Emerging popularity and awareness of the p2p sector leads more investors to join. As a result, the demand is increasing and from time to time there are not enough loans available for all of us. What should we do in such a situation? Just relax, breathe and think before you move your funds across Europe. Only because some minor percentage of your funds remains uninvested for some days on your account it’s not the end of the world. First I will show you a simple calculation which should ease your fears, let’s assume you invest with Swaper and/or Robocash: Both platforms currently pay 14%, which means simplified even if 10 percent of your capital would remain on the account for the whole year, you would still yield 12.6 percent. When taking compound interest into account you will be over 13%. Keep in mind that a cash drag mostly is a temporary situation and not sustainable. In the case of robocash I am pretty confident, that the cash drag (which exists for some days) will dissapper once Russian loans will be added. To date it is not clear when this will be the case, but my guesstimation is that this will be imminent. Swaper as well is trying to increase the loan supply and the situation seems to get better from month to month, except for this September.
What if the cash drag remains for an extended period?
Of course then you should do something if the situation persists. There are (still) some lesser-known platforms where you can find interesting offers. I will shortly introduce some to you:
Lenndy with up to 15% and buyback
The loan volume at Lenndy is increasing from month to month and you get secured car loans from 12% (with a duration of 5 months) to 15% (duration of up to 5 years) and many in between for about 13 to 14%. Further there is invoice financing with short durations with yields of 12 to 13 percent (mostly without buyback) and you can invest in business loans with up to 13 percent. Check out if there is a buyback offered, they are marked with a shield sign.
Of course there are reasons why the platform is not as frequented as others: There is no auto invest feature at the moment. New loans are published by emails which is annoying as you get many emails daily. Further you need a paysera account for the time being, but in the next months SEPA should be introduced.
Grupeer offers short term loans with up to 15 percent and buyback
Some weeks ago Grupeer introduced a new product. Since then these type of loans were added several times each week on the platform.You need to get them manually as there is no autoinvest feature. But you should succeed as most of the time some loans are available. The loan volume will be increased on a weekly basis. Even if there are no 2 to 3 month loans with 15 percent yield there are some loans with a duration of up to 6 months and yields of 14 percent. Follow me to Grupeer.
DoFinance offers 14% with buyback and 1% Cashback for new investors
Read this article before you invest, as the functionality of DoFinance is a little bit special. If you decide to invest there, use this link to register to get 1% cashback on your deposits of the first 30 days. If you deposit 25k and more you will automatically get 14% yields, otherwise 12%. There are plenty of loans available.
Mintos offerst the biggest selection
At the moment there are not a lot of 30 day payday loans, but this changes quickly at Mintos. But you get to choose from the biggest variety of loan types. You should find something investible with durations below 2 years easily. If you take into account that a lot of loans are bought back early, the duration of your portfolio decreases automatically. Use this link to get 1 percent cashback on your investments of the first 3 months.