Mintos review


Overall Rating
Ease of use
Credit quality
Website features
Platform strength
Loan availability

Loan types available

Personal loans


Business loans

Car loans

Payday loans

Invoice finance

Website and investment product features


Secondary market

Pooled investments

Manual selection

What is Mintos? How does it work?

Mintos is the most sophisticated P2P site in all of Europe (including the UK). More than €3 billion of loans have been purchased through Mintos so far. No other site offers loans from as many lenders (more than 50). The majority of loans available to purchase are in euros, but other currencies are available, including Russian Roubles, Mexican Peso, British Pound, Polish Zloty and others.  Once an account is opened and funded, investors can choose from over 450,000 loans available to purchase from the primary market (direct from lenders) or secondary market (from other investors). Mintos offers 14 different filters to help investors find the most suitable loans. Investors can choose how much of any individual loan they wish to purchase. Investors can select loans individually or alternatively make use of the excellent auto-invest tool.  See our post on how to use the auto-invest function effectively, to generate the best returns at the lowest risk. The secondary market is extremely active, with hundreds of thousands of loans available. Investors can sell the loans they hold on the secondary market, and choose the price they wish to sell. Since November 2017, there have been no fees for using the secondary market. The secondary market can some times offer better returns for investors. See our post on how to find the best deals on the secondary market. A recent new option is the ‘Invest & Access’ product, which offers automatic diversification and an ability to sell loans quickly. However we recommend creating a bespoke portfolio rather than using this product, as we explain in this post.

What we like

What we don't like

  • Mintos has a huge number of lenders on the one platform, and the list continues to grow
  • The website has more features and performs better than any other P2P platform we have seen
  • The interest rates available are extremely attractive
  • Mintos has excellent customer service
  • The Mintos secondary market is extremely active
  • Large sums can be invested due to the strong flow of new loans each day
  • There is a diverse range of loan types and risk profiles
  • Currently #1 by volumes in Continental Europe
  • Website offers multiple languages and currencies (including English)
  • Some lenders are very small with a limited track record. The difference in quality between lenders is very high
  • Investment opportunities are heavily biased towards the baltics and Eastern Europe, which will not suit some investors
  • Mintos could improve its reporting on the status of recovery activities for defaulted loans
  • British residents are currently not permitted to invest (due to regulatory reasons)

Risk and return profile

Conclusions on Mintos

The return and risk profile of a Mintos portfolio can vary significantly. It really depends on which of the 50+ lenders you select, and what types of loans are purchased. Interest rates also tend to go up and down each month. Mintos investors can however normally expect to generate returns in the 10-13% region, which we think is very good in the current interest rate environment. Most loans on Mintos come with a ‘buyback guarantee’. This means that if a loan defaults, the lender will repurchase it from the investor. That makes the quality of the lender itself more important than the borrower, as the investor will only suffer a loss if a lender runs into financial difficulties and is unable to repurchase the loan. So far there have been two cases where this has happened – Eurocent, and Aforti Holdings.

The quality of lenders that are listed on Mintos can vary dramatically, and Mintos does not make it easy to assess which lenders are the best. That is why we created the Mintos lender ratings. It provides financial information about each lender, and also a score out of 100 based on several characteristics. Mintos have now introduced their own rating system, and we provide their ratings on this page too.We feel that there are many lenders on Mintos that in our view are too small, too inexperienced, are loss making, and have poor financial disclosures. However there are several good quality lenders too, and investors portfolios should be allocated towards those ones. 

The key is to create a portfolio that is diversified among many lenders, spread across different countries and loan types (auto, mortgage, short-term etc). To help with the portfolio construction process we created the Mintos loan scanner. That shows, in a single chart, our current rating score, interest rates, and loan availability levels for each lender.

Mintos is currently by far the largest European P2P site, and in our opinion, it is currently the best. The number of lenders appearing on Mintos grows almost every week. No other P2P investment platform in Europe currently offers investors the level of potential diversification by loan type, originator and geography. The main currency of the site is Euros although other local currencies are available. The website and customer support in English, German, Russian, Polish and several other languages which is impressive. The website offers a huge number of loan filters, which are useful both for selecting loans and also setting up very tailored autobid loan profiles. Daily emails are made available to investors that summarise all the various transactions that took place the prior day (interest earned, loan purchases and sales) etc. Mintos offers an online chat facility and customer service is excellent. We have interviewed the Mintos CEO and are impressed with his plans for the site. Our biggest concern remains the wide difference in quality among the lenders that appear on Mintos. There are several which we think are not sufficiently strong to be receiving funds from Mintos investors. Out Mintos lender ratings were designed to help investors choose the highest quality lenders on the platform. The Mintos secondary market is huge, liquid and works well. Overall, for any investors seeking to make their first investments into European P2P loans, Mintos would be our recommended place to begin. 

1% Bonus for New Mintos Investors

We think Mintos is one of the best investment sites currently available for P2P investors. We can help to boost your Mintos returns even further. If you visit Mintos using this link, and open an account, Mintos will credit your account with an additional 1% on all funds invested within 90 days of opening an account. It’s a great offer and is only available to new investors who register using this special link. Using the link will also help to support the work of Explore P2P.

Other sites to consider

EstateGuru logo

Estateguru focused on loans secured by real estate. Rates are generally 10-12% and the site has a very good lending record. Very good returns relative to risk.

PeerBerry logo

Peerberry offers loans from a few different lending groups. Rates are currently around 12%. The website is simple and functions very well.

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%)

Viventor logo

Viventor is a similar site to Mintos, just smaller. 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 the other sites we list here, but some investors will like October due to the countries it operates in.

DoFinance logo

DoFinance offer very simple, well structured products for investors. Some allow investors to sell their investments and recover funds at short notice. Rates are up to 11% currently.

Our legal page contains disclosures and the full terms and conditions of the use of the ExploreP2P site. 

1 thought on “Mintos review

  1. Teo Reply

    Hello. Thank you for your review.

    I think that the Unique Sales Propoition of Mintos is that they kind of made it to a size and profitability that make them more “stable” and “safe” that most of other p2p lending platforms.
    I personally invest in more than 10 platforms but I would trust most of them as some are very small, have no capital and have young teams.

    I recommend also Mintos mainly for risk/return performances.

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