Filtering the data
Investors who know which loans they want to invest in can easily find which platforms match their preferences, using the following criteria :
- Loans kind
- Investment duration
- Buyback feature
- Auto-invest availability
- Presence of a secondary market or other early exit mechanism
This index doesn’t include reviews for platforms in my blacklist – although I keep them updated – .
Loans kinds
Which loans do you want to invest in ? Individual loans are rather standard, and in most case come with the added safety of a buyback guarantee. They’re often rather short-term, although car loans usually span over several years. Business and real-estate loans often offer higher returns, but they are more speculative and may not be covered by a buyback guarantee.
Loans durations
For how long do you want to invest ? If you want to invest in long-term loans, it’s strongly advised to use a platform that features a secondary market or offers an early exit option, in case you need to access your funds before the loan maturity date.
Buyback guarantee
Loans covered by a buyback guarantee are safer than those without it. Learn more about the buyback guarantee on our article about borrower’s default.
Early exit (secondary market or platform buyback)
A very useful feature when investing in long-term loans is a secondary market, which is a marketplace where investors may resell their loans to other investors. Other platforms offer a buyback option, meaning that they will buy the loan back; however, this usually incurs a rather large fee.
Investing methods
Being able to invest automatically based on your investment preferences has several benefits : it allows to save time, prevents tedious and repetitive loans selection, and increases diversification. However, while this feature is standard for individual loans, not all platforms for business and real-estate loans offer it.
CrowdEstate
While in the first half of 2018 CrowdEstate was somehow victim of their success, the situation has improved a lot. Indeed, the loans supply and demand are now much more balanced, and the auto-invest process has been improved in order to allow time for manual investments as well.
Although the real-estate loans became less speculative, they still offer excellent investment opportunities. In addition, the excellent ergonomics of the platform and the great level of details provided for investments make it a great choice for user who want to transition to non-guaranteed loans.
Loans characteristics
Platform features
Crowdestor
In a rather short time, Crowdestor managed to become my favorite platform for speculative loans ! Indeed, between the excellent performance, the large supply of diversified loans and the solid buyback guarantee, it’s hard not to be impressed ! I only regret the lack of an auto-invest feature as well as of a secondary market The secondary market is a marketplace allowing investors to sell loans from their
portfolio to other investors. This is useful if they need to get their money back
before the loan’s maturity..
Loans characteristics
Platform features
EstateGuru
While the interest rates offered by EstateGuru‘s projects are lower than at Crowdestor or BulkEstate, they provide great investment opportunities for those who want a more conservative portfolio. It’s also an excellent complement to CrowdEstate‘s real-estate loans.
EstateGuru’s long list of successful investments (as well as the way they managed the defaulted projects) help build confidence in this platform. It took me a long time to invest there, as I initially targeted more speculative loans. However, I’m planning to grow this portfolio regularly, in order to have a more balanced loans portfolio.
Loans characteristics
Platform features
Grupeer
While Grupeer‘s interest rates have decreased in late 2018, the performance of the platform is still very good – especially when taking advantage of the cashback campaigns -. For investors who want to start investing in loans other than individual loans, it’s an excellent choice thanks to the ease of use and great buyback guarantee.
Loans characteristics
Platform features
Mintos
Mintos‘ success is well deserved ! They deliver an excellent and very regular performance, and the impressive loans volume means that basically any amount can be invested without fearing a cash drag. Also, thanks to the availability of investing methods other than manual or auto-invest, even beginner investors can easily invest through the platform.
Loans characteristics
Platform features
DoFinance
DoFinance offers great returns for such a simple product. Although Mintos‘ Invest & Access is an obvious choice for easy investments, DoFinance’s guaranteed returns and high transparency make it an excellent complement to Mintos.
I only regret that their offer has become a bit confusing, with many strategies to choose from and different early exit conditions !
Loans characteristics
Platform features
Ekassa
Until Mintos launched their Invest & Access product, Ekassa was my favorite platform for painless investing in peer-to-peer loans. However, their lack of transparency incites me to recommend Mintos as a primary choice.
Loans characteristics
Platform features
Iuvo
As several platforms are under suspicion in early 2020, Iuvo‘s focus on reliable loan originators makes it an excellent choice for investors concerned about the safety of their investments. The platform’s main drawback are the lack of a secondary market, and of course the reduced returns incurred by having only quality originators.
Loans characteristics
Platform features
Lendermarket
Thanks to 12% interest rates, very reliable loan originators and a simple but effective website, Lendermarket‘s offer is very appealing.
Loans characteristics
Platform features
Omaraha
I used to really love Omaraha and have invested up to 60% of my P2P assets there. For a long time, it was totally worth investing some time (and of course money) there, in spite of the terrible interface. But now that the interest rates and loans volume have decreased, it’s harder to recommend it as much as I used to; I’ve also reduced my portfolio’s size.
In spite of this, for investors who want to focus solely on individual loans, Omaraha still offers the best returns.
Loans characteristics
Platform features
PeerBerry
Thanks to the large selection of reliable loan originators A loan originator is the firm that originally provides the loan to the borrower.
They usually lend a small percent of the amount using their own funds, while the
remaining is put on sale on loans marketplaces. The part of the loan kept by the
originator is called called skin in the game; it’s typically 5%-10% of the
loan amount, and is supposed to encourage originators to provide quality loans., overall ease of use and good returns, I’ve decided to increase PeerBerry‘s overall rating.
Loans characteristics
Platform features
Viventor
Loans characteristics
Platform features
BulkEstate
BulkEstate is a nice complement to real-estate crowdfunding leader CrowdEstate. The featured projects offer a good risk/reward ratio for investors who want more speculative loans than at EstateGuru.
Loans characteristics
Platform features
FinBee
In spite of the high interest rates, the performance of my FinBee portfolio is rather low, as the loans aren’t covered by a buyback guarantee. Guaranteed loans from Mintos and Fast Invest are probably better choices for investors seeking for predictible and regular returns.
Loans characteristics
Platform features
Swaper
Like Robocash, Swaper will mostly appeal to short-term investors; for longer durations, many platforms offer higher returns. Overall, Swaper looks like a better choice than their direct competitor Robocash, thanks to the better ergonomics and translation. Moreover, as the platform finally managed to increase the overall loans volume, the cash drags that regularly plagued the platform seem to be a thing of the past.
Swaper is also a great choice for investors who plan to invest at least € 5,000; indeed, the Loyalty bonus will grant them a 14% interest rate, making this platform extremely competitive !
Loans characteristics
Platform features
Bondster
While Bondster‘s interest rates are great, the actual performance doesn’t meet my expectations; I’ve been investing on the platform for 8 months and my performance barely reaches 10%.
Loans characteristics
Platform features
Debitum Network
Being a speculative investor, I find Debitum Network‘s returns too low; however, their very solid risk management will strongly appeal to conservative investors.
Loans characteristics
Platform features
Flender
Flender is a great way to finance businesses in Ireland. The returns are competitive and in spite of minor usability troubles, the website is easy to use. Unfortunately, the current loans volume is too low to have a really diversified portfolio, or invest large sums.
Loans characteristics
Platform features
Robocash
After Robocash decreased their interest rates from 14% to 12%, it lost much of its interest. Indeed, many competitors offer higher returns, and often have a much better ergonomics. However, this platform may still appeal to very short-term investors.
Loans characteristics
Platform features
ViaInvest
Loans characteristics
Platform features
Bondora
Too much marketing, not enough returns : Bondora totally fails to deliver the expected results. It’s hard to be confident in long-term results when a portfolio’s returns decrease month after month ! If only Bondora spent as much time improving the returns as they spend working on their marketing, all their investors would be rich. But for now, all we have is promises of great expected returns. I’d advise investors not to listen to their marketing tricks, and to invest through a company that actually focuses on investors.
Loans characteristics
Platform features
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