Here is a quick reference list of the best P2P lending platforms in Europe in June 2023.
I have tested myself most of the ranked P2P platforms and I’ve collected direct information about the rest.
That way, I could find the best Peer-to-Peer Lending websites on the market today based on actual data.
Table of Contents
Here is the list of the best P2P lending platforms in Europe
We can safely say that these are the best P2P lending platforms in Europe today:
| Rank | Name | Yield | Buy Back | Early exit |
|---|---|---|---|---|
| #1 | Robocash | 14,3% | Yes🛡 | Yes ♻️ |
| #2 | EstateGuru | 10,7% | No | Yes ♻️ |
| #3 | Mintos | 9,1% | Yes 🛡 | Yes ♻️ |
| #4 | IUVO | 9% | Yes🛡 | Yes ♻️ |
| #5 | Peerberry | 11,1% | Yes🛡 | No |
| #6 | Bondora | 4% | No | Yes ♻️ |
| #7 | Flender | 7% | No | No |
| #8 | Twino | 10,1% | Yes🛡 | Yes ♻️ |
| #9 | Evo | 8,1% | No | Yes ♻️ |
| #10 | Crowdestate | 11% | No | Yes ♻️ |
| #11 | Funding Circle | 5% | No | Yes ♻️ |
| #11 | Viainvest | 10% | Yes🛡 | Yes ♻️ |
This is the table of the best crowdlending websites for European investors.
There are many lists of best P2P platforms accessible only to US or UK citizens, so this is useful to European investors or international investors with a bank account in Europe.
To access a more complete list to compare peer to peer lending websites that goes beyond the most popular P2P lending platforms you can visit the official compare p2p lending websites table.
To compile this list, I analysed the features of + 30 excellent sites for investing in peer-to-peer loans.
The core of this research is based on dozens of P2P lending security factors, since investing in this way is very profitable but also involves risks.
I am a P2P investor in most of the platforms I mentioned, so I am able to make a fair comparison.
Here we go.
RoboCash ★★★★★
- ✅ It is very old and popular
- ✅ Based in Croatia (out of the Baltic region)
- ✅ It is also generating its own loans
- ✅ Return up to 14%
- Minimum investment: 10€
- Returns: up to 14%
- Languages: 4
- Secondary market: Yes
- Guarantee net: YES
- User experience: Very smooth
- Regulated: No
- ✅ Cashback for new sign-ups: X
Estateguru ★★★★★
Why Estateguru is the best real estate crowdfunding platform in Europe?
✅ It is the biggest in euro for real estate
✅ They publish the outstanding and the full load book
✅ It is one of my best picks⚜️
EstateGuru is a tool for secured property-backed loans.
I am a very satisfied investor and I have zero late loans with >11% yearly return. In my opinion this is one of the best peer to peer lending for real estate (crowdfunding).
Info about Estategugu:
- Minimum investment: €50
- Returns: 10,7% (1% a month)
- Secondary market: YES
- Guarantee net: NO (all loans are property backed)
- User experience: Very good
- Languages: 4
- Regulated: Yes
- ☑️ Bonus for new sign-ups: YES 0,5%
My Tip: I diversify on many loans and prefer “bridge and development loans” backed by a “first rank” mortgage. I avoid German and Finnish loans like plague.
Take action now :
Read what I think of EstateGuru
ALTERNATIVES: Reinvest24
Mintos ★★★★☆
- ✅ It is the biggest P2P in Europe
- ✅ It is the most popular choice
- ✅ 20.000€ investor compensation scheme included
- ⏸ The buyback system is not working as well as before
- Read Mintos’ Terms of Use
- Minimum investment: €10
- Returns: from 6% to 15%
- Secondary market: NO
- Guarantee net: YES
- Online experience: Excellent and intuitive. Statistics are clear and easy to read.
- Regulated: Yes
- Languages: 7
IUVO Group ★★★★☆
Why so many investors choose IUVO P2P?
✅ One of the “safest” P2P marketplaces
✅ License by the Estonian FSA
✅ Originators have 30% skin in the game
IUVO is based in Estonia but it has connections (and loans) in Bulgaria.
Bulgarian loans are well known to be good and all originators on IUVO have to hold 30% of the loan amount. This is to fairly share the risk with investors.
Doing so, even if the loans here are “indirect”, the platform can be considered quite safe and reliable (P2P investing is risky anyway).
Info about IUVO:
- Minimum investment: €10
- Returns: 13%
- Secondary market: YES
- Guarantee net: Yes, buyback
- User experience: Cool
- Languages: ENG BUL GER ESP
- Regulated: Yes
- ☑️ Bonus for new sign-ups: X
My Tip: Do not focus on one or two lenders
ALTERNATIVES: Peerberry and Viventor
Peerberry ★★★★★
- ✅ It is big and popular
- ✅ It is connected to a very large lending company
- ✅ Return up to 12,1%
- Minimum investment: 10€
- Returns: from 11.1%
- Languages: 3
- Secondary market: NO
- Guarantee net: YES
- User experience: The sleekest ever.
- Regulated: No
- ✅ Cashback for new sign-ups: 1% bonus
Flender ★★★★☆
Why Flender is the best option for business loans?
- ✅ It is possibly one of the safest P2P for business loans in Europe (P2P is risky)
- ✅ It is one of my best picks⚜️
Flender is an Irish P2P lending business founded in 2015. It is good for investors that feel too exposed on Latvian/Estonian P2P platforms.
Their success is probably given by their mindset. The aim of Flender is to cooperate with SME instead of squeezing out the maximum profit. Doing business this way they’ve achieved a valuable goal, an extremely low default rate (1,8% late +120 days).
Flender website is smooth and all the data and settings an investor may need are at hand. Secondary market is not available yet, auto-invest (the excellent autoFlend) is easy to setup. Never forget it is geographically limited to one country.
Info about Flender:
- Minimum investment: 50€
- Returns: 10,5%
- Languages: English
- Regulated: Yes
- Cashback for new sign-ups: No
My tip: I avoid “V” class loans as an additional protective measure + I prefer to invest within the first 30 days to maximize the generous bonus
Take action now:
Learn what I think about Flender (review)
Alternatives: October / Crowdestor (15%)
Peer-to-peer lending platforms Europe ranking
| Name | Link | Risk/ Reward | Age | Min invest |
|---|---|---|---|---|
| Robocash | Go to website | ⭐️⭐️⭐️⭐️⭐️ | 2017 | 10€ |
| EstateGuru | Go to website | ⭐️⭐️⭐️⭐️⭐️ | 2013 | 50€ |
| Mintos | Go to website | ⭐️⭐️⭐️⭐️⭐️ | 2015 | 10€ |
| IUVO | Go to website | ⭐️⭐️⭐️⭐️ | 2016 | 10€ |
| Peerberry | Go to website | ⭐️⭐️⭐️⭐️ | 2017 | 10€ |
| Bondora | Review | ⭐️⭐️ | 2008 | 10€ |
| Twino | Go to website | ⭐️⭐️⭐️ | 2009 | 10€ |
| Evo | Go to website | ⭐️⭐️ | 2019 | 50€ |
| Crowdestate | Go to website | ⭐️⭐️ | 2013 | 100€ |
| Funding Circle | Go to website | ⭐️⭐️⭐️ | 2010 | X |
| Viainvest | Go to website | ⭐️⭐️⭐️ | 2016 | 10€ |
LET’S SUM UP
Which is the best P2P?
Is there a best P2P lending for beginners?
Every investor is different, but if I had to choose just a few platforms from this list to guide a friend who is about to start investing in P2P loans, I would say:
- RoboCash is doing well and it is based in Croatia.
- Mintos because it is big, totally automated and diversified.
- Estateguru, because it is automated, reliable and potentially safer (11%)
- Rendity is an excellent Austrian Real Estate Crowdfunding (7,4%)
- IUVO, because it is well run by experienced management and because it is more regulated (11%)
- Peerberry because it is still one of the lergest P2P.
- Flender, because pouring money in the real economy is something everyone should do (10%)
Now that we know which are the best P2P websites in Europe, let’s move on to how to invest.
How to invest in P2P loans now?
Investing in peer to peer lending is simple and accessible.
Requirements to invest:
- Being 18+ years old
- To own a bank account in Europe
You’ll be required to be +18 years old and to own a bank account in Europe. International investors may use a Revolut / Transferwise for the above mentioned tools to deposit, invest and withdraw money.
In many cases it is enough to register, deposit via credit card and start a 1-click investing procedure. No further action is required over time and no difficult questions are asked.
P2P lending minimum investment in Europe is very low (10€ to 100€ on average) and returns can be extremely high.
What I believe is important is to fully understand how it works and what are the risks and the benefits. To balance risk and reward is key. Beside choosing the best peer to peer lending website it can be convenient to adjust the automatic investment settings properly.
Since investing in loans, like every investment, can be risky, it is important to focus on safety and to aim for the safest loans instead of searching for the highest return.
In order to invest in P2P lending the workflow is:
- Choosing the best P2P lending websites
- Register
- Deposit the money to invest
- Activate the auto-invest feature
- Cash in or reinvest the interest
How do I start P2P lending?
To start investing in P2P lending I need to:
- pick a P2P lending platform I trust
- register as an investor
- deposit a sum of money
- scroll throug the loans on offer
- activate the autoinvest feature or invest manually
From now on I will:
- receive interest on my invested money
- reinvest all the money I learn by reinvestire it in new loans
How to automate the P2P lending process?
One of the best things about P2P loans investing is that most platforms provide one or more investment automations.
The investor can set the automation with a few clicks (sometimes just one click) and the platform will keep on buying and manage the loans for him.
The biggest benefit beyond the hands-free is that all the money from the interest earned lending money could be automatically reinvested and thus generate compound interest.
The best P2P lending automations are:
How do I protect my money invested in loans?
Investing in loans is a rather new way to invest money. This is why it most investor want to know how safe is P2P lending.
Different peer to peer lending websites offer different levels of protection to the investor.
1. Early exit
In most cases P2P lending platforms allow to sell the loans before the expiry date. Let’s call it “early exit”.
This gives a good level of protection because I am free to leave whenever I want. Unfortunately this applies in reality only in normal market conditions. To sell a loan I need another user ready to buy it and this is not always the case, especially if that loan is late.
2. Buyback guarantee
A very frequent protection given to investors is called “Buy Back Guarantee” (or late loan repurchase).
Marketplace lending like Mintos, IUVO and Peerberry offer this feature to their investors.
How it works?
The problem the buyback policy aim to solve is that some loans are not paid on time.
When I buy a loan and the borrower is late in payments for more than 60 days, the loan originator that issued that loan will have to buy it back and refund me the money I’ve invested.
Beware, it is not the marketplace that promises to buy back your late loans. It is a loan originator duty. So, before trusting this system 100%, it is smart to make sure the loans we pick are offered by a solid lender that will honor the buyback promise.
3. Diversification
One of the best ways to invest in peer-to-peer lending is to lower risk through diversification.
Using more P2P platforms to invest will expand to numbers of loans and lenders we have to trust. Doing so we directly lower to risk. If one loan goes late it won’t be a big issue since I will have a thousand more loans that are regularly paying. Same applies to lenders. If one loan originator does not honor the buyback guarantee (yes, it can happen) I will have other 20+ that are doing fine.
Now let’s see the best peer to peer lending websites in detail…
💡 Is peer-to-peer lending a good idea?
If one is aware of the risks involved, investing in peer-to-peer lending can be an excellent way to increase the overall return of a well-structured investment portfolio.
The time horizon of this type of investment should be medium to long, as it is quite normal that some loans will go bad and be recovered over time.
Is peer-to-peer lending legal?
P2P lending loans are an alternative to bank loans nowadays.
Peer to peer lending is legal in most western countries.
Moreover, the majority of the P2P lending websites are regulated in their country of origin.
P2P lending is legal in Europe, UK and US.
Can you get rich from peer-to-peer lending?
Investing in peer-to-peer loans is a fairly easy system to set up and offers something like a passive income.
Some investors claim that P2P lending is the best way to earn money effortlessly.
How much can P2P lending investors earn?
By investing in direct loans, i.e. based on the peer-to-peer concept, you can expect very high returns, up to 10% in Europe.
The overall return is also influenced by the investor ability to choose good loans, reliable borrowers and authoritative platforms.
Is peer-to-peer lending a good way to invest?
Considering that the risk-benefit ratio of this type of investment is generally good, it can be said that P2P lending is a good investment to diversify one’s portfolio.
The risk tolerance of investors in P2P lending is normally very high.
🇬🇧 BEST P2P LENDING WEBSITES in the UK
(mostly for Uk citizens only)
I wish every country could have Ifisa, not only UK.
The United Kingdom is undoubtedly the biggest and most structured market of p2p lending. In the UK, in some cases, it is possible also to request tax breaks for this type of investment. It’s called IFISA (Innovative Finance Individual Savings Accounts) and it allows to investing up to £20,000 per year tax-free (which can be cumulated).
Here is a list of the best peer to peer lending in the UK:
- Funding Circle (UK – DE – USA)
- Zopa
- Ratesetter
- Bridgecrowd
- Kuflink
Funding Circle 🇬🇧 (UK only)
The most famous British p2p is now also available in the US.
The first time I heard about p2p was precisely in relation to Funding Circle, and since then I was introduced to a (beautiful) world.
This platform only deals with business loans, that is to say, it gives credit to businesses and it affirms to have 72,453 investors who have lent 2.7 billion pounds, earning 135 million in interests. These are impressive numbers.
Everyone can invest, you just need to be over 18 years old and to be living in the UK.
Info about Funding Circle:
- Minimum investment: £20
- Returns: from 4.8% to 7.5%
- Secondary market: YES
- Guarantee net: NO
- Online experience: Modern website and top user experience. High returns
- Languages: 3
- Uk De USA only
🇩🇪 Best P2P lending platforms in Germany
German investors have access to all the best social lending websites in Europe to invest in loans.
The most popular P2P platform in that area nowadays is Rendity, an Austrian based real estate crowdfunding that is down very well.
Here is the list of the peer-to-peer lending websites in Germany:
- Exporo
- Zinnest
- iFunded
- Auxmoney
- Marvest
- Companisto
Most of these P2P platforms are only in german language and way be only accessible form German investors.
What is P2P lending in Germany?
P2P lending in Germany is a model of investment that is based on crowdfunding to finance personal expenses of borrowers we don’t know personally.
The P2P lending process is automated through loans marketplaces of P2P platforms.
Download my personal P2P Lending checklist
✅ Benefits of P2P lending investing
The main benefit of investing in peer to peer loans is the access to some very high revenue investment with a potentially adequate risk.
The success of peer-to-peer technology started with music file sharing. Napster, eMule (..the slowest one) and then Torrent, then with movies on p2p. Now with p2p sports streaming and p2p payments.
The attention is now all on p2p lending, the one with the loans, and it isn’t difficult to understand why.
Here’s my point of view on p2p lending for those who are investing in Euro (and not only). This is my experience.
The truth? I was skeptical like you.
YES, I really was. Now, after some years, I am careful in loan picking, I recognize the risks involved and I am very happy of the outcome.
Now read what’s important to know in choosing the best P2P.
Compare P2P lending websites in Europe
🗜 What is P2P lending? (in brief)
P2P Lending is a new tool for individual investors to lend money to other people and business.
The operation is rather simple:
- Loans approved by some credit/finance companies are partially or totally offered online.
- Those who wish to invest in loans can do it on the dedicated P2P websites.
- Anonymously, one proceeds to a single purchase of loans, automatically or in bulk with the criteria that one have set up.
The ease and the immediacy of the operation is surprising.
“Social lending” (P2P) for me is a way to create both additional streams of income (and compound interest) with a decent risk/return ratio in a”low-interest era”. Everyone is looking for a ranking of the best crowdlending websites available, so I wrote my definitive answer.
There is mutual interest in P2P lending. Borrowers can get liquidity out of the banking circuit. Lenders get high interests on this debt.
Direct loans between private citizens are enjoying great success.
How old is P2P lending?
The first service of this kind was offered by Zopa already in 2005 in the UK, and it’s still in operation.
🚫 SOCIAL LENDING IS NOT FOR EVERYONE
This is true for two reasons:
- One is skepticism. Most people just don’t trust new financial tools because they’ve never heard of it. It is easier to head to the bank and delegate everything without even understand what do they do with our money, right? (It took me months to trust and start investing in P2P loans)
- Another reason is greed. When people are asked to choose between 8% and 35% yield many get wrong and go for the second. It would be ok, but very often the loans that offer the highest returns are also the loans with the worst performances in terms of punctuality.
I find it safer to balance risk/reward in P2P lending.
Things to know about peer-to-peer lending in 2021
There is an increasing demand for the “safest” class of loans from the smarter investors. It is important to make the system select for us the best and safest loans for us when possible.
After all, the returns are definitely high compared to what’s on offer on the market today.
This is an age of low interest rates and low inflation, it is hard to find good deals around.
This blog is not a recommendation to invest in any of these tools.
It is just one more point of view from someone who is invested from some time already.
It may inspire those who are just starting out, and those who want to take it up a notch but have no time for studying the mechanisms.
Am I protected by the European deposit guarantee scheme?
Keep in mind that the loans aren’t always guaranteed and, even if they are, some limits and conditions apply. It is appropriate to choose loans with reasonable ratings.
Is investing in p2p loans “immediate” like buying stocks?
The investment process isn’t always as immediate as you’d expect. Sometimes you may have to wait some hours/days before being able to see the assigned capital. Setting up very restrictive parameters to the loans in automatic wallets is generally the cause of the slowness of the process.
In my experience Fixura was the slowest to buy my loans while Mintos is still the fastest (invest & access).
The default risk of a platform or of a loans originator is never to be excluded. There haven’t been sensational cases in Europe a part from Lendy in the UK, but for example, there has been one in China. Generally, the finance of the P2P websites are well separated from the users’ one’s so, even in case of a default, happy ending solutions are still possible.
The European bail-in system, that offers a guarantee to bank deposits under 100k Euro, isn’t obviously extended to any investment included p2p lending loans.
I don’t invest all my capital in social lending and I distribute it on more than one tool or at least in two different countries.
Social lending is regimented and in some cases authorized. Rules are clear and they are dictated by organizations in each Country.
All the listed websites are able to provide detailed information about the service they offer and they are usually extremely transparent, precisely to get over the diffidence of future users.
When I see something fishy I run away and I make sure my readers get what’s important to know in real time.
It is good to keep in mind that the platforms that offer many guarantees and advantageous taxation programmes will normally give lower returns. Instead, the most aggressive solutions, together with crazy returns, can also provide me with late or defaulted loans.
Let’s remember that high returns are often linked to adequate risks.
I look for the “sweet spot” in P2P Lending, I invest myself and I share what I learn by doing.
Video best P2P lending platform on Youtube
Here is the best peer to peer lending video to explain P2P lending just to anyone:
Actual Social Lending situation in Europe
P2P lending is gaining populatity among European investors.
More regulations ar coming in the next years following a process that is already in place in th US.
Uk has the biggest market for P2P but unfortunately, their tools are most suitable for UK investors.
Other big and often reliable p2p platforms are in the Baltic countries.
Their stories are more recent, but they are raising millions of euros in record time. Perhaps they are solving the problem of those individuals and companies who, often unfairly, cannot obtain credit in the traditional way.
For those who can speak German, there are also AuxMoney, Smava and Zencap.
Is P2P lending a good idea?
P2P lending investing is a good idea only for inversore that are willing to face high risk in search for very high returns. P2P loans are unsecured, so the possibility of camping across borrowers that don’t pay is high.
Moreover, P2P loans investing is quite an illiquid investment.
P2P lending forecast
It is easy to imagine that more and more investors will trust p2p lending as a high-yield investment tool.
I imagine that when shared European rules finally arrive, the general security of investment may increase but returns will fall.
🚦How ethical is P2P lending?
Doubts of the ethicality of some loan originators.
Some originators in some countries charge borrowers with very high rates. This happens for a series of reasons that aren’t always caused by some not-to-ethical practices.
On one hand, some of these individuals/ businesses wouldn’t find easily credit elsewhere.
On the other hand, a short loan of a small amount of money is obviously subject to relevant fixed costs (in relation to the amount) that make the total cost of the loan go way up.
It is possible to get informed before investing to ensure that the rates applied to borrowers are sustainable.
🌈 No-profit P2P Lending
Ethical P2P lending is a must. The feeling I get when I have a loan repaid (no interests) from someone far in the world is priceless! I feel I am actively helping someone with a specific project.
On Kiva, we can finally lend without interests to people with small projects in developing countries. I’ve done it and the feeling of helping people is amazing, the website is awesome and it is even possible to gift a 25$ coupon to whoever we want to.
You don’t make a profit on Kiva, but you have the certainty to be doing some good, and that’s wonderful. I think it’s an extraordinary gift idea.
Similarly to Kiva, we have lendahand.com, Zidisha.org , Trine.com (profit 7%), Fundeen.com and BabyLoan.org
🔑 How to compare P2P Lending platforms?
I’ve prepared my own P2P lending comparison table a time-saving and up to date tool.
The majority of the instruments mentioned has been tested in depth and for long long time.
Returns higher than 15% are often only hypothetical.
Short list of the best Peer to Peer lending in Europe
Here is the definitive list of the best P2P lending platforms for European investors 2023:
- Robocash 14% – Based in Croatia – Solid performance
- Estateguru 11% – All projects are property backed
- Mintos 9% – The most popular – The most diversified
- IUVO 11% – Old and reliable
- Peerberry 12% – Supported by solid loan groups
- Flender 10% – The best P2P for business loans – Small but growing
- Twino 11% – One of the oldest P2P tools
- EVO estate 9% – A small real estate crowdfunding
- Bondora 4% – One of the oldest P2P – Yields are lower
- Crowdestate 11% – One of the oldest real estate crowdfunding
- Rendity 7,4% – Excellent austrian platform
✅ Final considerations and best P2P lending websites for investors
In my opinion Mintos is the most accessible to anyone and it is easy to start with (open to international + non-resident investors).
They both have a 1-click investing automation.
- EstateGuru is my pick to invest in property-backed loans (12,24%)⭐️
- Mintos is also suitable for large P2P investors
- Peerberry is doing very well and it has founded more that 1M euros
- IUVO-Group is a great alternative (or supplement) to Mintos.
- Crowdestate is fast growing and offers high returns (up to 17% and proportional risk)
- Lendix/October is not performing well anymore. On Lendix is more complex evaluating the risk
Sometimes there are P2P cash-back campaigns available for new subscribers. I myself took advantage of those campaigns but the bonus is never my main reason to invest.
Other P2P lending platforms that I am examining are Evoestate, Lendermarket (a former Mintos lender) and Nibble.
As you can see there is not an absolute best peer-to-peer lending platform in Europe. What is possible is to pick 2 or 3 of the most established ones to start with the root foot.
Now it is your turn!
Which is the best peer-to-peer lending for you?
Write in the comments below your experience with the best P2P lending platforms in Europe.
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Mintos is a very popular choice among the P2P Lending sites. It is considered the best P2P platform for investors in Europe.
Learn more about Mintos.
P2P investing is a risky practice, so it is better not to seek for the maximum return. It is safer to aim to a balanced loans portfolio.
Diversification on the best few platforms may be a good idea to protect the invested capital.
The risk/reward balance may be very good in some cases.
It is hard to say. Some borrowers are subject to very high fees but it’s not always the case.
Lately I have spotted a few ethical P2Ps.
Per to peer lending can be a good way to make some extra money. The high returns often bring a fair share of risk.
P2P Lending is a risky business but most investors accept to allocate a small part of their portfolio in order to benefit from the high interest payed on the lended capital.
Investire in P2P lending is not risk free.
The main risk with P2P lending investing are lending company, lending marketplace and borrower defaulting. Investing throughh transparent P2P websites can reduce these risks.
According to authoritative research by BusinessToday investing in P2P lending offers hypothetical returns of around 14% per annum.
It is possible to make money from P2P lending but it is also important to be aware of the risk involved. The chances of losing the invested capital are real.
⭐️ I used this invitation code on Mintos MINTOSCLUB.U7Z0PF
and it worked
This is the best article about P2P lending I’ve read so far. Maybe there is too much focus on UK tools which can be unaccessible to non residents. I’ve also downloaded and printed your free checklist and ready to give a second look to Bondora.
That’s great Gert, thank you. I have updated the post content reducing the focus on the UK
I will definitely try Bondora. With Mintos I am doing well so far.
Is what you wrote about EstateGuru still up to date? I mean here: https://www.revenue.land/blog/houserscom-opinions-risks-alternatives-review-no-cashback
Not anymore! The essential list of information on EstateGuru crowdfunding is here now
I am happy today that I have received a loan from this legitimate company after many years of financial fall and I have also been fooled in the process until I find this great man who helped me with a loan of $ 33.000 and I advise all candidates to get in touch with this company via email: xxx
My strategy is to keep most of my P2P liquidity on bondora go and grow and cash-in to invest on other platforms when I want. Doing so my money is always working. Go and grow is really serving my instant 100% liquidity.
Keep testing and keep us updated, Toni
Would you still recommend Bondora with the number of defaults and loss of capital investors are experiencing?
Welcome here, Peter. Thanks for writing.
Honestly the aim of my blog is not to recommend something. I prefer to inspire and be inspired by my visitors.
I am learning a lot, and my ideal readers are educated investors, able to make their own decision in freedom. Boring people, like me…
I know some old Bondora users have many overdue loans.
There are 3 clear reasons for this:
1. They were greedy while setting up their portfolio.
2. They were not aware of how portfolio manager works.
3. …there wasn’t Go&Grow before.
That being said, most Bondora users I know are profiting and are happy to face small losses in exchange for good gains on the majority of the loans. Moreover, statistically many late loans were recovered in the past years.
You are an investor, you know that P2P is for the long term, it involves risk and profit and it takes time to draw conclusions.
I can’t resist saying that less than 3% of my loans are overdue and I’m anything but a genius. I’ve tried to learn from others’ mistakes and from numbers and stats before investing.
NB:
All my (few) Bondora’s late loans have 1 thing in common 🔮 and I have written about it in my newsletter:
http://bit.ly/NewsFromRevenueLand
Alright, 3% is impressive. Are you only using Go&Grow now? And have you calculated your actual returns over the past years with Bondora?
Hi Peter, I know most people can’t believe I have so little late loans, but it is normal for me (and for my readers) not to use portfolio manager (if not to start and test) and to avoid any (C) D E F and HR loans. To be honest, sometimes I also make some strategic cleanings to optimize performance ( I am becoming a P2P nerd I guess). I use Bondora for the long term, so I don’t check my P2P performance too often. Go & grow loans include around 50% of DF class. I use it for testing but I prefer the Portfolio Pro.
Mintos is really good platform with rapidly growing investor and Loan Originator count. Easy to use and understand. Would recommend to everyone. If you are interested in peer-to-peer lending on Mintos use this promo CODE to get BONUS for your deposits: U7Z0PF
Wow! This can be one particular of the most useful blogs We have ever arrive across on this subject. Actually Fantastic. I am also an expert in this topic therefore I can understand your effort.
I followed this list some months ago and started with Bondora and Mintos. Very satisfied with both, my only regret is that I should have started before. I can see from another blog article that you don’t like Envestio. Do you know any other good revenue website like that one? We see us next article.
I am the only one who doesn’t like Envestio🤷🏼♂️ I explain why, but don’t trust me, read more, ask questions and make informed decisions for yourself, Otto. One of the highest revenue tool I know that has some critical mass is Crowdestate.eu (18%). Some loans there are good but not risk free.
I’ve downloaded and printed both your free pdf. Tomorrow I’ll also start testing your best p2p websites. Wish me good luck
Why Monethera and wisefund are not the best for revenueland?
The p2p you mention are still too small to appear in this list, Igor. Thanks for commenting.
Why is October in you best picks? Good or bad? Be clear
Well, it was a good one, Emma. Default rate peaked in 2016/17, but improved somewhat in 2018. Most loans are “B” rated. Flender.ie is doing much better (but geo-limited to Ireland). Food for thought!
Nice read, I just passed this onto a colleague who was doing a little research on that. And he just bought me lunch. Therefore let me rephrase that: Thanks for lunch!
I will go for Flender. Is it 5% real on my investment? Answer pleas
Flender bonus for new investors is huge but beware⚠️
Who takes advantage of it? Not many I guess.
This is because most investors (..I did the same mistake with Mintos some years ago) wait too long to invest, and the bonus is paid only within the first 30 days. Moreover Flender is young and geographically limited. I use it in synergy with other investments, not alone for safety reasons.
do you need a loan
🤙🏻You are brilliant Arnold! BTW, no loans thank you, I live happy without debt.
Flender is definitely my next pick
I don’t understand all the positive reviews on Bondora, virtually 25%, actully -0%. I was in for many months, I spent hours and hours everyday on the website, but whatever I would do my lendings would get into default. And the rate was so highly growing and alarming that I soon understood that the default rate was higher that the interests I was getting. I managed to sell most quotes, my results after 8 months were negative!!!
I now use GO&GROW which is great (no work to do, steady 4% income), but the rest is just shit for me… Maybe with an automated investment strategy works, but I am not a programmer… who uses their APP has a great advantage, but it is for programmers.
I’m glad you finally found peace using Go & grow Bondora 4%.
As you say, using the Bondora API would be the best way, but too complex.
I’ve made it simple on Bondora:
Only AA-A-B (and C) rated loans mainly form 🇪🇪 and everything works smoothly.
Bondora is real P2P lending, without the “anaesthesia” of the buyback provided somewhere else in exchange of lower rates.
More challenging & potentially much more rewarding.
In order to sell late loans wisely I wrote this: http://tiny.cc/jyokbz
Keep testing!
GO & GROW is perfect for my needs and I have invested now on Mintos, I have only 1 month there, 12% it says :). But I am learning. I am ok with 10% as well if this lowers the risk, so I need to figure out the sweet spot between risk and interest.
I also have investments in Housers, I absolutely loved it at the beginning but now the interest is too low (maybe 4% or less) with 90% of my money in non liquid investments… so slowely as I get money back from there, I will move them to Mintos. Also, I look for other platforms, it is more confotable to have investment in different places after all :).
Why Monethera, wisefund and TFG crowd is not in this list?
Before investing I study the company, the borrowers and their past history. In this case the companies are very new and there is not enough data. On my P2P lending comparison page Monethera and Wisefund still have only 1 star. BTW, I am ready to change my mind if conditions change.
How to choose between Mintos and Bondora?
Honestly I don’t choose and I don’t recommend any P2P in particular. The 2 tools can work in synergy for me because they have different characteristics. I like them both after 4 years.
I need advertisement on your website
Sorry, I don’t want ADS on my website
I agree on your good rating for Mintos and Bondora and Estateguru. I am skeptical about Flender. I don’t understand why you don’t mention fastinvest, swaper, viventor, grupeer, envestio
Hi Xavi, happy to know we agree on something😉. Envestio is not on my radar for this reason but I am ready to change my mind.
Flender is small but cool ..so far. Grupeer is interesting, read this!
Swaper and Viventor? Will write about it as soon as I can.
If this are the best p2p lending, why do you include envestio and then you say it is not one of the best?
«Touché!»
My and my wife just registered on Trine. Is there a way to set an automatic investment?
Yes, they call it “monthly investment” (I don’t know why it is hidden under the how-it-work page). The investment criteria are reasonable and easy to understand. Min is 50€ per month and above 500€ per month there is an extra 2% (of the fee Trine gets on the project).
Thank you for introducing me to bondora, I have the go and grow and it works ok. I’ll write you more questions privately on other p2p websites you don’t mention here and their availability in Russia if you don’t mind.
Do you need an urgent loan
Do you need an urgent loan to start a new business contact: Hellenicloaninvestmen@yahoo.com
Add lendahand.com please. Good for people and good for the investor.
Please add swaper and viventor
Hey! Yes, I will consider it. You find both with updated ratings in the compare p2p lending europe page. Check it out! I am very proud of that page.
Which British p2p websites are accessible to us Europeans non residents in the UK?
Well, I remember Bridgecrowd, Kuflink and Property Partner, but there are a few more. I’ll look into it and I’ll give you a complete answer, William.
I am following you since the beginning.
Thanks to you I have been able to avoid the shitty p2p, focus on the big ones and I am profitable. Good job. I mean it.
I am German, pleas add German p2p
Great information. I am not sure I can invest from country.
☑️ I can help you Faisal. Here is the list of the countries where investors are NOT allowed to invest in Mintos. Most P2P follow a very similar list.
Add peer berry and iuvo, take away envestio and october
I’ll take into account what you write
You missed Prosper and Lending Club, the biggest 2 ever. Is there a reason?
Sure. These 2 are not accessible from Europe and the rest of the world and most of my readers are from EU and Asia. Thank you for your contribution Jason
Happy to notice Quetzall is not on your best list Revenueland
That’s true, Nirvana. For business loans I only mention Flender and just because they have been for many years on the market with reasonably low default rate. Interest rates there are much lower than what was on offer on Quetzal.
Credit offer for long term large business expansion and home financing. Get in touch with us now.
True, I think you should be transparent as how much platforms pay for reviews. It can be the only explanation as to why you push Flender so heavily given they are not being honest about their default rates. The actual default is multiples of what they report so if you did your homework you would know this.
Wow, I’m very happy to answer, George. Transparency: Only few P2Ps so far have dared to ask me to be mentioned here in exchange of a generic “contribution”. One was Envestio. The same Envestio have never asked me to remove my March 2019 bad review.
Housers’ P2P people were nice and called just to send me new data and features I hadn’t mentioned before in my 2018 very mild review.
There will never be a way (until I own it) to appear here or in the comparison table by supporting this website. Never.
Flender had a 0,2% default rate when I started and now it is officially 0,8% (+120 days). The few delays are not affecting much my performance due to the diversification I’ve implemented in almost 2 years.
Anyway, I take in serious consideration your comment and I’ll ask Flender for fresher data to publish.
I don’t push Flender, I report what I know. Help yourself and search for the word “recommend” on this website. You wont find it.
Last year you avoided me to invest with Envestio!!!!
May God bless YOU and your website, just everyday.
🔴 I am extremely happy you write this. It’s great to have you here reading me.
I did not listen to your bad opinion on Envestio last year, but it was just a few hundreds euros, no big deal. How do you know things before others?
I’m up to date on the p2p market and other alternative investments, but no, most of the time I don’t know things before the others. I’m part of the Mintos investors club (and a few more advanced investors’ programs), so maybe Mintos makes me do investor tests before the public, but I don’t have any vital or confidential information. I share what I know and a little bit more to newsletter subscribers.
Great post. I’ve just registered on Trine and Mintos
I am looking at Trine after seeing it on your list. Sounds interesting.
Didn’t know flender. I’ll give it a try. Good for me to get some loans out of latvia-estonia. It seems to me that 99% of P2P are from those countries.
Most of the platforms come from these countries because they offer a good environment for these companies. Estonia and Latvia also have (and attract) highly qualified professionals. Flender.ie is Irish but only offers loans to companies, a very specific and particular class of loans. I like Flender for a number of reasons and one of the reasons is that it is not located in Latvia-Estonia.
Very Interesting!
“Auxmoney” (Germany) sparkles by it’s absence here, but is quite big in Germany. Is it’s absence because of lack of access (outside of Germany), or some other reason?
Good point. Auxmoney is very big (and growing) and deserves a mention but unfortunately it seems that it is still not available to investors outside Germany and the site is only in German.
I have nothing against Auxmoney, except that it is geographically limited to only one country. Thank you for your question.
Here in the US p2p lending is not a big deal anymore. I guess in Europe will be the same within a few years from now. Which platforms I am allowed to invest from the US?
Hi Sonia. I know in the US P2P lending is not very convenient anymore for investors. BTW, it is possible to invest in almost any of the above mentioned websites just by using a cheap Transferwise account or Revolut. I hope this will help.
My best peer to peer are: mintos, kuflink, bondora
Excellent list but I would add more platforms from the Uk.
Unfortunately Mintos is still not available in the UK.
I came across this article again after months.
I have to thank you because I copied 4 sites that you use p2p and in 13 months I’m doing great.
Flender is what fascinates me the most but it has few projects. It’s another great choice. Keep it up.
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God forbid for now.
Anyway, thanks for the kind offer!
bookmarked! I like your web site!
Very different list from other blogs. Looking forward to receive your newsletter.
See you in your inbox!
I can see you have made some updates from my last visit.
I agree on IUvo, it is the last I added to my P2p portfolio last January.
Flender is the next one.
I’ve registered to Mintos and IUVO last year after reading this. It is the first time I make some money online by myself. A deep thank you for the guy who wrote this.
Happy to be helpful. Always be prudent.
While someone causes panic, I prefer decentilized projects. For example, x p2p. No one can provide us safety of privacy but x solved our solution.