Twino review

Overview

Just like Mintos, Latvia’s Twino is one of the pioneers in the P2P lending area. How do these two compare ? Let’s find out !

Available loans

Twino offers both secured and unsecured loans. I only invest in secured loans there, mostly in short- term durations (one year or less) and offering an interest rate over 10%.In the past Twino had troubles using all my available funds; now it usually works well although it may still take some time.

Buyback

Twino actually offers two different kinds of buyback, depending on the loan. The classical buyback reimburses both principal and accrued interest if the borrower is more than 30 days late, which is shorter than some competitors. Other loans appear under the “PG” label (payment guarantee), and guarantee actual payment on time, according to schedule. They allow for a more predictable cash-flow.

I don’t see much advantage to use the “PG” loans, so I allow both kinds of buyback.

Website ergonomics

It’s rather basic compared to Mintos; setting up auto-trade is actually a bit painful as it doesn’t show clearly what the effect of your settings would be.

Reporting

The dashboard and account statement are readable and clear.

Actual performance

My XIRR is 10.38%, which is nice but lower than Mintos

Conclusion

Between Mintos and Twino, my preference goes without a doubt to Mintos. They have a much larger loans volume and various loans terms, the website is much easier to use.

Interest rateInterests rate for secured loans are rather low
Loans availabilityMore loans wouldn’t hurt
BuybackPayment Guarantee is an improvement over the common Buyback
Website ergonomyIt works reasonable well, although auto-invest could be improved
ReportingStandard reporting features are available
Global ratingTwino lags behind Mintos in nearly every area

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