Esketit Review

Description

Esketit is the loan investment platform of the Creamfinance loan originator. Founded in December 2020, Esketit offer high rates for Creamfinance group loans. This includes short-term loans form Creamfinance owned loan originators Creditair (Czech Republic), Creditosi (Spain), Lendon.mx (México). Also there are two loan originators with ownership different from Creamfinance. Those are Loanme (Sri Lanka) and, especially strongly represenated on the platform, Money for Finance (Jordan). Both latter originators offer competitive rates up to 14%. With Creamfinance being part of the P2P lending industry since 2012, Esketit is a good opportunity for specialized investors to optimize their returns above the market average. However, the exposure to Jordan short-term loans should be considered higher risk.

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Rating

⭑⭑⭑⭑ ⭒

4.0

based on 5 ratings

Key Facts

Investment Structures	Marketplace (peer-to-business)
Originator Types	Loan Originators
Investing Into	Consumer Loans
HQ Country	Ireland

Investments

Interest Rates	12.00% – 14.00%
Number of Originators	5
Number of Countries	5
Currencies	EUR
Minimum Investment	10 EUR

Statistics

Average Net Return	13.41%
Total Loans Funded	14,470,000 EUR
Loans Outstanding	5,854,000 EUR
Loans Current	n/a
Loans Late	n/a
Loans 1 To 15 Days Late	n/a
Loans 16 To 30 Days Late	n/a
Loans 31 To 60 Days Late	n/a
Loans 60 Plus Days Late	n/a
Loans Defaulted (In Recovery)	n/a
Loans Defaulted (Recovered)	n/a
Loans Defaulted (Written Off)	n/a
Investors	869
Average Amount Per Investor	n/a
Principal Returned	n/a
Interest Earned	n/a
Late Fees Earned	n/a

Features

Auto-Invest	Available
You can create unlimited strategies for your auto-invest portfolios. Configurations include interest rate, buyback only, max portfolio limit, specific countries, remaining loan terms and further.
Manual-Invest	Available as: Primary Market, Secondary Market
Investments on both, primary and secondary markets are possible.
Secondary Market	Available
Instant Cash-Out	Not available

Risk & Security

Buyback Guarantee	Available as: Buyback Obligation, Group Guarantee
The platform states a 60 days buyback obligation to loan originators: "Suppose the interest payments or principal repayment are delayed for more than 60 calendar days. In that case, the Loan Originator is obliged to redeem your investment as well as to pay all accrued interest in accordance with the interest rate under the Assignment Agreement. Whether the BuyBack Obligation is applicable to a corresponding loan offer is specified in the description of the loan offer." For Creamfinance loan originators the platform states a group guarantee: "In case the Loan Originator cannot fulfill its BuyBack Obligation towards investors, the owner of the Loan Originator (the Group) steps in to fulfill the BuyBack Obligation."
Payment Guarantee	Not available

Rating System	Not available

Due Diligence	Not available

Skin in the Game	Available
Skin in the game for all loans is 5%.
Collaterals	n/a
Maximum Loan To Value (LTV)	n/a

Sign Up Bonus

Investors that have registered through affiliates have 1% cashback during the first 90 days.

Disclosure

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