for this type of investing? Do people generally follow the rates? Or is this a more recent behaviour? (i'm new to p2p so have very little historical insights)

ct5amr2ig1nfhp · 20-09-2018 7:25pm

Yep, I am still seeing about 10% of my funds not invested in Swaper.

I have a well diversified p2p portfolio. I am averaging about 12% between all platforms.

Mintos update - In case anyone is interested, I note tonight that a small number of loan originators have increased their rates to 12 and 12.5%. Good availability of loans in both the primary and secondary markets. Varks, Sebo, Dinero etc.

Kuva · 20-09-2018 7:38pm

Clara Sparse Windbreak wrote: »

Varks, Sebo, Dinero etc.

The ones either this guy or mintos themselves reckon you shouldn't give money to though...

http://explorep2p.com/mintos-lender-ratings/

ct5amr2ig1nfhp · 20-09-2018 8:19pm

Indeed. However my post was more to indicate that we might see other more reliable/higher rated originators increase their rates soon.

Varks and Sebo had 15% loans not so long ago.

I only have a very small holding in Varks and Sebo, as I like very short term pay day loans 2d-30days. They have been fairly reliable up to now, so I will continue with a small holding in the two.

Edit:
Just to have it all in the same post. Mintos lending rates... Dinero (C+), Sebo (B-), Varks (B)
If you take a look at the stats on Mintos, their current loans stand at ~90%, so 10% are late. This compares favorably with that of the higher rated loan originators. For example, Credissimo is the highest rated originator in the explorep2p ratings, yet their current personal loans stands at < 40%, over 60% of their loans are late.

Kuva wrote: »

The ones either this guy or mintos themselves reckon you shouldn't give money to though...

http://explorep2p.com/mintos-lender-ratings/

Kuva · 20-09-2018 9:08pm

Clara Sparse Windbreak wrote: »

Indeed. However my post was more to indicate that we might see other more reliable/higher rated originators increase their rates soon.

Varks and Sebo had 15% loans not so long ago.

I only have a very small holding in Varks and Sebo, as I like very short term pay day loans 2d-30days. They have been fairly reliable up to now, so I will continue with a small holding in the two.

Edit:
Just to have it all in the same post. Mintos lending rates... Dinero (C+), Sebo (B-), Varks (B)
If you take a look at the stats on Mintos, their current loans stand at ~90%, so 10% are late. This compares favorably with that of the higher rated loan originators. For example, Credissimo is the highest rated originator in the explorep2p ratings, yet their current personal loans stands at < 40%, over 60% of their loans are late.

Do you actually receive anything for 2day?

When I looked at them in the past when they were "finished" loans, I just got principal back.

retalivity · 20-09-2018 9:21pm

Kuva wrote: »

Do you actually receive anything for 2day?

When I looked at them in the past when they were "finished" loans, I just got principal back.

Depends on what you put in i think...if you invest a tenner, the return as a percentage would be negligible

Kuva · 20-09-2018 9:56pm

retalivity wrote: »

Depends on what you put in i think...if you invest a tenner, the return as a percentage would be negligible

Hmm, need to put in a good bit so, but then it could end up tied up in buyback for months and BOOOM, just enough time for another Eurocent.

sKeith · 21-09-2018 10:29pm

Kuva wrote: »

Hmm, need to put in a good bit so, but then it could end up tied up in buyback for months and BOOOM, just enough time for another Eurocent.

The up side of a 2 day loans is you have your interest and principal back in 2 days and at a maximum time of 62 days assuming its under the buy back scheme.
30 day loans, you usually get principal and interest back in 30 days and at a max 90 days.

if you get your principal and interest back after two days, you can reinvest the interest and captial sooner, to gain 2 day compounding.

these platforms pay you micro cents, that once they add up to a cent, you can use.

example of microcents from the mintos platform; '0.9560890684'

sKeith · 21-09-2018 10:31pm

oh, and any platform i chose pays you the interest you are owed for those extra 60 days, so its not like they are just holding onto your cash for 60 days, its still working for you.

Kuva · 21-09-2018 11:05pm

sKeith wrote: »

oh, and any platform i chose pays you the interest you are owed for those extra 60 days, so its not like they are just holding onto your cash for 60 days, its still working for you.

You need to check the details of the originator, theirs a heap that give you nothing for the 60 days.

Kuva · 21-09-2018 11:07pm

sKeith wrote: »

these platforms pay you micro cents, that once they add up to a cent, you can use.

example of microcents from the mintos platform; '0.9560890684'

How do you know that?

sKeith · 21-09-2018 11:19pm

Kuva wrote: »

How do you know that?

1) I asked.
2) Its on your account statements.

Kuva · 21-09-2018 11:29pm

sKeith wrote: »

1) I asked.
2) Its on your account statements.

I'll have to go looking again, never seen it, gracious.

sKeith · 21-09-2018 11:38pm

Kuva wrote: »

You need to check the details of the originator, theirs a heap that give you nothing for the 60 days.

Don't invest with those one then. I certainly don't. If nobody invests with them, they'll be forced to change.

As you says, its easy to check the loan origionators policy before investing with them.

p2pnex · 30-09-2018 6:44pm

If you join Mintos now using the code I provide below you can earn an extra 0.75% on the money you invest in the platform! This benefit only applies for the first 3 months of your membership but could prove a valuable boost to your earnings.

If you're interested (yes that was a pun) PM me and I can tell you more

You can also go to the Mintos website and enter this code to take advantage of the offer: SFY65L

ct5amr2ig1nfhp · 02-10-2018 9:47pm

Thought I would give a quick update on my own p2p experience over the last month. Nothing really new or exciting. There is a notable increase in p2p platforms having no new loans available, or struggling to get new loans. I would imagine a sizable withdrawal by investors from Mintos looking for better rates is at play here.

Grupeer - have refreshed their website. Visually nicer but I don't see any new functionality yet. Still no secondary market which is disappointing.
Edit: Grupeer appear to have reduced their 'Primo invest SIA' loans from 15% to 13%

Mintos - is anyone else having to sign into Mintos twice recently? I don't know if it is a problem with the latest Chrome or an update to the Mintos website. And what have done to all their hyperlinks?? They have changed the blue, it not easy on the eyes.

Swaper - still too many investors and not enough loans.

TWINO - it appears they are struggling with new loans also. Seeing cash drag recently.

FastInvest - no new EUR loans currently available. I am not seeing cash drag though.

PeerBerry - a little cash drag recently. I find the auto-invest is a little slow. I often login to see funds in my account and loans available. My auto-invest settings should pick them up. I have emailed PeerBerry asking for an explanation. I guess down to when the auto-invest is executed.

DoFinance - (again) no new loans available. Hope to have all my funds withdrawn from this platform soon.

Lenndy - nothing new going on. No shortage of new loans.

EstateGuru - I have one loan where the borrower is struggling to keep to the repayment scedule. Most if not all payments have been late. EstateGuru send regular updates on the debt collection process.

ViaInvest/Viventor - plenty of new loans currently available. In particular on ViaInvest. I will increase my funds in this platform this month.

I have decided to give Envestio a trial based on reviews on financiallyfree.eu and on feedback from Jorgen (the site owner). He is a very pleasant chap to deal with and very open with his experiences. I will update the thread as I get set up.

Check out the recent growth of investors in p2p platforms via p2p-banking.com PeerBerry has seen significant growth. (I will verify some of their figures when I get the time) .

Does anyone have any feedback or updates on the likes of Finbee, Linked Finance, Flender or Grid Finance?

Kuva · 02-10-2018 11:10pm

Clara Sparse Windbreak wrote: »

Mintos - is anyone else having to sign into Mintos twice recently? I don't know if it is a problem with the latest Chrome or an update to the Mintos website. And what have done to all their hyperlinks?? They have changed the blue, it not easy on the eyes.

No log in problem here, I like the slightly new look, I see Mintos own rating of ID Finance dropping like a stone, now a B-, curious one. Their manually looking for a loan page still doesn't work right, what you've selected isn't what appears until you change something and change it back again.

Honestly it's getting to be a pain trying to spread funds around, the more you read about the whole thing the more house of cards it seems to be.

Clara Sparse Windbreak wrote: »

Swaper - still too many investors and not enough loans.

TWINO - it appears they are struggling with new loans also. Seeing cash drag recently.

FastInvest - no new EUR loans currently available. I am not seeing cash drag though.

PeerBerry - a little cash drag recently. I find the auto-invest is a little slow. I often login to see funds in my account and loans available. My auto-invest settings should pick them up. I have emailed PeerBerry asking for an explanation. I guess down to when the auto-invest is executed.

DoFinance - (again) no new loans available. Hope to have all my funds withdrawn from this platform soon.

Lenndy - nothing new going on. No shortage of new loans.

EstateGuru - I have one loan where the borrower is struggling to keep to the repayment scedule. Most if not all payments have been late. EstateGuru send regular updates on the debt collection process.

ViaInvest/Viventor - plenty of new loans currently available. In particular on ViaInvest. I will increase my funds in this platform this month.

I have decided to give Envestio a trial based on reviews on financiallyfree.eu and on feedback from Jorgen (the site owner). He is a very pleasant chap to deal with and very open with his experiences. I will update the thread as I get set up.

Check out the recent growth of investors in p2p platforms via p2p-banking.com PeerBerry has seen significant growth. (I will verify some of their figures when I get the time) .

Does anyone have any feedback or updates on the likes of Finbee, Linked Finance, Flender or Grid Finance?

Crikey, you are in so many, was tempted to give viaInvest a go before but didn't, may look again since you mentioned it.

ct5amr2ig1nfhp · 03-10-2018 12:28am

Are you using Chrome Kuva? I have the problem on any machine I've used recently. All Windows 10 and the latest Chrome. So it's either Chrome or a change on the Mintos website. They were having some issues more recently that they were slow to acknowledge or fix. I have not had any issue when manually looking for loans, other than the slow loading at times.

Small amounts, spread across the platforms I mentioned. Minimize risk, diversify etc.

littlevillage · 03-10-2018 1:30am

On the basis of the lending volume figures from

https://www.p2p-banking.com/tag/loan-volume/

DoFinance is on a downward trajectory. From a high of 2.3M in new loans issued in April, its volume has been falling every month and is now 1.7M (Sept). Not exactly a crisis but maybe a signal that all is not well. I quite liked the simplicity of DoFinance but pulled all my cash out, just in case.

ct5amr2ig1nfhp · 03-10-2018 1:39am

Not surprising given the significant rate drops. Also no warning of the drop and the delay in notifying existing users... Better returns else where.

Kuva · 03-10-2018 9:51am

Clara Sparse Windbreak wrote: »

Are you using Chrome Kuva? I have the problem on any machine I've used recently. All Windows 10 and the latest Chrome. So it's either Chrome or a change on the Mintos website. They were having some issues more recently that they were slow to acknowledge or fix. I have not had any issue when manually looking for loans, other than the slow loading at times.

Small amounts, spread across the platforms I mentioned. Minimize risk, diversify etc.

Using Iron Browser.

Would you put much € into the sites?

ct5amr2ig1nfhp · 03-10-2018 9:57am

I have probably about 10-15% of my portfolio. I don't believe you could invest a whole lot in most of the p2p sites I have listed. Not enough loans. So you'll end up with cash drag.

flycd · 03-10-2018 3:29pm

I've been using Mintos and Twino.

Mintos is quicker to auto-invest. Twino is variable, mainly overnight, selling loans is quick. It's a pity mintos doesn't have an app.

Mintos wins for me because of the refer top up of 0.75% for the first 3 months is good with few conditions like the other refer a friend schemes.

If you're looking for a promo code for this: 58PVUC
www.mintos.com/en/ref/58PVUC

Valid until 22nd October 2018

Returns given after 30, 60 and 90 days up to €250.

panoramix · 03-10-2018 4:05pm

About Mintos...

Auto Invest in the SECONDARY market is now is available for "early access" with two refer-a-friend investors, until 14.11.2018 .

My referral link is:
www.mintos.com/en/ref/N3YOJV

Thanks in advance

ct5amr2ig1nfhp · 07-10-2018 9:26am

Grupeer have said they will be lowering their interest rates across their platform. That explains the 13% loans we now see available.

ct5amr2ig1nfhp · 09-10-2018 2:12pm

Swaper having technical issues today in case any one is having trouble with the website.

ct5amr2ig1nfhp · 17-10-2018 3:16pm

A reminder the Mintos.com refer-a-friend program ends in five days (22-Oct), if anyone is interested in signing up and wishes to avail of the 0.75% 'bonus', now is a good time to sign up. They may extend it again, they have done in the past.

I like they have added 2FA. I believe it's the only p2p platform I use that offers 2FA.

Over 275k loans now available on the platform (117k primary, 158k secondary)

Do any of you have early access to the auto-invest secondary market? Care to comment on it? Are you able to pick up some good quality loans?

Varks, Sebo, ExpressCredit and Dinero continue to offer plenty of 12%, 12.1% and 12.5% loans. Based on their Mintos and explorep2p.com rating, take care to do your own research on these originators.

Also, Mintos has fixed the double login issue on Chrome. I wasn't imagining it

flycd · 23-10-2018 11:45am

Mintos has extended the refer a friend scheme to 3rd December 2018.

Link to avail of cash back:
http://www.mintos.com/en/ref/58PVUC
Or you can use the promo code: 58PVUC

Returns of up to €250 paid after 30,60,90 days investing. 0.75% return meaning if you invest €33,333.33 you will get the full €250, this can be over the 3 months and unlike other refer a friend schemes you don’t have to keep the money there after you have received the bonus.
Investments are best made at the start of each 30 day period as they take an average of the 30 days investment.
I just make a couple of bank transfers each new 30 day period then wait until the next 30 day period to maximize return.

In answer to your question about the secondary market auto invest, I have been using this for the last 2 weeks now. Good returns, 13% in most cases and there’s never any money left sitting waiting for investments.

Overall my average return so far is 11.87% with a mix of primary and secondary investments all with buy back guarantee.

ct5amr2ig1nfhp · 26-10-2018 11:18am

Estatguru have updated their website. A much needed update to the platform, including new features and information.

Robo.cash have finally added a new loan originator (LLP Z-FINANCE from Kazakhstan). Further details on their website. 12% returns, 30 day term. Important to note, Z-FINANCE was only launched in July this year and 'currently lends through a network of 102 sales branches in Kazakhstan'.

pnecilcaser · 28-10-2018 11:43pm

has anyone tried flender? the irish P2P? any thoughts on them?

ct5amr2ig1nfhp · 31-10-2018 2:01pm

A new Irish P2P property lending platform went live yesterday 'Property Bridges' (propertybridges.com). It looks like a co-founder of Linked Finance is involved with this new start-up.

I will not be going near it but some of you might be interested.

scheister · 01-11-2018 10:03am

Clara Sparse Windbreak wrote: »

A new Irish P2P property lending platform went live yesterday 'Property Bridges' (propertybridges.com). It looks like a co-founder of Linked Finance is involved with this new start-up.

I will not be going near it but some of you might be interested.

id be very wary about P2P and property. we have seen how hard it is to chase defaulters via LF. Also I can the property market taking a nose dive in the next 2-3 years. If i was looking at using property for investment would be looking at the REITS rather the Property bridges

ct5amr2ig1nfhp · 01-11-2018 11:12am

I feel the same. I will not be going anywhere near this new platform.

scheister wrote: »

id be very wary about P2P and property. we have seen how hard it is to chase defaulters via LF. Also I can the property market taking a nose dive in the next 2-3 years. If i was looking at using property for investment would be looking at the REITS rather the Property bridges

Cute Hoor · 01-11-2018 1:56pm

scheister wrote: »

id be very wary about P2P and property. we have seen how hard it is to chase defaulters via LF. Also I can the property market taking a nose dive in the next 2-3 years. If i was looking at using property for investment would be looking at the REITS rather the Property bridges

Their first loan looks reasonably secure to me.
They are seeking to raise €465,000 in 2 tranches.
The first tranche is for €250,000.
Estimated sale price for the 2 storey mews building is €850,000 (this is most likely the biggest risk in the event of another property crash)
They have a lien on the development site with a Red Book value of €350,000.
So it looks reasonably secure.
Minimum investment €500
€50,000 raised already
Not sure if the return (8.5%) is worth it.

ct5amr2ig1nfhp · 07-11-2018 3:47pm

Seeing a lot of cash drag across most of my p2p platforms.

DoFinance - I have exited, rates dropped too low.
Grupeer - sold out of loans
Swaper - usual 20-25% not invested
ViaInvest - Only credit line loans available manually, very few short term loans lately
Viventor - See about 10-15% cash drag recently. very few new loans available
TWINO - very few new loans available
Robocash - has added a new loan originator recently and I haven't seen any cash drag. Although the new loan originator has loans at 12%, not the usual 14%
Lenndy - no cash drag. a small number of new loans available each day.

There appears to be a significant increase in investors across multiple platforms and the platforms are not keeping up with demand. Check out p2p-banking.com monthly stats for more info. I would prefer that platforms limit the number of new investors and keep current investors happy.

Mintos - most of the high risk, short term loan originators have dropped their rates again. the likes of Varks, Sebo, Dinero, Kuki etc. Dropping rates from 12% to 10% for similar loans. The likes of ExpressCredit (B-), Simbo (B-), Bino (B-) have 10.5% short term loans available.
Do remember to compare the Mintos ratings to the likes of explorep2p ratings here. For example the last two originators I mentioned above are ranked 33 and 38 (of 39 originators) on the explorep2p ratings, whereas Mintos has rated the three as B-

Edit:
FastInvest - plenty of new loans available, no cash drag, 15% 6+ months EUR loans.

P2P Lending

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