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 16.000 investors, having funded around 437 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	Ireland

Investments

Interest Rates	12.00% – 15.00%
Number of Originators	3
Number of Countries	8
Currencies	EUR
Minimum Investment	10 EUR

Statistics

Average Net Return	15.73%
Total Loans Funded	437,646,321 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	16,743
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.

Disclosure

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Legal Notice

This is not an offer to invest. Investing in financial instruments involves risk. No investment is guaranteed, and there is always a risk of partial or full loss of invested funds. This information is not investment advice or a recommendation. All investment decisions shall be made by you independently, taking into account all your personal circumstances. BeyondP2P earns commissions from platforms when you sign up through our affiliate links. This can influence how prominently platforms are displayed, but we strive not to let it influence us on how we write about them.