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

Last updated: 4 December 2019

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 November 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. We have noticed a very dramatic fall in loan availability since our last update in September. There are simply much fewer companies with loans available on the primary market. We suspect that this is partly because smart investors have been including loans from the higher rated loan originators in their auto-invest settings, which means that any new loans get taken very quickly and do not reach the primary market. Secondly, we have seen lenders like Creditstar set up their own P2P sites, and take their loans away from Mintos.  Another major loan originator, Mogo, has also significantly reduced the volume of loans it is placing with Mintos. We have also noticed that rates have continued to fall – typical rates are now below 10%.

Mintos loan scanner chart Dec 2019

It’s currently much more difficult than usual to find available loans that offer an excellent balance of return and strong lender score. In fact, for investors who have only invested onto the Mintos platform, now is a good time to diversify onto other platforms that offer higher returns. We have listed some options at the bottom of this page. On Mintos, we think some of the better available options right now include iute Credit, ID Finance (Kazakhstan) and Placet Group. If you use the Auto-Invest function, we also recommend setting this up to purchase loans from the higher rated lenders with no current availability. This means that you will have more chance of getting these loans when they come onto Mintos.

Mintos Lender Our rating Interest rate Availability?
1pm plc 81 No
Agrocredit 47 No
Akulaku 54 8.0% Yes
Alex Credit 41 No
Alfakredyt 45 No
BB Finance / EGE 55 No
Capital Service 57 No
Capitalia 36 11.1% Yes
Cash Credit 53 9.5% Yes
Cashwagon 37 9.6% Yes
Cream 67 11.5% Yes
Credilikeme 18 No
Credissimo 80 No
Credit Star 79 No
Credius 68 No
Debifo 32 No
Dineo 60 7.0% Yes
Dinerito 53 Yes
Dinero 39 No
Dozarplati 61 No
E-cash 26 No
EBV Finance 58 No
EcoFinance 47 No
Esto 60 8% Yes
Evergreen 51 No
ExpressCredit 22 No
Extra Finance 52 No
Get bucks / My bucks 20 10.5% Yes
Hipocredit 32 No
ID Finance Holding 78 9.5% Yes
ID Finance Mexico 8 No
ID Finance Spain 39 No
iute credit 77 No
Kredit Pintar 66 No
Kredit24 32 n
Kredo 23 No
Kviku 57 9.1% Yes
Lendo 14 9.5% Yes
Lime loans 62 No
Metrokredit 11 No
Mikro Capital 47 No
Mogo 79 8.0% Yes
Monego 34 No
Mozipo Group 36 No
Nexus 45 No
Novaloans 51 No
Peachy 22 No
Placet Group 71 9.0% Yes
Rapicredit 28 No
Rapido 16 No
Sebo 53 10.0% Yes
SOS Credit 46 11.0% Yes
Stikcredit 53 9.2% Yes
Sun Finance (Bino, Latvia) 28 11.4% Yes
Sun Finance (Dineria, Mexico) 12 11.0% Yes
Sun Finance ( 22 11.7% Yes
Sun Finance (Simbo, Denmark) 43 11.5% Yes
Sun Finance (Tengo, Kaz.) 13 11.5% Yes
Tigo 13 10.4% Yes 61 No
Vizia / Banknote 77 No
Watu credit 47 9.5% Yes
Wowwo 71 No
Zenka 45 9.3% 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 12% 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%)

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

  1. 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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  4. 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 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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  6. 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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  8. Ondrej Reply

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

    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.

  9. 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! 🙂

  10. 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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  13. 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=)

    • 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?

        • 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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  16. 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).

  17. 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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