P2P Lending

mike_cork

Clara Sparse Windbreak wrote: »

A quick Bondster update. I am approx 3.5 months invested with Bondster. Here are May, Jun, Jul approx figures on 500 EUR invested. I am invested in only short term 13% loans.

MAY | 1.76 | 1.62 interest, 0.14 penalties
JUN | 2.73 | 2.57 interest, 0.16 penalties
JUL | 9.00 | 4.25 interest, 4.75 penalties

Total for the three months: 13.49
Estimated return for the year ~ 55 EUR or ~ 11%

V poor.
I've started pulling out of Viventor and bondster due to the poor returns (and in Viventors case 52% of my loans are late).

ct5amr2ig1nfhp

I suspect it may be down to how the loans are reported and paid (including interest). Both Bondster and Viventor receive delayed payments interest, so funds should technically earning a return whether current or delayed. I do not see any mention of "grace period" on either platform.

Viventor returns based on my own calculations:

MAY | 10%
JUN | 7%
JUL | 8.5%

XIRR is 12.9% according to my overview page. I will reach out to Viventor for comment.

mike_cork

Clara Sparse Windbreak wrote: »

I suspect it may be down to how the loans are reported and paid (including interest). Both Bondster and Viventor receive delayed payments interest, so funds should technically earning a return whether current or delayed. I do not see any mention of "grace period" on either platform.

Viventor returns based on my own calculations:

MAY | 10%
JUN | 7%
JUL | 8.5%

XIRR is 12.9% according to my overview page. I will reach out to Viventor for comment.

Let us know what they come back with

ct5amr2ig1nfhp

Some Brexit discussion.
There are currently three UK LO's on Mintos, 1PM (A) Novaloans/Cash4UNow (B+) and Peachy (B). 1PM have loans in GBP, while the other two have loans in EUR. Only Peachy appear to have loans available on the Primary Market.

I removed UK LO's from my portfolio some time ago. Have others done the same?

Lazy Bhoy

Clara Sparse Windbreak wrote: »

Some Brexit discussion.
There are currently three UK LO's on Mintos, 1PM (A) Novaloans/Cash4UNow (B+) and Peachy (B). 1PM have loans in GBP, while the other two have loans in EUR. Only Peachy appear to have loans available on the Primary Market.

I removed UK LO's from my portfolio some time ago. Have others done the same?

Yes, I have just recently started to do the same. All of the UK loans that I have now are from Peachy and I have currently reduced the amount down to around 4.5%


I have not started to sell them on the secondary market but I have just stopped taking up any new ones for the moment. I will let them run down but wont take on any more from the UK until I see how Brexit pans out.

vargoo

mike_cork wrote: »

V poor.
I've started pulling out of Viventor and bondster due to the poor returns (and because in Viventors case 52% of my loans are late).

Poor? Really?

vargoo

Clara Sparse Windbreak wrote: »

Some Brexit discussion.
There are currently three UK LO's on Mintos, 1PM (A) Novaloans/Cash4UNow (B+) and Peachy (B). 1PM have loans in GBP, while the other two have loans in EUR. Only Peachy appear to have loans available on the Primary Market.

I removed UK LO's from my portfolio some time ago. Have others done the same?

Peachy is a dog of a company.

Nova - I might not go for a 12 month loan but otherwise I don't pass any remarks on Brexit, nothing gonna happen overnight.

mike_cork

vargoo wrote: »

Poor? Really?

Yes- in comparsion to the returns I have received on other platforms

ct5amr2ig1nfhp

Now a 4% drop in rates in some LO's like Dinero. There are currently little or no loans above 12% on the Primary Market.

retalivity

Mintos auto-invest seems to have completely stopped altogether. Ive had nothing reinvest automatically since last week

sKeith

retalivity wrote: »

Mintos auto-invest seems to have completely stopped altogether. Ive had nothing reinvest automatically since last week

Would the drop in return rates cause none of the current loads to fall within your auto invest criteria?


12% loans seems the max short term now.

bohsman

Invest and access average rate down to 11.66% too from a high of 12.37%.

Lazy Bhoy

bohsman wrote: »

Invest and access average rate down to 11.66% too from a high of 12.37%.

When I look at Invest and Access it shows 10.11% as the average rate now.


It must be falling fast.

retalivity

sKeith wrote: »

Would the drop in return rates cause none of the current loads to fall within your auto invest criteria?


12% loans seems the max short term now.

Nah my min criteria for the 2 auto invest strategies are 7% and 10.5%

I went and manually invested in loans that met the criteria last night, after i saw the cash pile was backing up

bohsman

Lazy Bhoy wrote: »

When I look at Invest and Access it shows 10.11% as the average rate now.


It must be falling fast.

To clarify that's my Invest and Access % but yes, definitely falling fast. I only started using it as it was a couple of % higher than the auto invest settings I had set up myself before that.

ct5amr2ig1nfhp

I had to drop my AI portfolio rates again this morning. So much for passive investment. The likes of DoFinance etc with 11% locked in for 6 months up to 60 months and no early repurchases is looking more attractive. They have a 'VIP' program 12% for a min 12 months is also available. I believe it was mentioned already how you join the VIP program. If you see the 12% option in your account, you're in the VIP program.

I had forgotten you can also withdraw your investment from DoFinance before the due date. more here in their FAQ. It's dependant on what portfolio rate you have invested in.

DoFinance financials available here. Has anyone purchased them?

Edit: Results (or summary of results) to be published to investors in Sep, hopefully the first week of Sep.

scheister

11.5% is lowest I see at the moment for buyback loans in € under 3 months

vargoo

Fast Invest - First time I've ever seen them with no loans available.
Robo - None available
Envestio - None

Shelflife

Fast Invest - cant say I've noticed as I'm pulling out of that until they provide more transparency.

Robocash - I'm pretty much fully invested in that, havent noticed any lag.

Envestio- pretty standard for them, nothing for ages , then two or three together then nothing again.

ct5amr2ig1nfhp

Agree with you both. Envestio have said they are in the final stages of something new by end of Jul. It's now end of Aug...#
I'll fire them a message to get an update.

Robo... that "available loan" section never really worked. The filters do not work and are all set to 0. I am fully invested though.

Fast Invest, I've seen this before with them. No/few EUR loans. I've messaged them. Edit: They are aware of the problem, say it is due to investor demand and are working on adding more loans.

Mintos rates... all I can say is arghhh!!! Very frustrating.

P2PBanking.com

If you like Envestio's model you can use Wisefund as an alternative. But they are pretty new, no track record. They have 2 open loans at the moment with 18-19% interest. If you sign up via my blog you can get 0.5% cashback

ct5amr2ig1nfhp

Robocash is dumping two loan originators. Email sent this morning.

"...in order to strengthen the development of short-term consumer loans in Kazakhstan"

Shelflife

I think its a good thing to see some pruning by the platforms.

Keeps the standards up.

ct5amr2ig1nfhp

Nice to see loans volumes increase on Swaper. I have been fully invested for a number of months now.

Still a relatively small platform though. An email today stating just over 2,500 active investors.

vargoo

Clara Sparse Windbreak wrote: »

Nice to see loans volumes increase on Swaper. I have been fully invested for a number of months now.

Still a relatively small platform though. An email today stating just over 2,500 active investors.

Jeez, that is small!! Think peerberry is nearly 10,000. I would have expected those numbers reversed....unless active is the magic word there.

ct5amr2ig1nfhp

Yeah I thought the same vargoo, active being the key word. The number of accounts must be significantly higher surely? From reading a number of blogs, it's possible the lack of loans in the past has kept funds in other platforms.

Happy to admit my XIRR is close to 15% on Swaper (which is better than Mintos) and with little or no input from me.

Shelflife

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Silver: From 10 000 Eur of active investment portfolio (gets +0,5% for future investments)
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Please find out more about Loyalty program which is assigned to you at your Profile, Settings page.

ct5amr2ig1nfhp

"Loyalty category Default category" Boo! I obviously need to put a bit more in to reach silver.

Lazy Bhoy

This morning on Mintos, I see that the Invest and Access rate is showing as just 9.98%


That is very quickly dying a death. :eek:

ct5amr2ig1nfhp

The number of loans on the Primary Market has dropped to ~80k loans. Wowzers, is there something going on we should be concerned about?

littlevillage

Clara Sparse Windbreak wrote: »

The number of loans on the Primary Market has dropped to ~80k loans. Wowzers, is there something going on we should be concerned about?

This used to be about 300k right ?

There is still 226k loans on the secondary market.

bcklschaps

85k loans now on the Mintos primary loans market...soo its recovering

It might have just been a blip, I suspect that the I&A programme might run off at a certain time and snap up all the available loans.

ct5amr2ig1nfhp

Yup, only a few days ago too.

The premium on a large volume of the secondary market loans is ridiculous though. Whoa going to pay a 20% premium on a loan? Not surprised the volume hasn't dropped...yet!

flycd

Anyone else get an email from Mintos yesterday saying their account is limited? I haven’t even done anything with it in weeks.

It’s looking for a LOT of info to become unlimited. Statements, proof of address etc. I’m pulling out anyway.

Don’t really want to give them those details but can’t withdraw until I do.

sKeith

flycd wrote: »

Anyone else get an email from Mintos yesterday saying their account is limited? I haven’t even done anything with it in weeks.

It’s looking for a LOT of info to become unlimited. Statements, proof of address etc. I’m pulling out anyway.

Don’t really want to give them those details but can’t withdraw until I do.

Nothing recent, no. I may have gotten requests in the past, that i had no bother complying with, but nothing like that in the last month, for sure.



addendum: mostly anti-money laundering type stuff.

mike_cork

flycd wrote: »

Anyone else get an email from Mintos yesterday saying their account is limited? I haven’t even done anything with it in weeks.

It’s looking for a LOT of info to become unlimited. Statements, proof of address etc. I’m pulling out anyway.

Don’t really want to give them those details but can’t withdraw until I do.

I haven't personally (*touches wood) but i am a member of the "Mintos fellows" group on FB and there's been several people recently who have received the same email as you. Its mintos complying with anti money laundering legislation.

Shelflife

I got it, looked for Passport details, photo of me, photo of passport and a photo of me holding the passport.

AML requirements.

bohsman

You should be more worried if you are with a company this big and don't hear about people getting these compliance checks.

ct5amr2ig1nfhp

A few of the p2p platforms I use (including Mintos) have asked for additional personal data. AML puproses.

ct5amr2ig1nfhp

On Mintos - the number of available loans appears to be back under Auto Invest profiles. They've updated it a bit. Added more details about the distribution of the loans, which is an improvement. It does not auto refresh like it did previously. Now you have to manually refresh the details.

ct5amr2ig1nfhp

Again on Mintos. Getting cloudflare and captcha every morning now. Pain in the arse. Am I alone in this? Also getting some new lazy loading implementation on the overview page. I hadn't seen that before.

Speedmax

Clara Sparse Windbreak wrote: »

Again on Mintos. Getting cloudflare and captcha every morning now. Pain in the arse. Am I alone in this? Also getting some new lazy loading implementation on the overview page. I hadn't seen that before.

I haven't come across this happening yet, not sure if having 2FA enabled makes a difference.

mike_cork

Clara Sparse Windbreak wrote: »

Again on Mintos. Getting cloudflare and captcha every morning now. Pain in the arse. Am I alone in this? Also getting some new lazy loading implementation on the overview page. I hadn't seen that before.

Was getting that everytime i logged in over the last few days. Stopped happening for me since yesterday afternoon.


Anyone see the new facebook game being launced today on crowdestor?
Im on the fence if i should throw a few quid at it.
Heres a link with more info:
https://www.crowdlendingrocks.eu/did-you-ever-want-to-invest-in-a-mobile-game-now-it-is-possible-this-friday-you-can-invest-in-beetroot-labs-mafia-stars-game-project-with-crowdestor-return-18-14/

retalivity

Clara Sparse Windbreak wrote: »

Again on Mintos. Getting cloudflare and captcha every morning now. Pain in the arse. Am I alone in this? Also getting some new lazy loading implementation on the overview page. I hadn't seen that before.

Im getting it all the time for the past few weeks.
In fact, getting it on boards as well

FFVII

Clara Sparse Windbreak wrote: »

The number of loans on the Primary Market has dropped to ~80k loans. Wowzers, is there something going on we should be concerned about?

800 people signing up daily

ct5amr2ig1nfhp

Sign up each day, that does not mean they invest.

The number of loans dropped from 350k to 80k loans in days. I have been on the platform a while now and not seen a drop like that. I thought it was another website glitch when I first saw the 80k figure.

FFVII wrote: »

800 people signing up daily

mike_cork

Only 84326 loans available this morn on the Mintos primary market!

FFVII

mike_cork wrote: »

Only 84326 loans available this morn on the Mintos primary market!

Was 105000 ish last night, hour later was 85000

To be honest, until fairly recently, these numbers are what were always available.

Last few months, it crept up to 250000 and then near overnight 500000.

I don't care.

If they are legit numbers, last night has me questioning it, I'd hope they stop taking registrations before it all grinds to a stop.

mike_cork

FFVII wrote: »

Was 105000 ish last night, hour later was 85000

To be honest, until fairly recently, these numbers are what were always available.

Last few months, it crept up to 250000 and then near overnight 500000.

I don't care.

If they are legit numbers, last night has me questioning it, I'd hope they stop taking registrations before it all grinds to a stop.

I've starting withdrawing funds from Mintos this morn due to the unavailbity of loans.

FFVII

mike_cork wrote: »

I've starting withdrawing funds from Mintos this morn due to the unavailbity of loans.

You're on your own.