I mentioned Bondster already sometimes on this blog and it has its reasons: 1) The platform is innovative and offers new products 2) Behind Bondster there are seasoned loan originators, which is very important to me 3) Regional diversification, as the marketplace operates out of Czech Republic. This means even if there is a new regulation in the Baltics concerning p2p investments, it does not matter. Just think about it, what happens if p2p is forbidden in the Baltics. Worst case, I know, but in my opionin this shows exactly why diversification is good sometimes.
13% loans of a Kazakh pawn shop: Tezlombard
Tezlombard offers a kind of pawn shop loans on Bondster. Most of the loans are backed by physical gold or jewellery, but the ltv is quite high. The loans are perpetual, theoretically can run for years and only serve interest. As an investor you get a cancellation window of 3 to 4 days per every 30 days, in which you can get out of the loan. Without any costs incurring, you just need to know when to do it. If you miss the opportunity, the next window will be there in 30 days latest. So not a real overnight money account like with Bondora, but for this you get the doubled yield. On the negative side you are less liquide and the risks are higher. As I already said the loans yield 13 percent and can get bought backed after 60 days in delay for not serving interest installements. In this case you get your capital plus all accrued interest.
Autoinvest got updated and enhanced
The autoinvest feature was enhanced with some more settings. I, for my part, run with the old settings. But a very cool feature added are the Diversification settings. Once activated these try to balance the investments with all selected loan originators. This is really helpful in my opinion. I am testing this feature currently, as I want to know what happens if there are no loans of one originator. Stays this share in cash? Hopefully, and for sure not. There are some questions popping up 😉
At the end / Cashback
Bondster really gets better and better. My delayed loans quota is in line with other marketplaces and is different depending on the originator. Of course my observation period is a bit too short to draw conclusions, but this is about to change. Curently I am really happy with the platform. It seems the marketplace is an insider’s tip, but also this is about to change, I am sure. Bondster can be easily compared with the Baltics peers.
New investors still get 1% Cashback for the first 3 months. If you want to participate in it, you need to put 4985 in to the promocode field at registration. Here you go to the registry. You will get the cashback directly credited on to your Bondster account on every fith of the month. But this happens only after you already are invested for at least 30 days. So the first credit might take a bit longer