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.
Members
Recent Group Photos
-
P2P lending service Bondora* has announced that in future it will focus completely on its hands-off investing product Go&Grow. From February 27th, the products called Portfolio Pro and Portfolio Manager will be discontinued. These allowed investors to select into which individual loans they wanted to invest.
Bondora originally started and grew big with investment into individual loans and only 2018 introduced the simplified Go&Grow product which soon became very popular. Over the years Go&Grow became more and more important for Bondora as investors seemed to prefer the easy to understand product with a fixed interest rate. -
canythould43 posted a new linkMost Loan Originations and Investments of 2022, a Portfolio Sale, & More! - Bondora Blog https://www.bondora.com The last month of 2022 ended with a bang! We also finalized a defaulted portfolio sale. Take a look at some of the exciting results:
-
canythould43 added a new video2022 Bondora Highlights Hello again, Viewers. 2022 is coming to an end. So, we wanted to reflect on the year’s biggest highlights and share them with you. Let’s get started! ...
00:00
-
canythould43 posted a new linkBondora Reports Slower Investment And Origination Stats For November 2022 | Crowdfund Insider https://www.crowdfundinsider.com As the colder weather settled in, European investment platform Bondora reports that originations and investment figures are also "cooling."
-
Creative accounting, paid reviews, high affiliate commissions, bad portfolio quality, takes fee from recovered debt.
-
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.
-
canythould43 added a new photoOne 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.
-
-
canythould43 added a new photoGo & 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.
-
-
-
canythould43 added a new photoPortfolio 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”.
-
-
canythould43 added a new photoWith 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.
-
-
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.
-
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 -
canythould43 added a new photoIf 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.
-
-
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.
-
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.
-
canythould43 added a new photoBondora 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.
-
