Bondora provides individual loans. The yearly interests rates vary greatly depending on the borrower’s profile; they can be as high as 200% (!) for the most speculative ones. Of course, given their sometimes insane interest rates level, these loans don’t come with a buyback guarantee, and the default rate is huge.
My opinion on Bondora
Bondora’s pros & cons
- Investing is very easy using Portfolio Manager
- Excellent liquidity
- Actual returns are far from the expected ones
Bondora’s Go & grow
Most P2P lending sites allow you to specify at least a risk level and a desired interest rate and often have a granularity by country. Unlike those, Bondora‘s Portfolio Manager only lets you choose an investment profile, and gives you an estimation of the expected return.
This estimation should really be taken with a pinch of salt; I have yet to read a review of Bondora where the expected returns were met.
Use of secondary market is free
Auto-invest is actually called Portfolio Pro at Bondora. It allows you to configure the desired country, borrower’s rating, loan duration and maximal investment by broker. Given these parameters, it estimates the returns and matching loans volume.
Website’s ease of use
English, Eesti, Español, Suomi, Deutsch, Pусский, Čeština, Français, Norsk, Italiano, Svenska, Dansk, Polskie, Nederlands, Português
Website’s design and ergonomics
Browsing the website is straightforward and it’s easy to find what you need.
There are many reports available, including a handy cashflow planning. Here’s a sample of what you’ll find on the statistics screen :
You also have the opportunity to create reports like the list of your investments, account statement, tax report… and export them as Excel files. That’s very handy for those who want to compute statistics themselves !
Actual performance of my Bondora portfolioInitially, the expected performance of my Bondora portfolio was above 16%. In reality, as of November 2018 it currently stands below 10% and sinks a bit more each month. Bondora’s advise is that investors should keep on investing, as recoveries are supposed to improve the performance later. I’m totally unconvinced by this response, and started cutting the size of my portfolio.
Bondora’s facts and figures
Loans amount financed€ 164 900 000
As of November 2018
Who can invest
Anyone over the age of 18 living in the European Union, Switzerland or Norway and businesses registered in the EU or from any other country approved by Bondora. If you are an investor from Australia, Brazil, Canada, Hong Kong, India, Japan, South Korea, Mexico, Singapore, South Africa or The United States of America then we need to verify that you are an “accredited investor”. As part of the verification process we ask you to send us different information and documents.
Please note that this review may contain affiliate links. It means that I will earn a commission if you decide to invest after clicking through the link – at no additional cost to you, of course -. Please understand that I have experienced all of these companies, and I recommend them because they are helpful and useful, not because of the commissions I make if you decide to invest through my links.