Swaper review


Swaper is one of the many newcomers in the P2P lending world. After a first batch of investments in Mintos, Twino, Omaraha and Bondora, I invested some money in Swaper. Is it worth it or should you stick with established players ? Read on for my thoughts about it !

Available loans

Secured loans offer a 12% interest rate for a 1-month duration, sometimes longer. Borrowers are located in various European countries : Spain, Poland, Denmark, Georgia.

If you invest at least 5000€ in the platform, you’ll get what they call a “loyalty bonus”, meaning an interest rate of 14%. That’s very interesting if you have that amount available for investing !

For a while, Swaper had troubles handling the amount of money deposited on the portal, thus you often found yourself with a large idle account balance. That was my main concern about this company, and the reason why the sum I invested there was extra-low. Since August 2017, Swaper is supposed to have doubled the amount of monthly available loans. The situation has really improved and most of my funds are invested now.

I previously used a neat trick I discovered in Financially Free blog, which helped me to invest more funds. I created several auto-investment portfolios and it resulted in less idle funds. However, the auto-investment process had been redesigned and it’s not possible to create several portfolios anymore.

For those of you who’d be tempted to invest manually, here’s what the available loans list typically looks like :

Swaper available loans

Yes, that’s right! Only one loan is available, and a delayed one ! Juicy ! (insert crying investor emoticon). All available loans are invested in by people using the auto-invest feature, so I strongly advise you to also use it.


Swaper will refund both accrued interest and principal after 30 days (for short-term loans) or 60 days (for long-term loans). This is more or less the standard practice in P2P lending.

Secondary market

There’s a secondary market available, should you want to resell your loan. There’s no fee involved, which is a rare occurrence !

Website ergonomics

The website works well. Overall there are not many settings to toy with, as the range of available loans can’t compare to other P2P lending websites out there.

One minor annoyance though, actually also found in ViaInvest‘s website is the color scheme used for the auto-invest screen. Surprisingly, a red toggle actually means “on”. I really can’t figure why they don’t use more classical checkboxes instead !

Apart from that, this screen is extremely readable, as you can see in this screenshot :


I got in touch with the support regarding the secondary market. It was on a Friday evening so of course they didn’t reply immediately, but they did so first thing on the next Monday morning. The answer was precise and to the point.

Actual performance of my Swaper portfolio

My computed XIRR in January 2018 was 11.83%. It’s been increasing for several months, in spite of the sporadic idle funds. A word of caution though : I have cut my portfolio size by half in order to avoid having unused cash a few months ago and didn’t restore its full size yet. A larger portfolio size may result in a lower return rate if there are not enough loans available !

Note that Swaper displays a slightly higher XIRR (around 12%), which seems to be optimistic in regard to the past cash drags !


Loan availability has for a long time been Swaper’s main flaw. The situation has improved, making this platform worthwhile for those who want to invest in short-term loans. The offered interest rate is much higher than at ViaInvest; Robo.cash offers even better returns, but as it’s a very recent platform we’ll have to see if it lasts.

Interest rateStandard offer for short-term loans; if you qualify for the loyalty bonus, the 14% interest rate actually deserves 5 stars !
Loans availabilityThe loans volume has increased, but use of auto-invest is mandatory !
BuybackStandard terms
Website ergonomicsEasy to use and really responsive
Reporting Account statement and investments list offer the usual features
Global ratingSwaper is now great choice for short-term investing

(last update : February 12th, 2017 )

4 thoughts on “Swaper review

    1. Hi Jørgen !

      Currently all my funds are invested, but a few days ago there was still a little amount available. I’ll check back again during the month and update my review accordingly !

      Thanks to your comment I just discovered your blog, and will be checking Robocash – although to be frank I don’t have any additional fund to try them our right now 🙁 –

      Have a nice day !


  1. Hi Jérôme. Good to hear that your funds are invested. I actually like Swaper quite a lot. If you have any problems with cash drag feel free to contact me. I have not had a single day where my money has not been invested. You might need to change your auto-invest setup. I wrote a small guide in my Swaper review.

    1. Well, with the 2% additional interest rate, Swaper may actually become very interesting – provided one is ready to invest 5000€ in order to get the Loyalty bonus-.

      It actually pained me that there were not more loans available in their platform, so I would be pleased if the situation improved !

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