My opinion on ViaInvest
The current interest rate is extremely low… and tax withholding lowers it even more !
Deposited money is invested very quickly
Investments list, account statement and account overview are readable
Standard buyback clause
*Viainvest*’s website is easy to use
ViaInvest’s pros & cons
- Website is user-friendly, even for beginner investors
- Low interest rates
As of October 2017, ViaInvest only offers loans from Poland with a 10% interest rate. Other countries were previously available (Spain, Czech Republic, Latvia) but aren’t currently listed among available loans. This is much lower than Robocash‘s or Swaper’s 12% interest rate !
ll loans are short-term, the longest one being less than 2 months.
In addition to this rather low rate, there’s some tax withholding taking place, eating between 15% and 23% of your profits (depending on the country – see the FAQ for details). You can apparently prevent it by providing a tax certificate, but getting them in France is a big headache so I didn’t bother.
Like most P2P companies, ViaInvest will refund both accrued interest and principal after 30 days of default.There’s also one aspect I didn’t realize earlier. You have the opportunity to ask for a forced buyback if a loans gets extended more than 90 days. To do so, visit the detailed loan page and clock on the “Initialize buyback” button located on the right side. You usually won’t need to use this option unless you want to withdraw some cash.
On the bright side, auto-invest is really easy to setup : choose the maximum investment per loan, the remaining loan term, minimal loan rate and you’re done !
It’s possible to invest manually but it’s not worth the trouble, as there’s no large difference between loans.
Website’s ease of use
English, German, Latvian
Website’s design and ergonomics
ViaInvest’s website is easy to use. As the loans interest are mostly uniform, you won’t spend much time setting up auto-invest ! One mildly annoying thing is the toggle buttons in the settings. It’s hard to tell if a “Yes” button means that the setting is on, or if it becomes “Yes” once clicked. A checkbox would be much clearer !
Actual performance of my ViaInvest portfolio
My net annual return shown by the website is 12.75%, which is nice. However I’m a bit puzzled about it as it doesn’t seem to include tax withholding. Moreover, it mostly reflect the performance of a portfolio with only 12% interest rate loans; new portfolios will probably have lower returns.
ViaInvest’s facts and figures
Who can invest
Both private and legal entities are welcome to become investors at VIAINVEST. To begin private investments as an individual, you must be at least 18 years old, must complete the registration process and make the first deposit to your VIAINVEST investor account (VIAINVEST accepts payments only from banks within the European Union). (…)Similar requirements also apply to the legal entities – to start investing, the legal entity must register to open the investor account and make the first deposit. Payments made by legal entities are also accepted if transferred from the bank operating within the European Union. (ViaInvest 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.