Introducing our new Mintos Loan Scanner. Find the best Mintos loans quickly

Last updated: 11 May 2019

Selecting the best Mintos loans can be hard

Mintos currently offers loans from 58 lenders. That’s a lot of choice, which is great, but it can also make it hard to create a portfolio that has the optimal balance of risk and return. The quality of the different lender on Mintos varies dramatically, which also makes loan selection even tougher. For over a year, we have been publishing our Mintos Lender Ratings, to help investors identify which lenders have the strongest credentials, and which are higher risk. This has been a very popular feature, and so today we are launching our new Mintos Loan Scanner. Our Loan Scanner builds on our lender ratings and adds information about current interest rates, and the supply of loans on the primary market, to help investors quickly see what is available across the primary market, and what the best opportunities may be. We plan to regularly update this page as interest rates, lender ratings and loan availability changes.

What are the best Euro loans available?

The chart below represents the loans available on the Mintos primary market as of May 11 2019. The vertical axis shows the typical interest rate that can be found from each lender. The horizontal axis represents the current rating score for each lender. The size of each bubble represents the availability of loans (low/medium/high).  The most attractive loans are on the top right side of the chart, and the least attractive on the lower left side. 

Loans that currently offer a good balance of return and strong lender score include Mogo, Credit Star, Credius,  ID Finance, Vizia/Banknote and iute Credit. While most Mintos lenders are structured with buyback guarantees, individual loan characteristics also need to be considered. Some lenders, such as Hipocredit and FIREOF offer mortgages secured on housing, but at lower returns. Capitalia offers some of the highest interest rates available, but without buyback guarantees. The full list of lenders offering Euro denominated loans currently operating on Mintos is shown below. 

Mintos Lender Our rating Interest rate Availability
Mogo 71 12.0% High
ID Finance 81 12.0% High
Credit Star 77 13.0% Mid
Capital Service 65 13.5% Low
iute credit 77 11.0% Mid
Vizia / Banknote 77 11.0% Low
Cream 67 11.5% Mid
IFN Extra Finance 60 11.0% None currently
Mozipo 47 12.0% Low
Aasa 71 10.0% Low
Aforti 45 10.5% Low
Capitalia 36 11.0% None currently
Lendo 34 13.0% Low
ITF Group 45 11.0% None currently
Hipocredit 32 8.0% Mid
Debifo 34 10.0% None currently
Get bucks / My bucks 24 12% Mid
Cash Credit 35 10.0% Low
Rapido 16 10.0% Mid
Bino 15 13.0% Mid
Sebo 21 13.0% Mid
Watu credit 35 9.0% Low
Kredit24 50 N/A None currently
Varks.am 61 13.5% Mid
Agrocredit 47 7.0% High
Acema 61 7.5% None currently
ExpressCredit 53 13.5% Low
Kuki.pl 13 13.5% High
Alfakredyt 33 10% Low
Placet Group 71 9.0% Low
Simbdo.dk 24 13.5% Mid
Metrokredit 13 13.5% Mid
FIREOF 39 6.5% High
Pimpay 18 N/A None currently
Invipay 37 N/A None currently
Akulaku 54 10.5% High
EBV Finance 63 8.0% High
Credissimo 80 8.0% Low
Rapicredit 40 N/A None currently
BB Finance / EGE 62 7.5% Low
Dinero 41 14.0% Mid
Credius 70 11.0% High
Tigo.mk 26 12.5% Low
LF Tech 66 N/A None currently
Kviku 45 10% Low
Cashwagon 37 14.0% High
Kredo 26 13.0% Mid
Efaktor 45 N/A None currently
Peachy 17 12.5% Mid
Dineo 60 9.0% Mid
Monego 39 13.5% High
Edit

Recent interest rate changes

  • Lendo +4% to 13%
  • Capital Service +1.5% to 13.5%
  • Varks +1.5% to 13.5%
  • Cashwagon +2% to 14%
  • Kuki +1.5% to 13.5%
  • Simbo +1.5% to 13.5%
  • Cream +1.5% to 11.5%
  • Mogo +1% to 12%
  • Aasa +1% to 10%
  • ID Finance +1% to 12%
  • Sebo +1% to 13%
  • Bino +1% to 13%
  • Dinero +1% to 14%
  • Kredo +1% to 13%
  • Credit Star +1% to 13%
  • Hipocredit -2% to 8%
  • Watu -2% to 9%
  • Cashcredit -1% to 10%
  • BB -1% to 7.5%

Now is a good time to be joining Mintos or adding further funds. Most of the current interest rates available are 1-2% higher than they have been over the last 12 months. It’s not clear why interest rates available have increased so much, but it is good news for P2P investors. It’s always important though to continue to keep an eye on lender quality, regardless of interest rates available.

What loans are available in other currencies?

Mintos non-euro lenders

Most loans on the primary market are available in Euros, however there is growing supply of loans in other currencies. We think these loans will be purchased by investors already holding cash in these currencies, but the higher returns generally available may attract some European investors to purchase these loans. Current availability of all the non-Euro lenders shown above is relatively limited. Lime Loans, and 1pm plc have both achieved relatively high lender ratings and also offer high rates. 

20 thoughts on “Introducing our new Mintos Loan Scanner. Find the best Mintos loans quickly

  1. Matteo Reply

    Great work, thank you!
    How do you calculate the lender rating?
    Is there a rating threshold that you suggest don’t go lower?
    Do you know which lender is actually profitable?

    Thank you very much!

    • Oscar Harrington Post authorReply

      Hi Matteo. Thanks for the feedback. If you check out our Mintos lender ratings page, you can see all the financial information of each lender and how we scored each lender. The minimum score really depends on your risk appetite, but we think staying above a 50 score could help to significantly reduce investment risks.

    • Oscar Harrington Post authorReply

      Hi Stan. We’ve updated our tables for BB Finance Group today, with an initial score of 62. We think they have some good metrics however it is hard to find their loans (some can be found if you set up an auto-invest to buy their loans).

  2. Freeze_XJ Reply

    It really looks like the rates are fluctuating wildly. Several lenders are back up to 12%, some of which are high volume (Varks), thus forcing others to also offer more, or miss out on backing. I’m wondering if this is just lenders testing supply/demand, or whether something actually changed on the market, like banks charging higher rates as well.

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  5. Mark Reply

    Hi Oscar,
    I am trying to come up with a scoring system to determine the allocation for a portfolio of 100k EUR spread across buyback-guarantee lenders with your rating 50+.
    The purpose of the scoring system is to come up with allocation(% of portfolio) to each lender. One challenge is that if the lender does not have enough available loans,my model would need to adjust accordingly.
    Some of the metrics are: Your(Explorep2p) rating, Mintos Rating, Interest Rate*.
    *On the ‘Interest Rate’ metric, basically as long as Explorep2p rating is good and Mintos rating is good, and buyback guarantee is in place, the higher the better.
    My question is, what other metrics could I use in these calculations?
    I am trying to model this in Excel, I’d be happy to share what I come up with when it’s done=)
    Thanks!

    • Oscar Harrington Post authorReply

      Hi Mark. Sounds like a pretty good system already to be honest. You might want to think about other characteristics too like geography, loan types and so on. Diversification is good. Otherwise there’s a risk of being overweight pay day lenders in Central and Eastern Europe for example…

      • Mark Reply

        Oscar,thanks for your reply. I forgot to mention that geography would be Eurozone and currency Euro only. Are you saying to get more specific than that? If so, are there statistics on which countries are better? Same for loan types-are there statistics on which loan types have less/more defaults? And do I understand correctly that this becomes important only if a lender defaults on the buyback guarantee?
        Can I somehow send you the Excel I come up with?
        Thanks!

        • Oscar Harrington Post authorReply

          Hi Mark. The point made about geography is that some countries and regions are higher risk than others. Even if a lender offers loans in Euro currency on Mintos they may actually be operating in a different currency, and there is very little information provided about whether the lenders are hedging the FX risk that they have. On loan types – it can make sense to diversify between lenders that offer different types of loans. So, for example, if the payday lending market has issues, this may not have any impact on the secured car loans or mortgage loans that you hold. If you are relying on buyback guarantees the main focus is on whether the lender is performing well and whether they will be able to perform on their buyback guarantee. That’s why we started this page, because Mintos didn’t really make it clear to investors that it was the main risk they were running, and also that the quality of the lenders varies tremendously.

        • Oscar Harrington Post authorReply

          Woops! Thx for letting us know Mark, we’ve fixed the table now!

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