ViaInvest review

ViaInvest review

ViaInvest's overview

With the current returns, ViaInvest is not really competitive. For short-term investments in payday loans, both Swaper and Robocash are much better choices. focuses on short-term, secured loans. The interest rates are slightly above 10%.

My opinion on ViaInvest

With the current returns, ViaInvest is not really competitive. For short-term investments in payday loans, both Swaper and Robocash are much better choices.

Detailed ratings

Interests rate

The current interest rate is extremely low… and tax withholding lowers it even more !

Loans liquidity

Deposited money is invested very quickly

Reporting

Investments list, account statement and account overview are readable

Buyback guarantee

Standard buyback clause

Website ergonomics

Viainvest’s website is easy to use

ViaInvest's pros and cons

Pros

  • Website is user-friendly, even for beginner investors

Cons

  • Low interest rates

Loans characteristics

Loans duration

1 month or less

 

Loans kind

Individual

Minimal investment

€10

 

Buyback guarantee

Buyback guarantee available

 

Currencies

Euro

 

Available loans

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 14% interest rate ! All 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.

Buyback guarantee

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.
ViaInvest loan details
ViaInvest's loan details

Platform features

Secondary market

Secondary market available

Auto-invest

Auto-invest available

Auto-invest feature

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 !
ViaInvest's auto-invest screen
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

Languages

English, German, Latvian

Funding methods

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 !

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)

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 competitors

3 thoughts on “ViaInvest review

  1. You seem to know a whole lot of this P2P funding thing and I have one question:

    Do you earn (into your web account) that 10-12% Interest Rate after the stated “Closing Date” of the project?

    I am asking this because I’m confused on the “anual 12%” and then the project says its only 30 days for the “loan term”…

    • Hi Iwan,

      Interests rates are nearly always computed yearly; this helps when we want to compare then. Otherwise, it would be harder to compare loans with different durations.

      However, most P2P loans interests are reimbursed monthly. If the loan term is 30 days, you’ll be reimbursed interests and capital after 30 days; if it’s longer, you’ll usually be reimbursed interests once per month, and the capital at the end of the term. This is the common situation for loans to individuals; if you invest in business or real-estate loans (like through CrowdEstate or BulkEstate) it may be different.

      I hope this answers your question. Don’t hesitate to get back in touch otherwise, or for additional info !

      Have a great day

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