My opinion on ViaInvest
ViaInvest’s pros & cons
- Website is user-friendly, even for beginner investors
- The uniform interest rates mean that investors have fewer choices to make
- Low interest rates
- Tax withholding mechanisms, which reduces performance even further
Overview of ViaInvest’s loans
Since June 2019, all new loans offer the same 11% interest rate. Although there are a few installment loans with a duration close to one year, the overwhelming majority are short-term loans.
Borrowers are located in Latvia, Spain, Czech Republic, Poland and Sweden.
In addition to this rather low interest 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). I’s apparently possible to avoid it by providing a tax certificate, but getting it in France is a big headache so I didn’t bother.
In the past, the platform suffered from several cash drags, as there were not enough loans available to meet investors’ demand. Fortunately, the loans supply has greatly increased.
There are currently five loans originators A loan originator is the firm that originally provides the loan to the borrower.
They usually lend a small percent of the amount using their own funds, while the
remaining is put on sale on loans marketplaces. The part of the loan kept by the
originator is called called skin in the game; it’s typically 5%-10% of the
loan amount, and is supposed to encourage originators to provide quality loans. present on ViaInvest; that’s one for each country where loans are offered.
Like most P2P companies, ViaInvest‘s buyback guarantee A buyback guarantee is a guarantee provided by the platform or a loan originator.
If repayment of a loan is delayed by more than a given delay (usually 30 or 60 days),
the platform or loan originator will buy back the loan. The guarantee may cover only
part of the capital, or in a much more interesting case, both the capital and accrued
interests. As the conditions vary from one platform to another, it’s very important
to check this point. will refund both accrued interest and principal after 30 days of default.
There’s no secondary market The secondary market is a marketplace allowing investors to sell loans from their
portfolio to other investors. This is useful if they need to get their money back
before the loan’s maturity. at ViaInvest. As most loans are short-term, it’s not a big deal.
For medium-term loans – as well as short-term loans which got extended more than 120 days, effectively making them medium-term -, it’s possible to use the Buyback feature. This mechanism, which shouldn’t be mistaken with the buyback guarantee simply means that it’s possible to sell your loans back to the platform after 120 days. Selling loans this way is free and instantaneous.
Manual investing at ViaInvest
While it’s possible to invest manually through ViaInvest‘s loans list screen, there’s little point in doing so. I strongly encourage investors to save time by using the auto-invest feature !
The platform provides little detail about borrowers; however, all loans on the platform are basically the same, so it’s kind of pointless to look at them in detail anyway.
One of the rare positive aspects of ViaInvest is that the auto-invest feature is very easy to configure.
Although there’s a Buyback guarantee toggle on the screen, it’s read-only as all loans on the platform come with such a guarantee.
Website’s ease of use
ViaInvest’s registration process
It takes very little time to register.
Account funding and funds withdrawal
The only available method is SEPA transfer.
Website’s design and ergonomics
Overall the website is well designed, readable and and easy to navigate. There’s currently a very annoying scrolling ad at the bottom of the screen; apart from this, using ViaInvest‘s website is very pleasant.
Available languages & translations quality
The English translation of ViaInvest‘s website is of good quality. Other languages seem to be available, but it looks like only the front page got translated !
The reporting options are rather poor; apart from the investments list and account statement, very few statistics are available. For example, one very basic feature which is missing is an overview of the loans status. Nearly all platforms will display the percentage of current and late loans in your portfolio, but this information isn’t available at ViaInvest.
The FAQ A FAQ is simply a compilation of Frequently Asked Questions is useful, as it’s both extensive and well-written. On the other hand, the How it works section is basically useless and provides very little useful information.
Investors can get in touch with ViaInvest by e-mail, phone or via a live chat box.
Communication from the platform
ViaInvest is a rather quiet platform; investors will mostly receive account summaries as well as an occasional newsletter. The frequency of the account summaries is configurable on the Settings/Site settings page.
Portfolio creation date
I created my ViaInvest portfolio in August 2019.
ViaInvest’s main competitors
For a detailed comparison of the different p2p-lending marketplaces, check out this article.
ViaInvest’s facts & figures
Number of investors
Loans amount financed
As of August 2019
Who can invest at ViaInvest
Both private and legal entities are welcome to invest with VIAINVEST.
To begin investing as a private individual, you must be at least 18 years old and hold a tax residency within one of the European countries or Switzerland. In order to start investing feel free to complete the registration process and make the first deposit to your VIAINVEST investor account. If personal information stated in your investor profile matches the bank information of the person transferring funds to the VIAINVEST platform, the investor profile becomes active and you are able to start investing.
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. If the information provided upon registration matches the company information appearing when transferring funds, investor account is confirmed.
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.