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Mintos is known to be one of the largest peer-to-peer lending platforms in Europe. Aside from its notoriety, is this platform really worth using for your peer to peer investments?
To find out, we’ve reviewed the Mintos platform and we’re telling you all about it.
Find out below how beneficial investing through this P2P leader can be, as well as the risks you may face in this type of loan.
Mintos among the leaders in P2P
Choosing Mintos means investing in one of the most influential crowdlending platforms in Europe. With nearly 50% of the market share, this Latvian platform created in 2015 has established itself as the European leader in peer-to-peer loans.
The platform enjoys good financial health, with more than 6 billion euros in facilitated loans. It is carried by more than 60 loan issuing companies and enjoys the trust of thousands of investors in more than 70 countries around the world.
Why should you invest in Mintos?
Mintos is a benchmark that deserves to be considered because of the many strengths it has and which sets it apart from most of the competing platforms you will find on the market. We will identify here 3 major advantages for which investing via this intermediary can be advantageous for you.
- High profitability: your investments in projects can earn you gross returns ranging from 6 to 20% per year. For now, the average stabilized at 11.5% per year places Mintos among the most profitable platforms.
- Security of investments: most of the time you invest in mortgages. Your investments may, depending on the case, be covered by a non-reimbursement and / or redemption guarantee.
- Ease of use: although in English, the platform is relatively easy to learn. The site offers practical features to automate and simplify the management of your portfolio and save you time.
What are the possible risks by investing in a loan between individuals?
P2P lending is not a risk-free investment. Although they are relatively low, the risks exist and should be considered when choosing to invest your money.
One of the major risks is default on repayment. It reflects the hypothesis in which the borrower finds himself unable to repay the loan received from the platform. In the absence of guarantees, the outcome will be the loss of the capital invested in the project.
Another risk of the P2P loan lies in the possibility of fraud or bankruptcy of the crowdlending platform itself or that of the partner credit companies.
How Mintos protects its investors?
In order to protect investors from the risk of loss, most loans made on Mintos are backed by a mortgage. Thus, in the event of non-repayment by the borrower, the mortgaged property can be sold in order to repay the investors.
In addition, some Mintos loans have a non-repayment guarantee. By this, the platform undertakes to pay you the entire loan invested plus interest in the event of default by the borrower more than 60 days after the maturity of the loan.