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

Last updated: 23 March 2020

How to find the best Mintos loans

Mintos currently offers loans from 70 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 Mintos loans available?

The chart below represents the loans available on the Mintos primary market as 23 March 2020. 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. The last time we updated this chart was in December 2019. We were talking about the large fall in interest rates, and reduced loan availability. The highest rates available then were around 13%. The chart and tables below show how dramatically things have changed. Rates of up to 25% can now be found. 

As the COVID-19 pandemic progresses, finance companies will be finding funding more difficult to obtain. Clearly some are willing to pay high rates of interest right now to ensure that they maintain sufficient funding levels. 

Mintos loan scanner March 2020

Rates available to investors are by far the highest they have ever been since the platform launched. Obviously these are also the most uncertain times too in terms of economic outlook. The chart above shows returns available, and current interest rates available. In the current environment, we think that choosing quality issuers is more important than ever. If you are considering buying loans from a lender, spend some extra time to get to know their business model, their financial position and how well positioned they are to deal with COVID-19 disruptions over the next months. Can they pay higher funding costs? Are they online, or do they rely on branches? If you can get comfortable with those answers, there are some very high returns available to take advantage of right now.

Mintos Lender Our rating Interest rate Availability?
Acema 66 No
Aforti Holding 50 No
Agrocredit 47 6% Yes
Akulaku 57 10.0% Yes
Alex Credit 41 17.5% Yes
Alfakredyt 45 15.0% Yes
BB Finance / EGE 55 7.5% Yes
Capital Service 53 20.1% Yes
Capitalia 36 No
Cash Credit 53 21.0% Yes
Cashwagon 42 25.0% Yes
Cream 67 12.5% Yes
Credilikeme 18 No
Credissimo 80 12.3% Yes
Credit Star 79 No
Creditter 25 18.0% Yes
Credius 68 No
DanaRupiah 24 No
Debifo 32 No
DelfinGroup 77 16.0% Yes
Dineo 60 11.0% Yes
Dinerito 53 11.0% Yes
Dozarplati 61 25.0% Yes
DZIESIĄTKA 62 11.0% Yes
E-cash 26 22.0% Yes
EcoFinance 47 15.0% Yes
Esto 60 12.0% Yes
Everest Finanse 69 14.0% Yes
Evergreen 51 15.0% Yes
ExpressCredit 22 19% Yes
Extra Finance 52 No
Finitera (Kredo, Albania) 23 19.0% Yes
Finitera (Tigo, Macedonia) 13 19.0% Yes
Finko Group 72 20.0% Yes
FIREOF 43 No
Get bucks / My bucks 23 No
GFM 41 9.0% Yes
Hipocredit 32 8.0% Yes
ID Finance Mexico 8 10.0% Yes
ID Finance Spain 39 13.0% Yes
IDF Eurasia 78 12.0% Yes
ITF Group 50 No
iute credit 77 15.5% Yes
Julo 47 13.5% Yes
Kredit Pintar 66 15.0% Yes
Kredit24 32 No
Kviku 57 14.1% Yes
LF Tech 66 No
Lime loans 62 20.0% Yes
Mikro Capital 47 10.0% Yes
Mogo 79 20.0% Yes
Moneda 20 20.0% Yes
Monego 34 No
Mozipo Group 36 17% Yes
Mwananchi 54 No
Nexus 45 No
Novaloans 51 12.0% Yes
Pinjam Yuk 41 No
Placet Group 71 10.0% Yes
Rapicredit 28 No
Rapido 16 No
Revo Technology 65 No
SOS Credit 46 25.0% Yes
Stikcredit 53 25.0% Yes
Sun Finance (Bino, Latvia) 28 20.0% Yes
Sun Finance (Dineria, Mexico) 12 18.0% Yes
Sun Finance (Kuki.pl) 22 20.0% Yes
Sun Finance (Simbo, Denmark) 30 20.0% Yes
Sun Finance (Tengo, Kaz.) 13 20.0% Yes
Sun Finance Vietnam 7 16.5% Yes
Swiss Capital 40 No
TasCredit 52 12.0% Yes
Watu credit 61 18.1% Yes
Wowwo 70 12.5% Yes
Zenka 41 23.0% Yes

Check out loans available on other sites

EstateGuru logo

EstateGuru is an excellent site that offers loans secured on real estate. Rates are high - around 11%. Currently mainly focused on the Baltic region of Europe but with plans to expand into other countries.

Lemdermarket logo

Lendermarket is a new site that has been setup by Creditstar. Creditstar has been one of our highest rated lenders on Mintos for a long time. Rates are 14% which we think is good relative to the quality of the lending group providing the buyback guarantee.

Viventor logo

Viventor is a similar site to Mintos, just smaller. Some secured loans are available. There are multiple lenders listed on the site, but the quality can vary (see our Viventor lender ratings for details).

October P2P logo

October is focused on lending to small businesses in France, Spain and Italy. Rates are often a little lower than on Mintos, but some investors will like October because of the countries it operates in.

Bulkestate logo

Bulkestate is a small but growing site focused on loans secured on real estate. It offers loans secured by real estate. Their rates are the highest in Europe for secured loans currently (11-14%)

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

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  2. Centrino Reply

    Mintos added TAScredit.
    Any score on them?
    Thank you for your great research work 🙂

    • Oscar Harrington Post authorReply

      Hi Centrino. We added them yesterday. If you can’t see them on the post please try clearing your cookies/cache. We use it to load the page faster for you but there’s a chance it might result in you not seeing the updates straight away.

    • Oscar Harrington Post authorReply

      Hi Rodrigo – simple answer – there were some coding problems with an update we made yesterday. Thank you for pointing this out, we have now updated and fixed both. Appreciate it.

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  5. Davy Reply

    Great overview, but not up to date.

    Last update says 6 september 2019, but Expresscredit for example still have a rating of 53, while you have cut the rating from 53 down to 22 in july/august 2019.

    But still lots of info on this website, like https://explorep2p.com/mintos-lender-ratings/. Keep up the good work!

    • Oscar Harrington Post authorReply

      Hi Davy – you are absolutely right, we had not updated this for a while, and some of our ratings had changed. We’ve just refreshed it and we will keep it updated more often now..

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  7. Johan Reply

    Great page. Invaluable for helping in balance risk. What do you think about Mintos Invest &access? Could Mintos with their insider information be limiting or removing originators at risk?

    • Oscar Harrington Post authorReply

      Hi Johan. Thank you. Appreciate it. We don’t really like that product. We think a better portfolio can be created by only selecting the best originators. There’s a risk that investors are left with the loans no one else wants. In fact we did a post exactly answering your question.

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  9. Ondrej Reply

    Great job, I put it together with mintos and these loan originator/company missing:
    efaktor S.A
    Dziesiatka Finanse
    Dozarplati
    Extra Finance
    Lime Zaim (as mentioned above)
    Novaloans
    Tengo/Capvia LLP
    Banknote/SIA ExpressCredit
    Credilikeme

    hope it is helful

    • Oscar Harrington Post authorReply

      Hi Ondrej. Most of those are there (except Nova which is brand new and we are adding now). It seems a lot of people have different preferences in terms of exactly what to call each lender in the table, but we’ve done our best to provide the most obvious name that is consistent with the Mintos site.

  10. Marco Reply

    Great Work. Thank u very much.
    It Seems like u missed Out in adding Kredit Pintar to you Interest/Lender Raiting Chart.
    Keep Up the great work. U helped me a lot! 🙂

  11. JBwocky Reply

    Does anybody know why loans from Lime Zaim disappeared? What does it mean? Should I start to worry? I invested in their loans and they are all late. Mintos gaved them B

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  14. 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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  17. 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.

    • 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).

  18. 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.

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