Omaraha's interface is both ugly AND hard to use

Omaraha review : great returns come at a price

Omaraha’s overview

Omaraha offers mostly partially secured personal loans. The highest interest rates currently available for these loans are slightly above 19%; at least 60% of their capital is covered by the buyback guarantee.

My opinion on 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.

Detailed ratings


There is a wide range of maturities/interest rates available.

Loans liquidity

Compared to last year, the loans volume has increased, making it much easier to invest.


Like everything in Omaraha’s website, the reporting is extremely basic.

Buyback guarantee

As Omaraha‘s buyback guarantee is only partial, it isn’t as generous as their competitors’.

Website ergonomics

It’s by far the most dated platform, with an extremely painful interface.

Omaraha’s pros & cons


  • Excellent performance, in spite of the lowered interest rates


  • Buyback guarantee is only partial
  • Omaraha’s website looks terribly dated and is very hard to use
  • Currently there aren’t enough loans on the platform to meet all investor’s needs
  • Lack of secondary market or early exit option

Loans characteristics

Loans duration

Medium-term : one month to one year

Long-term : more than one year

Loans kinds


Minimal investment

€ 10

Buyback guarantee

Buyback guarantee available


EUR – Euro

Overview of Omaraha’s loans

All of Omaraha’s loans are in Euro.

Although it’s possible fully secured loans, their interest rates really aren’t competitive. Indeed, current interest rates for a 4 months duration is 6%.

Omaraha‘s real strength is their partially secured loans. All the new loans I invest in are long-term (4 or 5 years) Estonian loans with the highest rating. The gross interest rate for these is currently around 34%. Omaraha’s commission is 30%, subtracted from this gross interest rate; as a result, the net interest rate is around 24%.

That’s my first critic towards Omaraha : why don’t they display only the net interest ? It would make things much easier for investors.

I have some leftover loans from Slovakia and Finland but they didn’t perform as well. Indeed, Slovakia’s default rate has been extremely high in the past so I’m wary about investing there, no matter what the interest rate is.

Loans volume

In 2018, the loans supply at Omaraha often wasn’t enough to meet the investors’ demand. In 2019, things seem to have improved.

Buyback guarantee

Omaraha‘s partial guarantee is provided through a warranty fund. It will reimburse between 60% and 80% of the loan balance when the payment is more than 3 months late. The current amount of money in the warranty fund is visible on the help page.

While this amount used to be around € 70,000, it’s now very close to € 200,000, and recent defaults were compensated between 60% and 70%.

Platform’s features

Early exit


Investing methods


Manual investing

Secondary market

Omaraha doesn’t provide this feature, which means you won’t be able to resell your loans before the maturity date.

Manual investing at Omaraha

I use mostly auto-invest, although I also used to select loans manually from time to time.

The ‘Loan applications’ screen, which displays the most recent applications, doesn’t support filtering; you can sort the columns, though. In any case the amount of loans here is rather limited and the auto-invest portfolios will often fill up all available loans, so I strongly advise you to mainly use auto-invest.

Omaraha's interface is both ugly AND hard to use
Omaraha's interface is both ugly AND hard to use


Setting up Omaraha‘s auto-invest (actually called “Investment terms” on the website) is not too difficult once you figure out what interest rate to request for each credit rating. And that’s not an easy task at first.

For each duration, you can indicate the gross interest rate (paid by the applicant) and maximum amount. The bonus allows you to speed up auto-investment : it will give a chunk of interests back to Omaraha, in exchange for a higher priority. I always leave it at 0%, as I’m not in a hurry to invest my funds. The actual interest you’ll receive is displayed as “Loan interest”, but be warned that the bonus doesn’t seem to be taken into account !

Omaraha's auto-invest
Omaraha's auto-invest

But how do you figure out which interest rate to offer ? The “Offers” button displays the following screen.

Omaraha's current interest rates
Omaraha's current interest rates

This table shows the currently available interest rates for each duration and rating. Is has been much simplified compared to the previous version, a more than welcome change ! The previous one was basically unreadable; it’s good to see that Omaraha is finally making some efforts towards a more easily used website.

Note that setting the interest rate slightly below the value displayed by the table may speed up your auto-invest speed, as there will be less competition between investors at lower rates.

Website’s ease of use


English, Russian, Estonian

Funding methods

Account funding and funds withdrawal

Website’s design and ergonomics

That’s my #1 concern with Omaraha. While there’s been some improvement on the interest rates screen, there’s still a lot to do.

For most websites, it’s straightforward to invest your money, either manually or automatically. But Omaraha makes this task rather hard, due to a poor user interface and weird design choices. We already saw that they choose to display the interest rate paid by the borrower (gross rate) instead of the interest rate paid to you, but there are other choices just as annoying.

Take the credit rating : most P2P lending sites rate credit a simple way, like A / B / C. Omaraha, on the other hand, uses a credit rating (called “score”) between 0 and 1000, and only accepts requests scoring above 600. So as investors, we only saw scores from 600 to 1000. Why not simplify the scale ,

Just to show again you how little they care about bells & whistles, here’s an e-mail sent by Omaraha , announcing the opening of a new country :

Apparently HTML emails are too cutting-edge for Omaraha !

Available languages & translations quality

Surprisingly, the English translation of Omaraha‘s website is really correct; their translator is apparently much more talented than their web designer !


The statistics are rather basic, and just like the rating system, you’ll struggle a bit at first before understanding it.


Well, there’s an “Investing help” section, I can’t deny it. Unfortunately it’s totally useless, so investors are basically left alone understanding how things work.


Finally one positive aspect ! I’ve been in touch with the support twice and their answers were quick and helpful. There’s also an English forum which you can use for general questions.

Communication from the platform​

Omaraha is quiet, very quiet. In 3 years at the platform, I only received slightly more than 10 e-mails. Out of these, exactly ONE was in English; the others were in Estonian and thus unreadable.

Actual performance of my Omaraha portfolio


At the end of August 2020, the XIRR for my Omaraha portfolio was 19,00%.

Although Omaraha is by far the worst platform I know in terms of user experience, there's no denying that the performance of this portfolio is excellent. For individual loans, it's the undisputed #1 platform !

Don't hesitate to read my most recent crowdlending portfolio review for detailed platforms performance comparison as well as historical performance.

Portfolio creation date

I created my Omaraha portfolio in November 2016.

Omaraha's main competitors

For a detailed comparison of the different p2p-lending marketplaces, check out this article.

Omaraha's facts & figures


Haapsalu, Estonia

Loans amount financed

€ 68,521,400

As of January 2020

Who can invest at Omaraha

Investor – a person of at least 18 years of age who resides permanently in Estonia or in another European Union country who has a valid identity document (passport or ID-card) issued in said country and who has signed the general Investment Terms through the Portal’s Investment Account. An Investor may also be a legal person if granting credit is not its principal commercial, economic, or professional activity and the granting of credit to a natural person is not deemed consumer credit under the law of the Borrower’s country of residence.

Omaraha Terms Of Service


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.

12 thoughts on “Omaraha review : great returns come at a price”

    • Hi,

      I’ve been a FinBee investor for a while but I never got around to writing a review as the number of options for auto-invest felt overwhelming. Now that they simplified it, I resumed writing the review. Overall I like the platform, but my returns are a bit deceiving (12.65% XIRR); I should probably use more aggressive auto-invest settings !

  1. Hi Jerome,

    first of all, thanks for all the usefull information. Compliments to your website!

    My experience with Omaraha are rather dreadfull. I have invested through 10 other platforms but the registration process to become a new user on Omaraha are totally crap.
    I registered, transfered small amount of money (for the identification process), and soon after that I could not log in anymore.
    Also clicking on the request link for resetting the password did not work. Omaraha keeps saying the problem lies with my email program (Outlook). No emails show up in my spam box though. It is the first platform that I encounter with such a shitty enrollment process.
    Does anybody else have the same experience?


    • Many thanks to you for the compliment ! If I understand correctly, you managed to log on initially (in order to get the transfer references), then you were unable to login anymore, right ?

      • Correct, I managed to register initially, then made a identification bank transfer of EUR1,-.
        Couple of days after I was not able to log on anymore, nor did the password resetting process of Omaraha work.
        Emailed a couple of times. They stated that their system has sent a password reset link email, but nothing showed up in my inbox nor spamfilter.
        So emailed to the helpdesk again and they changed my initial email address with an alternative email address that I have provided them with. But, lo and behold, nothing happened here also. The same problem keeps existing.
        I am so fed up with their crappy platform that I have asked them to terminate my account and transfer my fund back to my banking account.

  2. Hei Jerome,

    I recently registered in Omaraha. I see that you can open and investment account in Slovakia, Finland and Estonia. But also a “secured investment account” in Estonia. Do you know what makes this one account different from the others? Is it only for the Fully secured loans

    • Secured loans have a 100% buyback guarantee (actually it’s closer to a “payment guarantee”, as the monthly repayment are guaranteed to happen on time). Unfortunately the interest rates aren’t interesting.

      Currently the best choice for Omaraha’s loans seems to be Estonian loans; I invest in the highest-rated loans yielding 34% gross, which is slight less than 24% net. Eventhough the buyback guarantee is only partial, my XIRR is slightly below 20% and is very stable !

      • I’m having problems understanding the site. I’m in the Estonian loans page, I have saldo in my estonian ccount. When I put the amount I want to invest, i put the verification code and then I’m sent back to the loans list. The investment has not gone through. Do you send yourself a new verification code everytime you invest in a loan?

        • Are you trying to invest manually (on the “Loan applications” page), or through auto-invest (“investment terms” page) ? In the latter page, investments aren’t immediate; actually last week my auto-invest nearly didn’t invest anything. I usually set the interest rate 1% below the max value (displayed using the “Offers” button), which currently means 34% gross for the highest-rated Estonian loans.

    • Hi Steve,

      As far as I know, they don’t have an affiliate program. Before you sign up there, make sure you have enough aspirin available 🙂


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.