Why Mintos is the Peer-to-Peer Loan Platform where you have to register?

In the world, the reality is that some people have very interesting projects, but they lack the funds to carry them out. At the same time, others have money to invest, but they don’t have a business idea or the time to embark on such an adventure.

This is where the peer-to-peer lending platform comes in, which connects these different parties. Many people offer this service, but not all with the same conditions. So why will you benefit from choosing Mintos?

Presentation of Mintos, the peer-to-peer lending platform

Mintos is a marketplace-type platform which was created in Latvia at the beginning of 2015. It is the best on the market in the field of peer-2-peer lending with more than 175,000 investors registered and more than 5 billion invested capital. Mintos is only available in English at the moment and also has a very handy mobile app.

Registration on this platform is free and very fast for investors. Among its available investment products, you will find:

  • Auto loans
  • Personal loans
  • Mortgage loans
  • Quick credits

Other investment possibilities also exist on business loans and factoring. The minimum capital required to invest in Mintos is 10 euros. It also offers a automatic investment mechanism which makes your life a lot easier. Thanks to this auto-invest system, you yourself define the criteria for the loans in which you want to invest. The system is responsible for systematically placing your money as soon as an opportunity meets your conditions.

How to invest strategically in Mintos?

Intervening on Mintos as an investor is quite easy. It does not require extensive knowledge of economics or finance. Already, you benefit from a fairly large offer that allows you to only make investments that suit you. To invest strategically in Mintos, you must take care to define certain parameters.

It is about choosing the Repayment period and the range of the rate at which you agree to grant the loan. Then, you have to define the different types of credit that you agree to finance. Finally, add the option of reinvestment of income in order to multiply your profits thanks to compound interest. Do not forget to define the amount to invest by borrowing.

It is recommended to start with a small capital in order to better understand the thing without taking too much risk, because the investments, the loans are never at risk 0. The more you gain in experience, the more you can increase your investment thresholds. In addition, you must always choose guaranteed buyback loans so as not to lose your capital.

What is the performance of this platform?

Among the many strengths of the Mintos platform, there is its annual rate of return. The latter can go up to 12% per year and more. In recent years, this rate has seen a steady increase. In August 2020, for example, the average yield determined was 12.42%. During October 2020, it was estimated at 12.44%.

Currently, the Mintos dashboard displays a annual profitability of 12.5%. This is one of the reasons which also explains the fact that the number of investors registered on this platform literally crushes that of its competitors on the market.

How to take advantage of a loan between individuals on Mintos?

To take advantage of a loan between individuals on Mintos, you must first register on the platform as a borrower. To do this, you will have to strictly follow the Mintos service support guidelines. You take care to provide the supporting documents that will be requested.

For example, you would have to be over 18 and have a European Union bank account. If your account is in a non-EU country, it must at least have an ALD / CFT system similar to the EU. When all the conditions are met, you can start your loan application while providing as much information as possible on the conditions you are looking for.

Mintos will study your file and can validate it. After that, you can take advantage of the loan between individuals in compliance with my regulations.

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