Mintos Marketplace Account Information

Mintos Marketplace Account Information

 

Excerpt From The Full February 2020 Monthly Update

 

Mintos (GBP Account) 

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Mintos GBP Account Screenshot 1 - Feb 2020 P2P Lending Update

 

I’m still having to withdraw GBP capital from Mintos because GBP MoGo car loans have gone away for good it appears. Unfortunately it looks like I’ll need to keep drawing it down without any more GBP loans available. 

XIRR decreased (as is expected) in February to 9.72% down just a tick from 9.73% in January. Sad to have to withdraw GBP from Mintos, but on the bright side I still have a good XIRR return on Mintos Euro loans and the loan flow is much better there.

Unfortunately Mintos are still saying that UK residents can no longer invest in Mintos loans for now. Hopefully that will be ratified soon.

 

Mintos Signup & Cashback Offers

If you are NOT a UK resident, Mintos have a wonderful cashback bonus, one of the best in fact. Mintos offer 0.50% of the value of your investments cashback for the first 90 days you are investing with them!

Use this link to signup & qualify for the Mintos cashback offer >>>

 

 

Mintos (Euro Account) 

See Full Review

Visit Website

 

Mintos EURO Account Screenshot 1 - Feb 2020 P2P Lending Update 

 

Once I had bought some more Euros in February, €10k of them went immediately to Mintos. As you can see from the screenshot of my auto-invest portfolios below, Mintos has started to get some of those nice 16%+ short term loans back in. Mostly though the Finko & Sun Finance loan originators. I didn’t need to touch my auto-invest settings to get them. It just automatically picked them up as they appear.

Mintos EURO Account Screenshot 2 - Feb 2020 P2P Lending Update

This portfolio above is obviously heavily skewed to Finko loans, and I’m ok with that. Finko is a highly rated originator, and all Finko loans are short term (30 days for most), so as the loans mature, I’ll be picking up more short term loans from wherever they are available. I’ve found with Mintos, it’s possible to have a lot of capital in a single loan originator at times. It moves around though depending on where the loans are coming from. I have my auto-invest setting set to only pick up loans from originators with good ratings though, so hopefully that should keep me relativity safe. I would definitely not be comfortable if I was picking up a huge percentage of loans from a C or D level originator. You can see which originators I invest with in my Mintos Review

I really like Mintos, and that’s why they are my largest overall lending account (GBP+Euros). As of today, they have facilitated lending out almost €5 billion Euros from 254,000 investors in 32 countries. And above all they are a profitable business. 

 

Mintos Signup & Cashback Offers

Mintos cashback bonus; 0.50% of the value of your investments cashback for the first 90 days you are investing with them (Not open to UK residents unfortunately).

Use this link to signup & qualify for the Mintos cashback offer >>>

 

Excerpt From The Full January 2020 Monthly Update

 

Mintos (GBP Account) 

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Mintos GBP Screenshot 1 - January 2020 Update

Mintos Income Chart

I’m still having to withdraw GBP capital from Mintos because GBP MoGo car loans have gone away for good it appears. Unfortunately it looks like I’ll need to keep drawing it down without any more GBP loans available. 

XIRR actually increased a bit again from 9.68% in December to 9.73% in January. Sad to have to withdraw GBP from Mintos, but on the bright side I still have a good XIRR return on Mintos Euro loans and the loan flow is much better there.

Unfortunately Mintos are still saying that UK residents can no longer invest in Mintos loans for now. Hopefully that will be ratified soon.

 

Mintos Signup & Cashback Offers

If you are NOT a UK resident, Mintos have a wonderful cashback bonus, one of the best in fact. Mintos offer 0.50% of the value of your investments cashback for the first 90 days you are investing with them!

Use this link to signup & qualify for the Mintos cashback offer >>>

 

 

 

Mintos (Euro Account) 

See Full Review

Visit Website

 

Mintos Euro Screenshot 1 - January 2020 Update Mintos Euro Screenshot 2 - January 2020 Update Mintos Euro Screenshot 3 - January 2020 Update

 

Mintos short term loans are starting to pick up a little bit with rates moving up to 12%-13%. The lower rates previously are reflected in the XIRR which decreased a little again from 13.10% in December to 12.95% in January. This is still more than the Mintos target rate of 12.32%, and who can complain at that? Hopefully things will pick up soon and we’ll start seeing some of those 16% – 30 day loans again as we did last year! I like those. If rates do start and rise, I have my Mintos auto-invest strategies set to pick up the higher paying loans first. You’ll notice if you click on the images above, there are screenshots of my auto-invest pages for anyone interested in how I pick up loans automatically.

I really like Mintos. As of today, they have facilitated lending out €4,690,000,000.00 (€4.69 billion) from 254,000 investors in 32 countries. And above all they are a profitable business. 

 

Mintos Signup & Cashback Offers

Mintos cashback bonus; 0.50% of the value of your investments cashback for the first 90 days you are investing with them (Not open to UK residents unfortunately).

Use this link to signup & qualify for the Mintos cashback offer >>>

Excerpt From The December 2019 Monthly Update

 

Mintos (GBP Account) 

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Mintos GBP Account Screenshot for December 2019 P2P Lending Update

 

I’m still having to withdraw capital from Mintos because GBP MoGo car loans have gone away for good it appears. Unfortunately it looks like I’ll need to keep drawing it down without any more GBP loans available. 

XIRR actually increased a bit again from 9.62% in November to 9.68% in December. Sad to have to withdraw GBP from Mintos, but on the bright side I still have an XIRR over 13% on Mintos Euro loans and the loan flow is much better there.

Unfortunately Mintos are still saying that UK residents can no longer invest in Mintos loans for now. Hopefully that will be ratified soon.

 

Mintos Signup & Cashback Offers

If you are NOT a UK resident, Mintos have a wonderful cashback bonus, one of the best in fact. Mintos offer 0.50% of the value of your investments cashback for the first 90 days you are investing with them!

 Click here for more info on this Mintos offer or to open an account >>>

 

 

Mintos (Euro Account) 

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Mintos EURO Account Screenshot for December 2019 P2P Lending Update

 

Mintos short term loans are still hovering around 10%-11% unfortunately so that’s all I’m picking up. The lower rates are reflected in the XIRR which decreased a little again from 13.78% in November to 13.10% in December. This is still more than the Mintos target rate of 12.79%, and who can complain at almost 13% actual returns? Hopefully things will pick up soon and we’ll start seeing some of those 16% – 30 day loans again! I like those 😀

I withdrew €10,000 Euros to pay for some alterations I’m having done to the house in Portugal as I mentioned earlier in the overview. Once I get some more Euros changed, I’ll be putting some back with Mintos for sure.

 

Mintos Signup & Cashback Offers

Mintos have a wonderful cashback bonus, one of the best in fact. 0.50% of the value of your investments cashback for the first 90 days you are investing with them!

Click here for more info on this Mintos offer or to open an account >>>

 

 

 

 

Excerpt from the Full November 2019 Monthly P2P Lending Update

 

November 2019 Monthly Update

 

Mintos (GBP Account) 

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I’m still having to withdraw capital from Mintos because GBP MoGo car loans have gone away for good it appears. Rather than sell out, I’ll just let the account draw down as it’s only at £12k now so by the end of January it should be at the £10k target anyway. Unfortunately it looks like I’ll need to keep drawing it down from there without any more GBP loans available. 

XIRR actually increased a bit again from 9.56% in October to 9.62% in November. Sad to have to withdraw GBP from Mintos, but on the bright side I still have an XIRR over 13% on Euro loans and the loan flow is much better there.

Unfortunately Mintos are still saying that UK residents can no longer invest in Mintos loans for now. Hopefully that will be ratified soon.

 

Mintos Signup & Cashback Offers

If you are NOT a UK resident, Mintos have a wonderful cashback bonus, one of the best in fact. Mintos offer 0.50% of the value of your investments cashback for the first 90 days you are investing with them!

 Click here for more info on this Mintos offer or to open an account >>>

Mintos GBP Account Screenshot for November 2019 P2P Lending Update

 

Visit The Mintos Website

 

 

Mintos (Euro Account) 

See Full Review

Visit Website

 

Mintos short term loans are still hovering around 10%-11% unfortunately so that’s all I’m picking up.

This is reflected in the XIRR which decreased a little again from 14.15 in October to 13.78% in November. This is still more than the Mintos target rate of 12.79%, and who can complain at almost 14% actual returns? Hopefully things will pick up soon and we’ll start seeing some of those 16% – 30 day loans again! I like those 😀

I will need to draw down my Mintos Euro lending account to comply with my diversification rules. I’ll start doing that soon as I actually need some Euros to pay for some alterations I’m having done to the house in Portugal so the timing is good here.

 

Mintos Signup & Cashback Offers

Mintos have a wonderful cashback bonus, one of the best in fact. 1% of the value of your investments cashback for the first 90 days you are investing with them!

Click here for more info on this Mintos offer or to open an account >>>

Mintos Euro Account Screenshot for November 2019 P2P Lending Update

 

Visit The Mintos Website

 

October 2019 Monthly Update

 

Mintos (GBP Account) 

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See All Account Data & Screenshots From My Mintos Account

Mintos Income Chart

Mintos GBP MoGo car loans have gone away for good it appears, so I just keep drawing GBP capital out of Mintos as it gets repaid or the buyback guarantees kick in. It’s a shame really but it is what it is. 

XIRR actually increased a bit from 9.51% in September to 9.56% in October. Unfortunately it looks like it will only last until the current loans are paid back though 🙁 

Unfortunately Mintos are still saying that UK residents can no longer invest in Mintos loans for now. Hopefully that will be ratified soon, although if there are no GBP loans, what’s the point? 

 

Mintos Signup & Cashback Offers

If you are NOT a UK resident, Mintos have a wonderful cashback bonus, one of the best in fact. Mintos offer 0.50% of the value of your investments cashback for the first 90 days you are investing with them!

 Click here for more info on this Mintos offer or to open an account >>>

 

Mintos GBP Account Screenshot 1 - October 2019 Update

 

 

Mintos (Euro Account) 

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Mintos have continued to see a drop in the number Euro loans available in October. Although towards the end of the month they started to pick up a bit, there really are only 10%-11% loans available in Euros at the moment.

I once again dropped my auto-invest settings to pick up 10% – 30 day loans and I’m not seeing any cash drag, but my lender-expected returns are dropping. Currently at 12.79%. XIRR also decreased a little again from 14.53% in September to 14.15 in October. This is still more than the Mintos target rate, but down quite a bit from a couple of months ago. Hopefully things will pick up soon and we’ll start seeing some of those 16% – 30 day loans again!

 

Mintos Signup & Cashback Offers

Mintos have a wonderful cashback bonus, one of the best in fact. 1% of the value of your investments cashback for the first 90 days you are investing with them!

Click here for more info on this Mintos offer or to open an account >>>

 

Mintos EURO Account Screenshot 1 - October 2019 Update

 

September 2019 Monthly Update

 

Mintos (GBP Account) 

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Mintos GBP MoGo car loans appear to have dried up in September, so I had to withdraw some capital to keep from having cash drag. I withdrew £500. If there are no new loans in October it looks like I’ll need to move more capital as it is repaid over the month.

The lower investment number was reflected just a little as XIRR dipped just one blip from 9.52% in August to 9.51% in September. 

Unfortunately Mintos are still saying that UK residents can no longer invest in Mintos loans for now. Hopefully that will be ratified soon. 

 

Mintos Signup & Cashback Offers

If you are NOT a UK resident, Mintos have a wonderful cashback bonus, one of the best in fact. Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them!

 Click here for more info on this Mintos offer or to open an account >>>

Mintos GBP Account Screenshot - August 2019 Peer to Peer Lending Update 1

 

Mintos (Euro Account) 

See Full Review

Mintos have seen quite a drop in the number Euro loans available in September. Demand dropped off quite a bit as it did with many other lenders the last couple of months because of summer. I think people are spending money on holidays in the summer months rather than setting up loans and borrowing more. That will likely come after the holidays when they’ve spent all of their spare cash 🙂

The result of this was a drop in interest rates in September because the supply (of investment money) is outweighing loan demand. Gone are the 16% short term loans, so now I’ve set my auto-invest settings to pick up 10% short term loans. If anyone is interested in how I usually have my auto-invest settings with Mintos, I did a more in-depth description in the July update. I’m not buying any longer term loans at the moment as this also happened last year with Mintos. The high-paying loans came back a couple of months later, so I want to make sure I have capital freeing up in the short term to get any higher rate loans as they arrive.  

Because of the loan availability issues, Mintos XIRR decreased a little from 15.55% in August to 14.53% in September. This is still more than the Mintos target rate which also decreased a little but is still at 13.10%. 

 

Mintos Signup & Cashback Offers

Mintos have a wonderful cashback bonus, one of the best in fact. Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them!

Click here for more info on this Mintos offer or to open an account >>>

Mintos EURO Account Screenshot - August 2019 Peer to Peer Lending Update 1

 

 

August 2019 Monthly Update

 

MINTOS (GBP Account) 

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See Screenshots & Detailed Monthly Updates From My Mintos Account

Mintos GBP Account Screenshot for Peer to Peer Lending Update - August 2019 1

 

Luckily this month I didn’t need to move any GBP’s out of Mintos as the it appears MoGo car loans are coming up more on the secondary market so my auto-invest rules are picking them up from there and keeping me invested. The Mintos supplied target rate rose just 1 pip from 9.70% to 9.71% and XIRR rose from 9.09% in July to 9.52% in August. No complaints here about that 🙂

Unfortunately Mintos are saying that UK residents can no longer invest in Mintos loans for now. Hopefully that will be ratified soon. As far as I understand it, Mintos are still talking with the FCA to supply loans to UK residents.

So if you’re a UK resident, hold your horses for a few weeks and hopefully Mintos will be available to UK residents. 

If you are NOT a UK resident, Mintos have a wonderful cashback bonus, one of the best in fact. Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them!

 Click here for more info on this excellent offer! 

 

 

MINTOS (EURO Account) 

See Full Review

See Screenshots & Detailed Monthly Updates From My Mintos Account

Mintos EURO Account Screenshot for Peer to Peer Lending Update - August 2019 1.1

 

I’m not going to waffle on about how much I love Mintos this month as I know it’s irritating many potential new UK Mintos investors who can’t open an account right now.

My Mintos euro lending target rate rose to 13.26% in August from 13.24% in July. XIRR jumped this month as well to 15.55% from 14.47% last month. This is still more than the Mintos target. I think this is because Mintos is not taking into account that most of the short term loans are with the loan originator Varks who actually pay interest on delayed loans until they hit the buyback guarantee. Either way I’m not complaining about that.

 

If anyone is interested in how I have my auto-invest setting with Mintos, I did a more in-depth description in last months update.

 

Remember, if you are new to Mintos, they have a wonderful cashback bonus, one of the best in the business in fact.

Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them! Click here for more info on this fabulous offer

 

 

 

 

 

July 2019 Monthly Update

 

MINTOS (GBP Account) 

See Full Review

Mintos GBP Account Screenshot for Peer to Peer Lending July 2019 Update 1

 

Mintos GBP MoGo car loans have dried up in the marketplace for now unfortunately, so I decided to withdraw some capital in July (£1000) as I’m just getting cash drag now which is not making any return. I’m thinking we probably won’t see any more GBP loans now until Mintos get the approval from the FCA to offer loans to UK residents. Then there will likely be a lot of loans. I hope they are still able to offer the higher returns.

 

I currently have my auto-invest settings as below for GBP:

 

Mintos GBP Account Screenshot for Peer to Peer Lending July 2019 Update 3

 

But unfortunately, this is all it netted me in July, and these loans were from the secondary market. Not enough to keep all £16k invested, so some of it had to be moved. I had £1000 sat doing nothing so I withdrew it and invested it elsewhere. I will continue to withdraw if no more loans show up. Especially as I just invested another €10k euros into Mintos taking that side to €20k.

Mintos GBP Account Screenshot for Peer to Peer Lending July 2019 Update 2

Unfortunately Mintos are saying that UK residents can no longer invest in Mintos loans for now. The good news is that this is because Mintos are setting up a UK loans division which will no doubt be regulated by the FCA and have lots more GBP options!

So if you’re a UK resident, hold your horses for a few weeks and hopefully Mintos will be available as a UK based, FCA regulated investment. When this happens, Mintos are going to absolutely kill it if they offer the same rates they offer now along with “Buyback Guarantees” as they offer on most of their current loans.

 

If you are NOT a UK resident, Mintos have a wonderful cashback bonus, one of the best in fact. Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them!

 Click here for more info on this very good offer! 

 

 

MINTOS (EURO Account) 

See Full Review

See Screenshots & Detailed Monthly Updates From My Mintos Account

Mintos EURO Account Screenshot for Peer to Peer Lending July 2019 Update 1

 

As regular readers of my blog know, I just love Mintos. To put my money where my mouth is, I sent another €10k over to them making them my largest lending account (if you include the GBP loans I also have with them).

My Mintos euro lending target rate rose from 13.22% to 13.24% in July. XIRR is still showing 14.47% which is down a touch from last month but is still more than the Mintos target. I think this is because Mintos is not taking into account that most of the short term loans are with the loan originator Varks who actually pay interest on delayed loans until they hit the buyback guarantee. Either way I’m not complaining about that.

For anyone interested, this is how I have my auto-invest set to catch the different loans as they are added. As you can see the highest I caught was 15% loans in July. If those 17% short term loans come back in August, I’ll hopefully catch some of those as they are from Varks so the risk is no more than the 13% loans with the same company as they all have buyback guarantees.

 

Mintos EURO Account Screenshot for Peer to Peer Lending July 2019 Update 3

For the lenders I have set as “Top Lenders”. I look for Mintos ratings of B or above, and then I research the originators through some other sites which help me make a decision on the ones I am comfortable using. They actually do change from month-to-month based on their ratings.

Mintos EURO Account Screenshot for Peer to Peer Lending July 2019 Update 4

 

 

Here are some of the loans my auto-invest picked up this month:

Mintos EURO Account Screenshot for Peer to Peer Lending July 2019 Update 2

 

Remember, if you are new to Mintos, they have a wonderful cashback bonus, one of the best in the business in fact.

Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them! That means on the 30 day loans above, you could be earning 15.5% for the first 3 months at least. Click here for more info on this fabulous offer

 

 

 

 

 

June 2019 Monthly Update

 

 

MINTOS (GBP Account) 

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Mintos Marketplace GBP Account Screenshot for June 2019 Peer to Peer Lending Update 1

 

Mintos GBP MoGo car loans have slowed down a bit, which means there could be some potential cash drag. So far though I have been able to pick up loans on the secondary market through an auto-invest bot that I have set to pick up loans with 0% premium. 

Mintos Marketplace GBP Account Screenshot for June 2019 Peer to Peer Lending Update 2

Mintos is still my highest earning GBP account by XIRR (apart from Ablrate which is still new and does not have significant capital invested yet), which rose once again this month from 8.82% in May to 8.96% in June. Based on this, I believe there is still a good chance we will hit the Mintos target rate of 9.68% (which itself rose again from 9.67% in May), probably around August or September.

Unfortunately I received an email from Mintos saying that UK residents can no longer invest in Mintos loans for now. The good news is that this is because Mintos are setting up a UK loans division which will no doubt be regulated by the FCA and have lots more GBP options!

So if you’re a UK resident, hold your horses for a few weeks and hopefully Mintos will be available as a UK based, FCA regulated investment. When this happens, Mintos are going to absolutely kill it if they offer the same rates they offer now along with “Buyback Guarantees” as they offer on most of their current loans.

 

If you are NOT a UK resident right now, Mintos have a wonderful cashback bonus, one of the best in fact. Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them!

 Click here for more info on this very good offer! 

 

 

MINTOS (EURO Account) 

See Full Review

Mintos Marketplace EURO Account Screenshot for June 2019 Peer to Peer Lending Update 1.1

 

Mintos is just a beast of a platform, and with the number of loans they have, it seems like a small country could get capital invested into loans if they wanted. I often see almost 500k loans available just in the primary market, another 400k+ in the secondary.

My Mintos euro lending target rate rose from 12.93% in May to 13.22% in June. The interesting thing here though is that XIRR is showing 14.81% which is more than the Mintos target. I have no idea why that is, unless Mintos is not taking into account that most of the short term loans are with the loan originator Varks who actually pay interest on delayed loans until they hit the buyback guarantee. Either way I’m not complaining about that. 

I’ve seen some 17% Varks loans on Mintos in June, plus MoGo have actually started throwing 16% secured car loans in there. Once I get some more euros changed, there will be a significant upgrade to my Mintos euro account. If you’ve read any of my previous Peer to Peer lending updates you’ll know that I have a huge crush on Mintos  🙂 

 

 

 

 

May 2019 Monthly Update

 

MINTOS (GBP Account) 

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Mintos Marketplace GBP Account Screenshot for May 2019 Update 1

 

Mintos keeps adding more MoGo car loans each month, which I’m very happy about. It means no more cash drag and great returns!

Mintos is still my highest earning GBP account by XIRR which rose once again this month from 8.54% in April to 8.82% in May. Based on this, I believe there is still a good chance we will hit the Mintos target rate of 9.67%, probably around August or September.

I really like Mintos, and the more time I spend with them, the better I like them. Even though I started also lending Euros with Mintos in April, which already puts them as one of my largest lenders. My intention is to deposit more capital with them in the coming months.

I have become very comfortable with Mintos. I think one of the only things that keeps a lot of people from investing with Mintos is the lack of FCA regulation. In my opinion however (and based on the recent Lendy situation), there is something to be said for a huge company having lent over €2.4 billion, and who are profitable as far as safety and regulation are concerned.

Honestly, I would really feel like I was missing out if I didn’t have some capital in Mintos.

As you can see below, there are still GBP car loans available, although only 100 as of May 31st, however they keep adding them daily. 100 loans with buyback guarantees and skin-in-the-game are still enough to get a good bit of capital diversified into in my opinion. Remember though, these loans are just what’s left, there were a lot more earlier in the week.

 

Mintos Marketplace GBP Account Screenshot for May 2019 Update 2

 

 

Mintos are another lender who have a wonderful cashback bonus, one of the best in fact.

Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them! Click here for more info on this very good offer

 

NOTE: I did hear some mumblings about Minots not taking on new UK investors currently, but that seems to change daily so if you want to invest with Mintos and you live in the UK, at least give it a try. I haven’t heard of any investors that I’ve referred from my site being refused, so try using my link above.

 

 

MINTOS (EURO Account) 

See Full Review

Mintos Marketplace EURO Account Screenshot for May 2019 Update 1

 

Oh Mintos, how I love thee 😀  You’ll note that out of the €202.36 earned for May, Mintos was responsible for €110.95 of it (of course my investment is double the other euro lenders).  Net annual targeted returns keep rising at 12.93% (I’ll have some XIRR calculations for you next month, just need a bit more data). 

Solid returns with plenty of loans available, with buyback guarantees, skin-in-the-game and best of all, Varks (the loan originator for most of the short term loans I’m investing in) pays interest even on late or defaulted loans. If you want more information about my investment strategies and settings with my Mintos accounts, I recently updated my Mintos Review with all of that information.  

 

Currently we are seeing a lot of 30 day loans coming in from Varks at 14.5% interest. Over 15k loans makes it easy for any size investor to get diversified. And that’s just the 14.5% loans!

 

Mintos Marketplace EURO Account Screenshot for May 2019 Update 2

 

I have my auto-invest strategies set up to catch these first, before the 13% loans. Again, you can read more about how this all works in my updated Mintos Review.

Mintos Marketplace EURO Strategy Screenshot 1.1

Remember, if you are new to Mintos, they have a wonderful cashback bonus, one of the best in the business in fact.

Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them! That means on the 30 day loans above, you could be earning 15.5% for the first 3 months at least. Click here for more info on this fabulous offer

 

 

 

 

April 2019 Monthly Update

 

MINTOS (GBP Account) 

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Mintos (GBP) Account Screenshot for April 2019 Update 1

 

 

Mintos are still (by far) my best account as far as XIRR income percentage is concerned. Going from 8.4% actual income in March, to 8.54% in April. If you remember in last months update post, and in February’s post I had to withdraw some money from Mintos because there were no more GBP car loans coming into the market.

That all changed a few days in to April when a stream of GBP loans became available. This is great news as it means my GBP funds in Mintos keep invested and earning the wonderful returns. As a side note, I started investing in Mintos with euros in April (see further down the review). I’m getting 13% to 14%, 30 day loans with buyback guarantees. Read in the Euro Lenders section further down the post for more info. 

As an FYI, there have been even more GBP car loans added toward the end of April so if you’re looking at throwing some GBP’s over to Mintos, now is a good time.

The more I invest in Mintos, the more I like them. Many UK investors are afraid of Mintos because they are not regulated by the FCA. They have lent over €2 billion to date, and they are also a profitable company. There is something to be said for safety in those kind of numbers. If I didn’t have some capital in Mintos, I would feel like I was missing out on one of the best investment opportunities around 🙂 

 

These are the GBP car loans available as of April 30th (269) paying between 9% and 10% with buyback guarantees.

Mintos (GBP) Account Screenshot for April 2019 Update 2

 

Mintos are another lender who have a wonderful cashback bonus, one of the best in fact. Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them! Click here for more info on this very good offer

 

 

MINTOS (EURO Account) 

See Full Review

Mintos (euro) Account Screenshot for April 2019 Update 1

 

 

One of my favorite GPB lenders is also one of my favorite euro lenders. Mintos is just a huge lender, the largest in Continental Europe in fact. With my Mintos euros, I decided to set up an auto-invest portfolio for short term (30 day) loans with 14% interest or higher. With my quite stringent auto-invest settings, there are currently over 7,000 loans of this type available that meet my criteria. Crazy numbers compared to the GBP car loans! And I’m only tying my capital up for 30 days at a time.

The originator Varks are the main company who provide these short term loans. They get a B rating on Mintos loan originator chart, so in my eyes, they are relativity stable. The best thing about Varks is they still pay interest on delayed loans. So if a loan goes delayed and will likely go in to default (which means that Varks will end up buying it back). Varks pay interest on the loan even when the borrower is not paying until they buy the loan back! How great is that?

Mintos (euro) Account Screenshot for April 2019 Update 3  Mintos (euro) Account Screenshot for April 2019 Update 2.2 Mintos (euro) Account Screenshot for April 2019 Update 2

 

 

 

Just to show you the opportunity on Mintos in euro based loans, here is a screenshot of all available loans in euros as of April 30 2019.

Almost half a million loans available. I have no idea what that equates to in actual cash value, but I’m betting there’s not much cash drag 🙂

Mintos (euro) Account Screenshot for April 2019 Update 4

Remember, if you are new to Mintos, they have a wonderful cashback bonus, one of the best in fact. Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them! That means on the 30 day loans above, you could be earning 15% for the first 3 months at least. Click here for more info on this fabulous offer

 

 

 

 

 

March 2019 Monthly Update

MINTOS

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Mintos Account Screenshot for March 2019 Update

*** Just a quick update  – Mintos just added about 200 GBP MoGo car loans as of 8/04/19 so if you’re looking to invest GBP in Mintos, now is a great time! – Click Here! ***

 

Once again I had to move some capital out of Mintos this month. “Boooo” I hear you say! And I agree! The XIRR for Mintos jumped from 7.95% last month to 8.40% this month which still puts Mintos out there as my top lender by return percentage. Unfortunately it doesn’t look like they are going to be having any more GBP car loans any time soon. I read that the UK FCA refused to give Mintos a license to trade in the UK a while back so I can’t see why they would offer any further loans in GBP. I hope I’m wrong but as the old adage goes “hope for the best and plan for the worst”. I’ll hopefully have some euros to invest in the coming months and you can bet a lot of them will go to Mintos 🙂

 

Mintos are another lender who have a wonderful cashback bonus, one of the best in fact. Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them! Click here for more info on this fabulous offer

 

As I wrote last month, I’m still watching the euro against the GBP and the USD for the opportunity to exchange some and make some euro based P2P investments. It’s still slowly coming down and I expect it to be 1:1 to the USD in the coming months, maybe a year maximum. If I’m right, then it’s worth waiting for as that’s about the same percentage drop as I could potentially make with euro P2P lending. If I’m wrong of course then I’ll lose out. Investing in anything is risk, even in currency fluctuations, so I’ll see if the wait was worth it!

 

 

 

 

February 2019 Monthly Update

 

MINTOS

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Mintos Account Screenshot for Feb 2019 Update

 

Unfortunately I had to move some capital out of Mintos this month because there were no more GBP loans available. I say “unfortunately” because Mintos is my top lender for actual XIRR returns at 7.95% and I really like Mintos. You can read about why I love Mintos so much in my Mintos Review. As mentioned in last months update, I am going to invest some euros in Mintos, but I’m waiting for the exchange rate to become a little better. I think after Brexit the pound will rise against the euro and also I think the euro will fall against the US dollar as it broke key support last week.

Mintos are another lender who have a wonderful cashback bonus, one of the best in fact. Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them! Click here for more info on this fabulous offer! 

 

 

 

 

January 2019 Monthly Update

 

MINTOS

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One of my favorite platforms, Mintos, is still the leader of the income and XIRR pack with an actual Peer to Peer XIRR of 7.51% which is really great. If you remember last month I decided to increase my investment significantly because Mintos had an influx of MoGo car loans in GBP. Well, unfortunately this month they seem to have dried up 🙁 I did get most of my capital into the loans last month though, which shows in January with the increased Mintos income.

Hopefully we’ll see some more MoGo car loans come through in GBP in February. If not, I’ll be seeing some cash drag as when the MoGo buybacks kick in on loans that are overdue, and the money is paid back into my account. If there are no loans for the money to go into, then it will just sit there not earning interest.

I am seriously considering investing in Euros with Mintos as they have over 150,000 loans available at any one time, meaning zero cash drag. I’ve just been putting off changing money to Euros as I really believe the Euro will crash against other currencies in the near future. I also believe the GBP will rise substantially shortly after Brexit. 

You can read about why I love Mintos so much in my Mintos Review.

Mintos are another lender to have a wonderful cashback bonus, one of the best in fact. Mintos offer 1% of the value of your investments cashback for the first 90 days you are investing with them! Click here for more info on this fabulous offer! 

 

Mintos Screenshot for Jan 19 Update 1.

 

 

 

 

December 2018 Update

 

Mintos Marketplace

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Mintos Account Screenshot for Dec 2018 Update 1

In December I decided to increase my investment in Mintos substantially, mostly with capital from the Zopa exit. Mintos is a very well established, profitable company. I like the way they work, and I like the 9%+ income they are offering on GBP secured loans right now (secured car loans from originator MoGo). Along with their buyback guarantee and the originators “Skin in the Game”, it just makes a lot of sense. Is it perfectly safe? No, not at all, however this is investment capital and I can go with 2% from Zopa with unsecured loans and no provision fund, or Mintos with their safety provisions and secured loans. What would you do?

Added to that, there was an influx of GBP car loans in December which I just could not ignore. As of this writing, there are 421 loans available in GBP. I have less than 0.25% of my investment in any one loan which is great diversification!

 

Mintos Account Screenshot for Dec 2018 Update 2

 

 

 

 

November 2018 Update

 

Mintos

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Mintos Growth Chart for Nov 2018 Update

Mintos Account Screenshot for Nov 2018 Update 2  

 

Top Lender

Mintos holds the top spot for target returns (9.64%) and for actual XIRR (6.51%). I was actually getting kind of frustrated at Mintos as I had a bunch of cash (about £1,300) that had been repaid or from bought back loans which was sitting in the holding account making no return. This was because there were no new car loans available in GBP. Thousands available in Euros but not in GBP. Just when I decided to consider withdrawing the un-invested money and putting it elsewhere, a new stream of loans came in. As you can see, there are many new loans to chose from now (177 as of today). So I was able to get invested with everything. 

I just wanted to show you something with Mintos. I do have a few Euros that I don’t report here because it is so small with Mintos. However, just to see the difference between GBP and Euro returns, here is my account screenshot. As you can see, much better in Euros. I may at some point change some money from GBP or USD in to Euros to take advantage of some of the rates available with Euro lenders. Not right now though as I think the Euro is going to crash hard next year so I think I’ll be able to buy them much cheaper.

Mintos Euro Account Screenshot for Nov 2018 Update

 

 

 

 

October 2018 Monthly Update

 

Mintos

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Mintos Oct Update Account Screenshot 1

 

There has started to be some cash drag with Mintos due to lack of loan availability in GBP. When loans are repaid, or they go over 60 days in arrears, and the Mintos originator buys them back (in my case Mogo), the cash goes back in to my lender account and sits there. It’s a little frustrating when they have 140,000 loans available in Euros, however I guess I shouldn’t complain. The fact that a Latvian lender has loans available in GBP at all is quite amazing if you ask me.

Mintos Oct Update Account Screenshot 2

You can see above that there are quite a few loans going in to the 31-60 day late range. Once they get over 60 days late, MoGo will buy them back and the money will be deposited back in to my lender account and wait there until there are loans available to buy again.

Mintos Oct Update Account Screenshot 3

Here you can see this is the only GPB loan available for sale as of October 31st. This loan is a business loan with no buyback guarantee, so I’m not really interested in it. I’m amazed that anyone buys these unsecured business loans with no provision fund, or buyback guarantee. 10% return for that kind of risk is just not worth it to me.

 

 

 

 

September 2018 Monthly Update

 

Mintos

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Mintos Account Screenshot 1 Oct 2018

The Mintos account screen shows all of the investments I’m in, as well as investments which are late. I don’t worry too much about the late loans with Mintos as the originator my loans are with (MoGO) offers a buyback guarantee, so when loans go to 60 days late they buyback the loan and credit your account.

 

Mintos Account Screenshot 2 Oct 2018

If you click on any of the links under “My Investments” you can see the loans that you’re invested in, along with a summary of the information on each loan.

Click Here to See Mintos Current Cashback Offers

 

 

<<< Return to Full Review

 

 

Prior to September 2018, no screenshots were published, however you can still see the full updates below:

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