I am investing with Mintos for about 8 months with my 12,5% average interest rate. I had only good experience with it. There are many options how to set you auto invest strategy, so better read about how to set your strategy before you invest your money. Or you can use Invest & Access with 10-12% average interest rate and fast liquidity. It is quite popular now.
Other good thing to mention is, that there are 69 loan originators. You can great diversify your portfolio. Most of the loans are with buy-back guarantee.
To get bonus from 1% up to 2% from your investments, use this code JA8EI5
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Review by Zisis1 month ago
It is well-organized, clear, user-friendly and easy-to-understand platform. Before, it also had a big number of opportunities for investment. Interest rate also were quite high - up to 17% last June.
Unfortunately, the situation with interests and loan availability has dramatically being changed since August. The big players with big money have come onto the platform and begun to behave like a bears to make quick and easy money. They buy everything profitable forcing interests to drop down and when interests become 1,5-2% lower start to sell their investments with premium to small investors. As a result, they make quick money and interests are already about 10,5% and lower depending on the term and loan seller rating. So, the Mintos has become platform not for investors, but for speculating bears. Indeed, there was similar situation in the beginning of this year, but interests were above 11% Today, the situation seems to be harder.
I think Mintos should decide whether the platform aimes at investors or at speculators. Otherwise I would not recommend to invest through the platform. There are already higher interests at other investing platforms even at estateguru with their usual modest 11%. I think I will wait a couple of weeks and if Mintos does nothing against speculations (e.g. forbid selling with premium) will start to withdraw money. I have already finished to do new investments into loans.
Review by Zarp Ughradar1 month ago
Maybe the Best P2P Landing platform
I think is Mintos is one of the best P2P Landing platform now.
All loan are always paid in time, Great!
Here find my referral link to get a bonus (delete every spaces found):
www. mintos.com /en/l/ref/DL4EL2
Review by Chipo Derrow1 month ago
Nice crowdlending site, very easy to use. A lot of loans.
When is the app expected ?
Suscribe with my code 2R2S14 to have an extra payout for 1% of all investments. This is within the first 90 days from your registration and pays out in 3 parts.
Review by Warrego Inzano1 month ago
1. Platform Look & Usability (Dashboard, XIRR, Auto-Invest, Reports) - Perfect - Benchmark for all other platforms - 1/1 points
2. Platform Service (Deposit, Withdrawal, Communication, Support) - Perfect - Benchmark for all other platforms - 1/1 points
3. Diversification (Countries/Originators): best diversification opportunities of all paltforms I have invested in - 1/1 points
4. Interest Rates: varies strongly during the time since I started my investments - currently significantly under my personal minimum requirement of 12% - 0/1 points
5. Loan amount: no bottlenecks so far - 1/1 points
6. Buyback Guarantee: yes for most originators - 1/1 points
7. Loan Conditions (Grace Period, Late fees): if there is anything to be criticized: I don't like the different originator's conditions for grace periods (up to 30 days) and interest income on delayed payments (partly not paid) - 0/1 points
8. Secondary Market: yes - and can also be considered in auto invest - 1/1 points
Summary: 6/8 points in my personal rating (decreased in September 2019) - although normally this platform used to be the best one I have invested in the current low interest rates are not really acceptable for me. This is why looking at other platforms becomes more and more interesting at the moment.
Review by Aston1 month ago
I agree with the written before. The current situation indeed seems to be an attempt to press out money from small investors who are loyal to Mintos. They get less interest and pay premium to wholesale buyers of loans. If Mintos has no will to protect small investors who raised platform to its current position then it seems to be a bad strategy. Small investors are quite loyal and conservative, but if they leave the platform then Mintos will have business with big sharks. And it is quite bad, because big sharks like to rip everything and can eat Mintos. That is pity if Mintos doesn't realize the risk of the situation. I also think that if there was a quarantine period of 2-3 weeks on loans reselling with premium it would improve the situation. Let make equal fair rules for everyone. Small investors must not be sheeps for wolves. I have some bad experience with investments into Baltic shares. The Olympic Casino and Baltica treated small investors like dirt. I am afraid it is a local feature to have no respect to small investors.
P.S. Yeap, the situation continues to get worse. Interests trend to fall down further.
Review by Inlawz1 month ago
I originally wrote an enthusiastic 5 star review and then few months later a less enthusiastic 4 star review, and now I am afraid it will be a 3 star review.
After transferring out about 5% of the money in the Mintos account to the usual bank account the Mintos account was blocked. In modern world bureacratic lingo they call it limited. When you cannot invest or transfer YOUR money it is blocked, not limited! To unblock Mintos wanted a selfie with the passport they already have. This just a hassle, for what? Typical of idiotic bureaucracy is exactly this, asking for what you already have.
I'll be leaving Mintos, slowly, seeing that a 2000€ transfer to the usual bank account makes alarm bells sound, I'll move 1000€ at the time,
Also there are less and less investment opportunities, the number of loans available for investment have more than halved in a month. I invest only in the lower risk, out of the 15 top originators only 6 or 7 have loans available at the moment. I refuse to move to more risky loans.
Review by AsiAfrica SeraphMusic2 months ago
I couldn't hold back but make a point Or two. Since the launch of I&A things are going from good to bad to worse. It's a common thing for companies - when their growth reach a certain level, they decide they are so great they can .... the small investors, launch a product that simply says "leave due diligence to us, gives us your money and trust us (blindly)". Well, this strategy is good ... for a while... until the first hiccups... or until the platform falls into a position to explain even something not very complicated. It is simply not fair to give an edge to the lazy ones who opt for I&A over the same lenders that trusted the model,the platform, and risked their savings for years. Those whose faith contributed so greatly to the nowadays success. Somewhat in unison with the world-scale of encroaching profanity. Like "we prefer lenders that don't ask Qs" (Qs needs answers from customer support - no Q - no A means less money on support). So I would say - why not the other way round - reward those that devote their time, list and leave for 2 hours, give what's left to the lazy. Um? Not acceptable ... for you? On top of all these it turned out the software was not well-prepared for I&A hence bugs started popping up. I also confirm auto invest is not working well and to state the opposite is part of the tactic "never confess something's wrong". Also I don't believe that LOs upload their loans themselves - I've seen loans from few originators listed one by one from 7am to 12pm (or later) even during week-ends. Someone from Lime's office doing 24h duty? No. Automation from LOs end? Doubt it. The number of loans on offer is so low that it contradicts with the theory the lack of loans is due ONLY to a sudden and big increase in the number of new investors. Number of loans down tenfold. Number of lenders increased tenfold? I wonder whether Mintos was not tempted to change the t&c for LOs driving them away. And I don't believe the market is left on its own forces in terms of interest rates. Another unfair thing is the right LOs have to buy back their loans. If a LO listed a loan at 15%, at that moment 15% must have been a fair price for getting funded. The interest rates paid by the end-borrowers do not go down, so why the right to buy back and list a new loan at a lower rate? This process contributes to an endless and frustrating process of churning again and again the returned cash until the lenders end up with the lowest level of interest rates. And when rates start moving up, they find difficult to sell at 0, so often they feed the SM sharks. As the platform grows, it will become more evident it won't be able to distribute loans fairly to all through auto invest. I don't know whether it is possible but since the end borrowers are of no importance, instead of the need of powerful servers dealing with such a high number of searches/transactions, why not putting daily or weekly or monthly volume of loans directly to the originators keeping the parameters that matter. Like duration, interest rate, buy-back guarantee, etc. Just a thought. I wish Mintos will find a way that is fair, do not contradict their desire to grow rapidly but keep the faithful base in. Withdrawals are just a button away. 2 stars currently, 5 stars until not long ago.
Review by Ardita2 months ago
I had perfect experience as an investor so far. Thank you!
Review by DParis Dominick2 months ago
What Is the real situation with Aforti? They do not pay anything even after 60 days of the required day? It is a time to write a true about the bankrupt od this company.
Edit: I do not believe your answer. The reality is different.
Review by Getzel2 months ago
So far so good. I love the site the user interface is intuitive and fast. My investment is currently around 11.4% which I think is great.
I'm concerned that at any given time around 20% of the loans issued are late or unpaid and I can't help but wonder what kind of loans are being issued as currently interest rates around the world are historically low and I can go to a bank here in France and get a loan at 2-4%
Why are people borrowing from the Mintos loan originators willing to pay 17-25%? I' have tried to research this question with no luck finding an answer.
I hope things continue to go well and that the borrowers are being looked after as well as the investors.
Review by CathiMilligan2 months ago
I'm testing it from about 6 month and it gives me a lot of confidence. Everything is clear and well explained. Would be good to have an app instead of just the website.
Review by SRay2 months ago
Mintos introduced me to the p2p industry. While some things can get better, they seem to be focused on improving. I have faith in them and their business model and for me, everything is working out well. Also, last update on transparency of the loan originators uploaded on the platform was really good in my opinion.
Review by Jenei2 months ago
1) This answer from "We do have Pro-Investors program active but the bonuses for Pro-Investors in any way don’t give them the opportunity to get better investment opportunities with higher interest rates. " is not correct. It is clear that Autoinvest is prefered Pro-Investors. I have set Autoinvest function active for LIme Zaim more than 4 months, in my email notification I can see that loans of Lime Zaim were placed on the primary market but never my free money were invested by this Autoinvest. It is funny that Mintos announced several days ago that Autoinvest is working better. I can see no improvement.
2) Now Mintos and lenders earn more and more, but investors earn less and less. Now Mintos and lenders are completely abusing their position compared to the past.
3) It is time to go to Bondster. There it is possible to have a profit 12 % p.a. and not 8-9 % p.a. like in Mintos.
4) The "Back buy guarantee" is a fake like the recommendation for diversification. If some lender will bankrupt then you will never see your money.
Review by Goldschmidt Juhant2 months ago
Best P2P, would i recommend my friends an family.
Review by Yoerike2 months ago
Excellent, reliable, and user-friendly!
Review by MykaCC2 months ago
I used to be very happy with mintos until suddenly 2 weeks ago my account got limited (means unable to invest or withdraw funds). Since then I must say I have never received worse customer service than here.
I'm calling customer service daily, every time they say the same thing. We will investigate and email you back - but then they never reply. Nobody seems to know anything and all my emails are already unanswered for over 2 weeks.
I expected more from mintos. I strongly advise against this company due to their complete lack of customer service. As soon as my funds get unfrozen I will close my account.
Update: The issues has finally been resolved, apparently they needed to verify my account. This whole situation could have been prevented by simply informing me about this and providing a time frame for the resolution. The customer service agents were friendly, yet it seemed that they were not able to reach their own colleagues in a different department and also didn't reply to emails. I'm torn what to think about this, on the one side the platform is intuitive and provides constant results, on the other side I don't want to find out what happens if you have a real issue and need it resolved. I'll direct my further investments to other platforms at the moment and see how this performs in the future. They really need to work on their customer service, this whole experience was horrible.
Review by Tiitu Hildagarde2 months ago
My cooperation with Mintos has been going on since November 2018. Each loan was invested, it was returned with interest due. Some of them ahead of schedule, and even 60 days after the deadline, you will receive additional interest. Remember to always choose money marked with a guarantee of redemption - a yellow shield. I sincerely encourage you to cooperate with Mintos. I am the Ambassador of Mintos, so if you want to register, I recommend using the promotional code: MINTOSCLUB.RYBAK
Both of us gains from it, and the amount of the bonus depends on the savings you have invested.Due to the fact that I am a Mintos Ambassador, anyone who invests funds will get an extra 10 Euros more than they anticipate in the command table
Review by AlfonsoVelasco2 months ago
I transferred a small amount on the 26th of August to make some tests.
Today is September 3 and I am still waiting for support to find my transfer and make it available in my account.
I have already sent all the data they requested during the past week (IBANs, amount, and a PDF to prove the transfer).
In the meantime and on ANOTHER similar platform, where I opened an account on last Thursday and made a transfer last Friday, I've already had a small income. Sent some more euros early this morning and at 1pm it were already invested
For now, I'm really very disappointed with Mintos.
EDIT1: Problem solved (September 6th).
Made a new transfer today (September 11) to confirm I was just unlucky.
EDIT2: This time, the transfer took about 3 hours to be available in my account. Much better now!
Review by Lourraine2 months ago
I use this platform for around 3-4 weeks now and already at this most of the loans I invested in are late in payment.
It's true that I choose investments with high interest, but if I took 20 loans and only one paid in time, then it means there's something wrong with the originators you work with, it doesn't make sense statistically.
On top of that, I feel that some of the info given about the originators is not relevant, while other pieces of details would be crucial for the investors, e.g. if, when and how high are the investors paid for late payments.
it just doesn't seem as a platform you can rely on for long-term investing. I had high expectations honestly.
Hopefully their buyback guarantee work as expected.
Review by Mavenepuch2 months ago
I really like it
Review by Temka2 months ago
After some time I consider Mintos for one of my favorite platform for investing with my 13% average interest rate. I had only good experience with it. There are many options how to set you auto invest strategy, so better read about how to set your strategy before you invest your money. Or you can use Invest & Access with 12% average interest rate and fast liquidity.
Other good thing to mention is, that there are 64 loan originators. You can great diversify your portfolio. Most of the loans are with buy-back guarantee.
For more info and if you want to get BONUS, visit my blog smallinvest.eu
Review by Margauan2 months ago
Time to escape. Now typical borower Annual Percentage Rate (APR) is about 200 % and you will obtain maximaly 9 % p.a.. Mintos and lenders make good money from investors that have only 5 % skin in this game. Half year ago it was possible to invest in loans with profit 18 % p.a.
Review by Mulroy Sievinen2 months ago
I've been in this platform for 17 months now, and I'm very satisfied. There are always loans available with buyback guarantee, they are very transparent and informative, and the returns are great (10-18% depending on the strategy). I like the secondary market because it allows me to sell the loans if I need money or if I am not interested in those loans anymore. The auto-invest feature is great to have passive income! The loan originators are numerous so this allows for diversification within the platform.
Use this link (be sure to delete the space) to gain a bonus of 1-2% in the first 14 days www.mintos .com/en/l/ref/WP8US0
Review by Rallis Derrow2 months ago
Best P2P Plattform in the Web. I invested 2 years ago and I‘m happy untill today. Lots of loans are available day by day.