Mintos Marketplace Account Information

Mintos Marketplace Account Information

Updated May 1st 2019

 

Detailed Account Information & Screen Shots

 

First Investment (GBP) –   June 2018

Initial Investment (GBP)  – £5,500.00

Total Invested (GBP)        – £15,400.00

Total Return (GBP)           – £835.74

ROI% (GBP per lender)    – 9.67% 

XIRR (GBP)                       – 8.54%

 

First Investment (EUR) –   April 2019

Initial Investment (EUR)  – €10,000.00

Total Invested (EUR)        – €10,000.00

Total Return (EUR)           – €18.35

ROI% (EUR per lender)    – 12.12%% 

XIRR (EUR)                        – N/A (not enough data yet)

 

See My Full Mintos Review Here

 

My Mintos Marketplace Actual Account Growth & Income Charts (£ GBP) – Euro will follow as I get more data.

 

 

 

Each month I send out an update on all of my Peer to Peer lending accounts. Below are the excerpts specific to Mintos.    Click here for all lender updates

 

 

 

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) 

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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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