Mintos

Mintos Review

Mintos is a peer to peer lending marketplace, where many loan originators come together and offer their loans to a large amount of investors. Investing in peer to peer lending allows a steady growth of your net worth, assuming everything goes right. Mintos is currently the leading peer to peer lending company in Europe.

The goal of this article is to help newcomers or people that don’t have a lot of time to spend on research. Fabulous Life Adventures will help you maximize returns or help you find safer investments.

Returns

3 months 6 months 12 months
13.42% (EUR) / 13.94% (GEL) 24.49% (EUR) / 15.95% (GEL) 21.89% (EUR) / 13.88% (GEL)

Loan Originator Performance Analysis

Here we will analyze the loan originator’s performance on Mintos by buyback guarantee, country and currency. We found by experience that these are the 3 parameters that influence the loan performance the most. This also gives us an accurate understanding as to why a certain loan originator may not be performing so well.

On Mintos, we found that investing in loans with a term of at least 6 months perform better. Generally, you may want to avoid all short-term loans with 1 month or less. The reason behind this is that simply you cannot solve debt by getting a loan and pay it off next month. Most likely they will end up being late, sitting in your portfolio forever, until they are eventually purchased back.

What you should do is invest in long-term loans. What you are probably thinking is that this will increase your exposure, and you may not be able to pull your money away quickly enough when things turn bad. However, if you invest in long-term loans such as 36 months or more, in the beginning your portfolio may not look so good, you will notice a lot of late loans. However, those loans will be purchased back, and new loans will come into place. These new loans may have some good loans too, and they will stay in your portfolio, and the bad loans will be bought back once again. After a few months, you should have a very strong portfolio with only 10-20% of the loans being late, maybe less if you picked the loans well.

With a well diversified portfolio, over let’s say 10 loan originators, you have about 10% exposure, if only 10-20% of your loans defaults, you will lose an estimated 1-2% of your portfolio. I strongly believe peer to peer lending will not be affected by an economy going bad. People always need loans, some people lose their jobs. If you look at actual statistics, there were only a few hundred thousand job losses every month with an actual population of 300 million people.

That being said, I believe your chances should be better compared to stock trading or cryptocurrencies where you could lose everything overnight.

Filters applied:

  • Minimum 1,000,000 EUR in outstanding loans
  • Minimum 500 loans
  • Minimum term of 3 months
Loan Originator Currency Country Current/Total Ratio Outstanding
Aasa EUR Poland 60%  €    9,348,362.73       3,646
Aasa EUR Sweden 100%  €    9,348,362.73       1,901
Aasa PLN Poland 53%  €    9,348,362.73          655
Aasa SEK Sweden 100%  €    9,348,362.73          331
Banknote EUR Latvia 68%  €  10,716,277.80       1,453
Banknote EUR Latvia 75%  €  10,716,277.80     20,892
BIG GEL Georgia 100%  €    1,862,390.29          269
BIG GEL Georgia 100%  €    1,862,390.29          717
BIG GEL Georgia 100%  €    1,862,390.29             57
Capital Service EUR Poland 87%  €    2,845,687.57       4,807
Capital Service PLN Poland 90%  €    2,845,687.57          227
CashCredit EUR Bulgaria 83%  €    2,800,216.21       8,320
Creamfinance EUR Georgia 83%  €  16,972,116.73             84
Creamfinance GEL Georgia 100%  €  16,972,116.73             57
Creditstar CZK Czech Republic 66%  €    8,074,592.74          267
Creditstar EUR Finland 68%  €    8,074,592.74          661
Creditstar EUR Poland 63%  €    8,074,592.74       2,630
Creditstar EUR Spain 68%  €    8,074,592.74          338
Creditstar PLN Poland 65%  €    8,074,592.74          659
ExpressCredit EUR Botswana 85%  €    1,038,376.00          807
GetBucks EUR Botswana 89%  €    7,419,519.10       2,642
GetBucks EUR Kenya 99%  €    7,419,519.10          380
GetBucks EUR Zambia 98%  €    7,419,519.10     12,013
GetBucks USD Botswana 100%  €    7,419,519.10          191
Hipocredit EUR Latvia 81%  €    5,502,360.67          532
Hipocredit EUR Lithuania 83%  €    5,502,360.67             94
ID Finance EUR Georgia 90%  €  33,250,039.96       5,927
ID Finance EUR Kazakhstan 100%  €  33,250,039.96          350
ID Finance EUR Spain 89%  €  33,250,039.96          274
ID Finance GEL Georgia 83%  €  33,250,039.96       3,838
ID Finance KZT Kazakhstan 100%  €  33,250,039.96             82
IuteCredit EUR Albania 76%  €    2,240,680.46       7,796
Lendo EUR Georgia 90%  €  25,730,030.53   118,748
Lendo EUR Georgia 100%  €  25,730,030.53               1
Lendo GEL Georgia 87%  €  25,730,030.53       3,643
Mogo EUR Bulgaria 78%  €  76,935,902.45       1,504
Mogo EUR Estonia 85%  €  76,935,902.45       4,762
Mogo EUR Latvia 86%  €  76,935,902.45     10,500
Mogo EUR Latvia 89%  €  76,935,902.45       3,940
Mogo EUR Lithuania 84%  €  76,935,902.45       6,912
Mogo EUR Poland 72%  €  76,935,902.45       1,240
Mogo EUR Romania 70%  €  76,935,902.45       1,438
Mogo GBP Poland 76%  €  76,935,902.45          634
Mogo PLN Poland 75%  €  76,935,902.45          490
Mozipo Group EUR Denmark 71%  €    6,756,570.68          602
Mozipo Group EUR Lithuania 90%  €    6,756,570.68       6,087
Mozipo Group EUR Romania 80%  €    6,756,570.68          978
Sebo EUR Moldova 46%  €    4,069,899.65     12,939

Loan Performance Details

When we remove the term filter. However, short-term loans don’t give an accurate indication of a loan originator’s performance.

Filters applied:

  • Minimum 1,000,000 EUR in outstanding loans
  • Minimum 500 loans
Loan Originator Cur. Country Type Ratio C/L
Aasa EUR Poland Personal 60%  €    9,348,362.73 3646
Aasa EUR Sweden Personal 100%  €    9,348,362.73 1901
Aasa PLN Poland Personal 53%  €    9,348,362.73 655
Aasa SEK Sweden Personal 100%  €    9,348,362.73 331
Banknote EUR Latvia Pawnbroking 70%  €  10,716,277.80 14271
Banknote EUR Latvia Personal 75%  €  10,716,277.80 21284
Banknote EUR Latvia Short-Term 93%  €  10,716,277.80 1868
BIG GEL Georgia Agricultural 100%  €    1,862,390.29 326
BIG GEL Georgia Business 100%  €    1,862,390.29 746
BIG GEL Georgia Car 100%  €    1,862,390.29 57
Bino EUR Latvia Short-Term 92%  €    6,239,331.27 21149
Capital Service EUR Poland Personal 87%  €    2,845,687.57 4807
Capital Service PLN Poland Personal 90%  €    2,845,687.57 227
CashCredit EUR Bulgaria Personal 84%  €    2,800,216.21 9611
Creamfinance CZK Czech Republic Personal 78%  €  16,972,116.73 292
Creamfinance CZK Czech Republic Short-Term 73%  €  16,972,116.73 1620
Creamfinance DKK Denmark Short-Term 10%  €  16,972,116.73 10
Creamfinance EUR Denmark Personal 77%  €  16,972,116.73 1427
Creamfinance EUR Denmark Short-Term 76%  €  16,972,116.73 729
Creamfinance EUR Georgia Personal 84%  €  16,972,116.73 85
Creamfinance EUR Georgia Short-Term 85%  €  16,972,116.73 6498
Creamfinance GEL Georgia Personal 100%  €  16,972,116.73 58
Creamfinance GEL Georgia Short-Term 56%  €  16,972,116.73 5188
Creditstar CZK Czech Republic Personal 61%  €    8,074,592.74 346
Creditstar CZK Czech Republic Short-Term 66%  €    8,074,592.74 205
Creditstar EUR Finland Personal 67%  €    8,074,592.74 664
Creditstar EUR Finland Short-Term 83%  €    8,074,592.74 6
Creditstar EUR Poland Personal 62%  €    8,074,592.74 2863
Creditstar EUR Poland Short-Term 55%  €    8,074,592.74 1998
Creditstar EUR Spain Personal 68%  €    8,074,592.74 463
Creditstar EUR Spain Short-Term 68%  €    8,074,592.74 1237
Creditstar PLN Poland Personal 63%  €    8,074,592.74 709
Creditstar PLN Poland Short-Term 51%  €    8,074,592.74 508
EcoFinance EUR Russian Federation Short-Term 80%  €    5,017,121.62 1383
EcoFinance RUB Russian Federation Short-Term 100%  €    5,017,121.62 451
EuroOne EUR Spain Short-Term 63%  €    1,840,704.50 3968
ExpressCredit EUR Botswana Personal 85%  €    1,038,376.00 815
ExpressCredit Zambia EUR Zambia Personal 100%  €    1,401,983.98 2230
ExpressCredit Zambia EUR Zambia Short-Term 100%  €    1,401,983.98 5414
GetBucks EUR Botswana Personal 89%  €    7,419,519.10 2642
GetBucks EUR Botswana Short-Term 42%  €    7,419,519.10 1416
GetBucks EUR Kenya Personal 99%  €    7,419,519.10 392
GetBucks EUR Kenya Short-Term 88%  €    7,419,519.10 530
GetBucks EUR Poland Short-Term 69%  €    7,419,519.10 928
GetBucks EUR Zambia Personal 98%  €    7,419,519.10 12466
GetBucks EUR Zambia Short-Term 85%  €    7,419,519.10 41
GetBucks USD Botswana Personal 100%  €    7,419,519.10 191
GetBucks USD Botswana Short-Term 96%  €    7,419,519.10 849
Hipocredit EUR Latvia Mortgage 81%  €    5,502,360.67 532
Hipocredit EUR Lithuania Mortgage 83%  €    5,502,360.67 94
ID Finance EUR Georgia Personal 90%  €  33,250,039.96 5927
ID Finance EUR Kazakhstan Personal 100%  €  33,250,039.96 350
ID Finance EUR Spain Personal 73%  €  33,250,039.96 4816
ID Finance EUR Spain Short-Term 67%  €  33,250,039.96 6493
ID Finance GEL Georgia Personal 83%  €  33,250,039.96 3838
ID Finance KZT Kazakhstan Personal 100%  €  33,250,039.96 82
IuteCredit EUR Albania Personal 76%  €    2,240,680.46 7798
Kredit24 EUR Kazakhstan Short-Term 60%  €  35,863,021.51 2068
Kredit24 KZT Kazakhstan Short-Term 47%  €  35,863,021.51 865
Kuki EUR Poland Short-Term 88%  €    4,374,871.74 5098
Kuki PLN Poland Short-Term 93%  €    4,374,871.74 1350
Lendo EUR Georgia Personal 90%  €  25,730,030.53 119613
Lendo EUR Georgia Short-Term 89%  €  25,730,030.53 19334
Lendo GEL Georgia Personal 88%  €  25,730,030.53 4432
Lendo GEL Georgia Short-Term 94%  €  25,730,030.53 10018
Mogo EUR Bulgaria Car 78%  €  76,935,902.45 1504
Mogo EUR Estonia Car 85%  €  76,935,902.45 4764
Mogo EUR Latvia Car 86%  €  76,935,902.45 10596
Mogo EUR Latvia Personal 89%  €  76,935,902.45 4019
Mogo EUR Lithuania Car 84%  €  76,935,902.45 6916
Mogo EUR Poland Car 72%  €  76,935,902.45 1240
Mogo EUR Romania Car 70%  €  76,935,902.45 1438
Mogo GBP Poland Car 76%  €  76,935,902.45 634
Mogo PLN Poland Car 75%  €  76,935,902.45 490
Mozipo Group EUR Denmark Personal 71%  €    6,756,570.68 615
Mozipo Group EUR Lithuania Personal 90%  €    6,756,570.68 6327
Mozipo Group EUR Lithuania Short-Term 93%  €    6,756,570.68 176
Mozipo Group EUR Romania Personal 80%  €    6,756,570.68 1032
Mozipo Group EUR Romania Short-Term 91%  €    6,756,570.68 34
Sebo EUR Moldova Personal 69%  €    4,069,899.65 23895
Sebo EUR Moldova Short-Term 44%  €    4,069,899.65 3390
Varks EUR Armenia Short-Term 91%  €    9,674,123.72 56395

Loan Types

Car Loans

If you plan on investing manually, then car loans is most likely the best way to go. You know the age and gender of the borrower as well as the type of car they are buying. You may for example want to avoid investing in a 20-35 year old buying a BMW 7-series, these borrowers will end up most likely with expensive repairs sooner or later. Look up the MSRP of the car they are buying, the new value of car will most likely represent the repair costs more accurately.

Also don’t forget to look at the fuel type and capacity of the engine. Anything above a 2.0L engine is going to be consuming a lot of gas. Mogo is very transparent about these details.

If possible, try to invest in car loans that have been issued at least 1 or 2 months ago and have had 1 or more successful payments. Most of the time used cars have some problems that need to be fixed after purchasing, which can lead to unexpected costs.

  • Which car brands depreciate the least? Dacia, Toyota, Mazda and Nissan.
  • Which car brands depreciate the most? Cadillac, BMW, Audi, Lexus, Infinity, Mercedes, Opel, Ford, …
  • Which car models depreciate the least? SUVs, cross overs, pick-up trucks, sports cars
  • Which car models depreciate the most? Hatchbacks, luxury vehicles

Pawnbroking Loans

Generally I would avoid this type of loan altogether. When you look at the bare statistics at Mintos, you can see these type of loans have a lot more late running loans. The reason behind it is most likely that people are more desperate to get a loan, so they are starting to put valuable personal items as collateral.

Short-term Loans

If you want to have your money available within a 3 month time frame assuming they may run late and are bought back within 60 days, then this loan type is for you. However, there are a lot of late loans here, so if you invest you can check if late fees are being paid by the loan originator when it’s bought back. But I find this counter productive, and only increases the chance of the loan originator defaulting.

Generally you can expect much lower returns. Because of this, I would recommend investing in long-term loans and just selling them if you need the money again. As I mentioned earlier in the article, buying new loans very frequently results in more late loans in your portfolio which could result into higher risk if the loan originator defaults.

Agricultural Loans

Agricultural loans are fairly risky when we start looking at the climate. Make sure to look up the climate of the region and the possible impact of the weather on the agriculture industry in that region.

Mortgage Loans

Having a mortgage loan with an interest rate of 8% or higher is risky. Be sure to invest in mortgages with a lower borrowed amount. However, a default rate of 2-3% isn’t all bad for mortgage loans without a buyback guarantee. And they are secured by collateral after all.

Business Loans & Invoice Financing

I’d recommend taking a look at the finances of the business you are investing in, if available. Sometimes these are backed by collateral.

Taxes

How much taxes you have to pay on Mintos, depends on the type of income. I recommend you to consult with an accountant to optimize your strategy for Mintos.

Belgium

  • Interest Rates: 30% (Tax Code 1160-04)
  • Capital Gain: 0%
    Belgium only has capital gain tax on buying and selling real estate with profit, and pattern day trading.
  • Campaign Rewards (Cashback): 0%

Convinced?

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