Neo Finance Review: Peer to Peer Lending

The vast majority of us will want to activate the Automatic Investment function because with it we will obtain a great diversification in loans that meet our criteria.

It is very important to keep in mind that you can activate an Auto-Invest for the primary market, but also an Auto-Invest for the secondary market -configured, for example, to capture loans that are sold with a% discount greater than 20% -.

We can invest in any loan of the platform from just 10 euros per operation ... Which seems more than reasonable given the abundant offer that there is usually in Neo Finance and the need to diversify as soon as possible in at least 50 different operations (loans) to minimize the risk.

Our advice is that unless you manage considerable amounts of capital, you invest 10 euros per loan and seek to diversify your portfolio as much as possible.

Neo Finance has virtually no commission for the investor ... neither for account opening, nor for portfolio management, nor for contribution of funds. It only has a very small fixed cost of 0.29 euros for each withdrawal of funds from the platform to our bank account.

Neo Finance is one of the European crowdlending platforms that is growing faster in recent times: it already has more than 5,000 satisfied investors enjoying average returns in the environment of 17% and the growth trend remains frankly positive.

Until early 2018, NeoFinance was mostly a fairly local phenomenon, focused on the lenders and borrowers of their home country, Lithuania, where this platform was known as Paskolu klubas

Its approach is simple: it offers us a market in which to participate in consumer loans issued in Lithuania - one of the European countries with the best profitability / risk binomial in this regard - in a model similar to that of other consolidated platforms such as Bondora in Estonia, but with one caveat: it offers for its loans the possibility of contracting a Guarantee Fund that would cover possible loan defaults.

Neo Finance - formerly known as Paskolų klubas - is a P2P loan platform based in Lithuania that has been operating since 2016 and has recently launched an ambitious internationalization campaign that is leading it to be one of the European crowdlending platforms with the greatest projection in the short term.