Lendermarket Review

Description

Lendermarket is a rather small, but fine platform to invest in consumer loans all over Europe. It is the direct investment platform of loans from the Creditstar group. Creditstar is known as one of the top lenders on the mintos marketplace. Due to this popularity, Lendermarket has grown since its launch in May 2019 to attract around 10.000 investors, having funded around 278 million Euro of loans. With 12-15% of interest, Lendermarket pays attractive returns to the investors. In May 2022, Lendermarket announced a partnership with credory.ee in order to offer also investments into real estate backed loans. Update July 2022: be aware that Creditstar loans on mintos are undergoing a restructuring because of increased pending payments. Potential repercussions should be studied carefully.

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Rating

⭑⭑⭑⭑
3.8
based on 2 ratings

Key Facts

Investment Structures Direct (peer-to-peer)
Originator Types Peers
Investing Into Consumer Loans
HQ Country country image Ireland

Investments

Interest Rates 12.00% – 15.00%
Number of Originators 2
Number of Countries 7
Currencies EUR
Minimum Investment 10 EUR

Statistics

Average Net Return 15.15%
Total Loans Funded 278,911,418 EUR
Loans Outstanding n/a
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 9,875
Average Amount Per Investor n/a
Principal Returned n/a
Interest Earned n/a
Late Fees Earned n/a

Features

Auto-Invest
Available as: Auto-Invest, Re-Invest
Manual-Invest
Available
Secondary Market
Not available
Instant Cash-Out
Not available

Risk & Security

Buyback Guarantee
Available as: Buyback Guarantee, Group Buyback Guarantee

According to Lendermarket: "Buyback Guarantee is a risk protection measure to make investing safe. It is a guarantee from the loan originator to the investor for a particular loan to automatically repay the investment and accrued interest when the loan is overdue for 60 days. Buyback Guarantees secure all loans at Lendermarket. Group Buyback Guarantee ensures an additional level of protection. It is a corporate guarantee by Creditstar Group, the parent company of the loan originators, which means that in case of insolvency of a loan originator, Creditstar Group will cover all the liabilities of this loan originator that arise from the Buyback obligations."

Payment Guarantee
Not available
Rating System
Not available
Due Diligence
Available

Due Diligence is carried out through Creditstar group.

Skin in the Game
Available

Creditstar loan originators usually have 5% of skin in the game.

Collaterals n/a
Maximum Loan To Value (LTV) n/a

Sign Up Bonus

The investor receives a bonus of 1% of the Net Deposited Funds during the first 60 days after the investor is successfully validated. The investor will receive this amount within 5 business days, after the 60 days period.

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