BONDORA Review: Peer to Peer Lending

BONDORA is a Peer-to-Peer lending platform based in Estonia, and one of the largest platform in Europe. They processed more than 250 million worth of loans since they opened in 2009.

The portal is open for international investors.

Founded: 2009

Origin: Estonia

Buyback guarantee: No

Secondary Market: Yes

Autoinvest: Yes

Minimum investment: 1 EUR

Members
  • canythould43
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BONDORA Review: Peer to Peer Lending
  • canythould43
    Being a P2P lending platform, and the fact Bondora havent survived a major financial crisis, the risk is fairly high. Adding on top of that the no buy-back guarantee and you have a high risk somewhat high return asset.
    370 days ago
  • canythould43
    canythould43 added a new photo
    One of the features within Bondora is the tab called “Cashflow” which shows you the planned interest payments in a graph and table. This way you can monitor your planned and actual interest payments, giving you an idea of how much you make each month. It also lets you set a time interval, giving you insights into future earnings and principal repayments.
    • One of the features within Bondora is the tab called “Cashflow” which shows you the planned interest payments in a graph and table. This way you can monitor your planned and actual interest payments, giving you an idea of how much you make each month. It also lets you set a time interval, giving you insights into future earnings and principal repayments.
    370 days ago
  • canythould43
    canythould43 added a new photo
    Go & Grow is much like a high interest savings account, as you just deposit money into the account and Bondora invests the money in a portfolio which gives you a flat rate return of 6,75%. You can withdraw the money anytime you want (€1 withdrawal fee) which is very convenient, compared to the less liquid way of buying and selling loans.
    • Go & Grow is much like a high interest savings account, as you just deposit money into the account and Bondora invests the money in a portfolio which gives you a flat rate return of 6,75%. You can withdraw the money anytime you want (€1 withdrawal fee) which is very convenient, compared to the less liquid way of buying and selling loans.
    370 days ago
  • canythould43
    canythould43 added a new photo
    Portfolio Pro lets you set up a more customized investing profile, in regards to countries, ratings and loan durations. But still it is very straighforward, once you have selected your investing profile, you simply click “Start investing”.
    • Portfolio Pro lets you set up a more customized investing profile, in regards to countries, ratings and loan durations. But still it is very straighforward, once you have selected your investing profile, you simply click “Start investing”.
    370 days ago
  • canythould43
    canythould43 added a new photo
    With portfolio manager you set a desired risk tolerance on a sliding bar and tick off your bid sizes (loan sizes) under settings. Bondora then automatically invest your funds immediately.
    • With portfolio manager you set a desired risk tolerance on a sliding bar and tick off your bid sizes (loan sizes) under settings. Bondora then automatically invest your funds immediately.
    370 days ago
  • canythould43
    Once you have funds in your account, you get presented with three options. The options are Portfolio Manager, Portfolio Pro and Go & Grow, which determines the way you want to invest in P2P loans.
    370 days ago
  • canythould43
    Once you sign up for an account and have provided proof of identification, you simply add funds to your account and get started with investing in consumer loans.

    You can add funds in various ways:

    -Credit card
    -Transferwise
    -Direct bank transfer
    370 days ago
  • canythould43
    canythould43 added a new photo
    If you are looking for returns at above 9%, which is their current annual average and would like to try P2P crowdlending, Bondora is a good choice.
    • If you are looking for returns at above 9%, which is their current annual average and would like to try P2P crowdlending, Bondora is a good choice.
    370 days ago
  • canythould43
    They focus on unsecured consumer loans with principal amounts of €500 to €10.000 and repayment terms ranging from three to 60 months. In 2014 the UK Financial Conduct Authority (FCA) grants Bondora an interim license and in 2016 it gets licenced by the Estonian Financial Supervision Authority (FSA) as a credit provider.
    370 days ago
  • canythould43
    Bondora issue the loans themselves through their parent company Bondora AS, which retains a share of the risk in each loan. The platform basically distribute shares of loans to investors, giving the borrowers below market rate loans and providing the investor with a much needed higher rate of return on investment.
    370 days ago
  • canythould43
    canythould43 added a new photo
    Bondora was established in 2009 (post financial crisis) and has been one of the faster growing crowdlending platforms. With currently 288.000 customers (borrowers) and approaching 35.000 investors (lenders), it has issued over €123mio in loans.
    • Bondora was established in 2009 (post financial crisis) and has been one of the faster growing crowdlending platforms. With currently 288.000 customers (borrowers) and approaching 35.000 investors (lenders), it has issued over €123mio in loans.
    370 days ago
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