Swaper review

Swaper review

Swaper’s overview

Swaper allows to invest in short-term loans (one month) offering a buyback guarantee. As such, it’s a direct competitor to Robocash. How do these two platforms compare ? Let’s find out !

My opinion on Swaper

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. Moreover, as Robocash lowered their interest rate to the same level as Swaper, the latter became a better choice thanks to the much better ergonomics of their website. Moreover, investors willing to invest €5000 or more through the platform will be rewarded with an excellent 14% interest rate !

Detailed ratings

Interest rates

Swaper‘s interest rates are 12% yearly, which is basically the norm for such loans. If you qualify for the loyalty bonus, the 14% interest rate actually deserves 5 stars !

Loans liquidity

The loans volume has increased, but use of auto-invest is mandatory !


Account statement and investments list offer the usual features.

Buyback guarantee

The buyback guarantee usually triggers after 30 days.

Website ergonomics

The platform is easy to use and really responsive.

Swaper’s pros & cons


  • Platform is easy to use
  • “Loyalty bonus” offering 14% interest rate if your account is larger than €5000


  • Interest rates are rather low compared to more speculative loans kinds

Loans characteristics

Loans duration

Less than 1 month

1 month to 1 year

Loans kind


Minimal investment


Buyback guarantee

Buyback guarantee available



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 :

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.

Buyback guarantee

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.

Platforms features

Secondary market

Secondary market available


Auto-invest available

Secondary market

There’s a secondary market available, should you want to resell your loan. There’s no fee involved, which is more and more common.

Auto-invest feature

The auto-invest feature is really easy to configure.

One minor annoyance though, actually also found in ViaInvest‘s website is the color scheme used for toggles. 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 :

Website’s ease of use


English, Latvian, German

Funding methods

Website’s design and ergonomics

Swaper‘s 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, link Mintos.


The website offers common reporting features such as investments list or account statement. Some of this data is downloable as an Excel file.


I got in touch with Swaper‘s 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

As of October 2018, my XIRR was 12.05%. It’s been increasing for many months, after a period of cash drag where I had many idle funds in my account due to a lack of loans. 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 !

The XIRR displayed by Swaper now basically matches my own computations; it used to be grossly over-estimated, which was a bit weird.

Swaper’s competitors

I used to recommend Robocash over Swaper thanks to the better interest rates. However, now that Robocash’s rates were lowered to 12%, Swaper actually becomes a better choice as their website is much more user-friendly.

Swaper’s facts and figures


Riga, Latvia
As of November 2018

Who can invest

To become an investor you need to be at least 18 years old, be a resident of a European Economic Area (EEA) country and have a bank account in a bank situated in an EEA country. An individual is recognized as a resident if he or she is a citizen, has a residence permit or is registered as a tax payer in an EEA country. (Swaper FAQ)


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.

4 thoughts on “Swaper review”

    • 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.

    • 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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