P2P lending news for September 2017

September is almost gone… Here are the news I gathered from various sources regarding the websites I use for P2P lending.

Swaper interface improvements

“We are planning to move towards combining Portfolio investment tool with Auto-Invest tool into one – Auto-Invest Portfolio. The improved feature will cater to both types of investors – those looking to specify their own criteria for investing and to those looking for a one-click investing experience without adjusting many details” (Swaper newletter)

That’s a welcome change, and will make their user interface even easier to use ! As of this writing, the change hasn’t been pushed in production yet.

Swaper auto-invest change

“Currently, when creating Auto-Invest schemes investors are able to specify ‘investment in one loan’, i.e. how much will be invested into a single available loan. This will be replaced with ‘max investment per loan’. (…) This change also means you do not need a lot of Auto-Invests to ensure your money gets invested. With one active Auto-Invest your money is just as likely to be invested as with ten (assuming same selection criteria).” (Swaper newletter)

Yet another important improvement. With the improved loan volume, will this be the end of the troubles with Swaper ? Time will tell !

Swaper loyalty bonus changes

“We have rolled out the planned changes to our Loyalty Bonus. As announced last month, to obtain the +2% bonus to your investments your account value needs to be 5000 EUR (or equivalent in GBP or PLN) or higher for three consecutive months. Similarly, if your total account value drops below 5000 EUR (due to withdrawals) for three consecutive months the bonus is revoked.” (Swaper newletter)

New Bondora feature : “Remove loans from sale when borrowers make payments”

“This week we introduced a new feature which allows you to remove your investments from sales when a borrower makes a payment. (…) Once you activate the feature, you can be confident that you’re selling loans on the assumption of up-to-date payment information. If any payment is made, the loan will automatically be re-evaluated and cancelled from the Secondary Market sales.” (Bondora blog)

New Russian originator for Twino

“We have increased the Russian loan supply by adding our second originator. Already more than EUR 1.5 million have been funded during this time.” (Twino newsletter)

Note that this actually took place in August but was only announced in September

New issuer in Bulgaria for Mintos

“The personal loans Cash Credit is set to offer investors on the Mintos marketplace will range from EUR 100 to EUR 1 000, with a repayment period of up to 18 months. The average net annual return to investors will range from 10 to 12%.” (Mintos newsletter)

It’s time to update your auto-invest yet again 🙂

 

Week-end website updates

I hope you all enjoyed the week-end (a long week-end for those in the USA, lucky you !)

For me it was a studious week-end, as I spent a lot of time working on this blog. Here are the resulting changes :

P2P lending

I published several articles and posts :

  • the P2P lending news for August
  • the review of my P2P portfolio for the past month
  • a detailed review of DoFinance, which has a rather innovative offer, making investing in P2P loans an extra-easy experience
  • a comparison of the current P2P lending offers, with a handy table summing up the current offers and conditions. Give it a try !

I also updated the articles about ViaInvest and Grupeer to reflect the changes since I wrote them.

Collective2

I didn’t yet publish anything new since the introduction to the new dashboard, as I’m in the process of updating the existing articles. Indeed, there has been a price change in their auto-trading offers, and it left me extremely unsatisfied !

 

P2P lending portfolio review for August 2017

Overview of the past month

As mentioned last month, I opened an account with Monestro and DoFinance. My Monestro portfolio is currently very small as there aren’t many loans available. Situation with DoFinance is different, as the offer is much simpler; the whole amount was immediately invested for 6 months, with a 12% interest rate. As a result, I’m about to publish a detailed review of DoFinance.

I’m still in the process of withdrawing funds from both ViaInvest and Twino; I’ll use these funds to increase the size in Grupeer.

Current performance

Omaraha

12 months XIRR at the end of July was 26.8, down from 27.6% last month. Details by country are : Estonia 26.9% (down from 27.5%), Slovakia 25.3% (down from 30.7%), Finland 30.9% (down from 34.9%). I will probably simplify my portfolio management by focusing only in Estonian loans. The default rate is a bit lower than last month (0.6% against 0.7%), which is a very reasonable level.

I has to slightly increase my loan size to 30€ in order to invest all my remaining funds. My portfolio now has reached my target size and shouldn’t increase, excepted of course from the interests paid.

Bondora

XIRR for Bondora‘s portolio was 18.18%, stable from last month. I still didn’t test the “portfolio pro” feature; lazy me !

Grupeer

Grupeer still doesn’t provide a XIRR computation but all my loans offer 13% or 14% interest rates. I also enjoyed some nice cashback (1% or more) which will boost my returns. There are now Russian loans offering a 15% interest rate, which will be my next investments.

Mintos

XIRR for Mintos was 12.17% for secured loans in Euro and 16.75% for Lari (Georgia), absolutely stable. There are now some guaranteed loans offering a 13% interest rate; they’re likely to increase my returns a bit. Note that I’m in the process of slashing my GEL portfolio, which (as forecasted) suffered from the EUR/GEL exchange rate.

Swaper

XIRR of my Swaper portfolio was stable at 11.77%. There were still times where all my portfolio wasn’t invested, but the situation seems to be improving !

ViaInvest

XIRR is still displayed as 12.74%. As mentioned above, I’m starting to withdraw all my funds as all new loans only offer a 10% interest rate, not counting the tax withholding. I prefer to invest for a bit longer and get a much better return !

Twino

XIRR is 10.14%; I have less than 100€ left there so it will disappear in September’s edition of this review !

XIRR evolution

I already removed Twino and ViaInvest to make the following graph more readable

Current allocation

My allocation probably won’t change much in the coming months.

New platforms

The next 2 months will be rather busy for me so I may not have much time to research new P2P lending platforms; moreover I don’t have much cash left to invest in them 🙂

 

 

 

P2P lending news for August 2017

Yet another month is over… I updated ViaInvest review in order to reflect the lowered interest rate currently offered.

Here are the news I gathered regarding P2P lending :

More Russian loans for Twino

“We are excited to announce that starting from this week you will see a significant boost in our Russian loan volumes. (…) These are short-term loans with maturity of 1 – 2 months, BuyBack Guarantee and interest rate of 10-11% per annum.” (Twino newsletter)

More loans for Swaper (finally !)

 “Demand for investments on our platform has for some time now been higher than the amount of loans available. We recognize that this leads to cases where some investors are left with money sitting idle on their Swaper accounts. Currently, we are putting around 2 million euros worth of new loans up for investment every month, which is about a 100% increase from where we were at the beginning of the year.” (Swaper newsletter)

Mintos adds loan in Romania and Bulgaria

The following excerpt is valid for both countries :
“The new loans Mogo will place on the Mintos marketplace will range from EUR 500 to EUR 10 000, with a repayment period of up to 72 months. The average net annual return to investors will range from 8 to 14%. Loans with and without the buyback guarantee will be offered.” (Mintos newsletter)

New originator in Latvia for Mintos

“The Mintos marketplace now features consumer loans issued in Latvia by MoneyMetro. (…) MoneyMetro loans placed on the Mintos marketplace will average EUR 400 and have a repayment term of 12 months. The annual net return to investors is expected to reach 11.5%. The loans will be supplemented with a buyback guarantee covering loans delinquent for more than 60 days.” (Mintos newsletter)

African loans in Mintos

“The average Botswana-issued loan GetBucks will place on the Mintos marketplace is EUR 250, with a repayment period of 30 days. The average annual net return to investors will reach 11%. GetBucks will provide a buyback guarantee for loans that are delinquent for more than 60 days” (Mintos newsletter)

Russian loans on Grupeer

“Each loan is issued based on a separate agreement for a period of 2 to 3 months. Loan currency is euro. The interest rate offered to investors is 15% per annum.(…) To secure your investments, Grupeer Platform has applied the following measures: BuyBack guarantee in case of payments delay for more than 15 days.” (Grupeer newsletter)

Grupeer : 1.5% cashback  on development loan

I found out that new investments in the currently listed development loan, offering 13% interest rate, will get 1.5% cashback. This offer is good until September 30th, 2017. (Grupeer website)

New Georgian originator for Mintos

“The average Georgia-issued loan ID Finance will place on the Mintos marketplace will be EUR 1000, with a repayment period of up to 12 months. (…) The annual net return offered to investors will reach 16%. The loan originator will offer a buyback guarantee for loans that are delinquent for more than 60 days. In July 2017, the share of non-performing Solva loans was 4%.” (Mintos newsletter)

New originator for Mintos in Czech Republic

“Czech Republic-issued Creditstar loans on the Mintos marketplace will range from CZK 1 000 to CZK 19 000, with a repayment period of up to three months. The average net annual return to investors will reach 12%.
Creditstar will offer a buyback guarantee for loans that are delinquent for more than 60 days.” (Mintos newsletter)