Top 5 Best European Peer to Peer Lending Platforms in 2019

How to Invest Money

With this new model of financing gaining popularity by the day, a lot of people are now turning to this platform. With numerous benefits, this platform is a great way to earn and make money while borrowers can get lower interest rates than they would get if traditional banks were being used. You must know that European peer to peer lending sites are the ones that offer the highest returns. But why focus on Europe? Simple because the returns are far greater and better.

Here are 5 of the best European lending sites that serve as a platform for peer to peer lending:

1. Mintos:

By far the most famous peer to peer lending platform in Europe, Mintos has a great interface and is extremely user-friendly. It also has a solid secondary market and offers liquidity to investors.  You can also apply for a discount if you want to sell off your loans in a short period of time. You should know that the income earned at Mintos is taxed if the investor is a resident of the areas that’s are qualified.

Moreover, companies can also invest in Mintos. In 2017, Mintos experienced significant growth and investments in technology. Currently, Mintos has 3 offices employing 50 people in Riga, Warsaw and Mexico City. In 2018, Mintos introduced risk ratings for its audience. It boosted confidence for investors before they made an investment.

Understanding the Risks of Peer-To-Peer Lending

2. Envestio:

I really like this European peer-to-peer platform. They started in 2014 as a private investment fund and launched their first crowd investing project in December 2017.  Most projects have a term of 1 year or less and need 100 000 EUR or more. The interest rates are mostly between 15% and 20%. Projects are usually funded in just a couple of hours at the moment due to high popularity between investors, so it’s not a bad idea to have some money on the platform, ready to invest. Envestio has a form of buyback guarantee. Envestio doesn’t have a secondary market at the moment, but they do have plans for it in the near future.

3. Crowdestor:

Another great peer to peer platform, Crowdestor allows you to lend your money to businesses. Its well structure and organization are what makes it famous among users. This site is also available in multiple languages including German, Portuguese and Spanish. The minimum investment project is 100 EUR, and there is no secondary market. You can expect very high annual returns between 12% and 18%. This websites loan offerings are very well presented and each loan request is catered to immediately.

This shows that these platforms users trust this model, and the loan is granted very quickly. This platform also has a very friendly interface and has thousands of users on a daily basis. You can easily navigate your way through your investment and make greater returns in no time. You will also enjoy the inspiring stories of businesses that appear on the website and select one to invest on your own.

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4. Grupeer:

Grupeer is another great option for those who are looking to invest in peer to peer lending in Europe. They have different types of loans that also include property development plans which are very attractive to the most part of Grupeers audience.

Their website has a user-friendly interface and you can easily search through businesses and individuals you would like to invest in. This platform has development projects in Germany, Norway, and Belarus. Apart from this they also have various types of loans from different European countries that also include Latvia, Estonia, and Russia.

5. Fast Invest:

This platform is another excellent option if you want to begin peer to peer lending. The platform is based in the United Kingdom, with offices in many other European countries like Italy. They propose high-quality loans that come with a buyback guarantee, so it’s a really safe platform to invest in. They usually propose loans with quite high yields (above 14%), so it’s a great addition to your portfolio to raise your average return on investment. You can also completely automate your investments with Auto Invest tool. This is the fastest growing peer to peer platform, and people from all over the world can take advantage of its services.

The most complete guide to P2P investing in 2019

Here were the 5 best European peer to peer lending sites that cater to people from all over the world. Enjoy a healthy investment!

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