My overall opinion on Grupeer
Swaper's pros and cons
1 month or lessr
Buyback guarantee available
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 :
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.
Secondary market available
Website's ease of use
English, Latvian, German