Mintos

Mintos is the leading marketplace for investing in loans in Europe. Unlike Bondora which originates loans itself, Mintos connects investors with various lending companies (loan originators) from around the world. Investors can fund car loans, mortgages, and personal loans to earn interest rates that often average between 10% and 12%.

The platform offers a "Buyback Obligation" on many loans, where the lending company promises to buy back the loan if the borrower is late on payments. Mintos is a legitimate investment firm regulated by the Bank of Latvia, offering a highly diversified way to earn passive income from debt.

Frequently Asked Questions

1. What is the Buyback Obligation?

A Buyback Obligation means the lending company will repurchase the loan from the investor if the borrower is more than 60 days late on payments. This protects the investor from individual borrower default, though it relies on the stability of the lending company.

2. specific minimum investment?

The minimum investment is €50. This allows investors to easily diversify their portfolio across hundreds of different loans and lending companies to mitigate risk.

3. Is Mintos regulated?

Yes, AS Mintos Marketplace is an investment firm licensed and regulated by the Bank of Latvia. Investors are protected by the national investor compensation scheme up to €20,000 in specific cases of non-compliance.

4. Can I withdraw anytime?

Loans usually have a set term, but Mintos has a Secondary Market where you can sell your investments to other users if you need liquidity early. A small fee is charged for selling on the secondary market.

5. What are Mintos Notes?

Mintos recently transitioned to financial instruments called "Notes." These are regulated securities backed by the underlying loans, providing greater transparency and legal protection for investors compared to the old claim rights model.