Mintos Review 2019 – Results After 3 Months

Apr 16, 2019 | Reviews

This is my unbiased Mintos review after 3 months of investing on the platform. Let’s see what returns I got and if the platform right for you!


Mintos Promo Code: Get +1% Bonus To Your Investments!

Claim deal here


What is Mintos?


Mintos is a Latvian peer to peer (P2P) platform that connects alternative lending companies with investors all over the world. The platform launched in January 2015 and currently has more than 129,000 registered investors who’ve earned more than €40 million in interest since joining.

Mintos has funded over €2bn in loans that range from short-term loans, business loans, mortgage loans, car loans and personal loans among others. Mintos has become the peer-to-peer market leader for continental Europe with a 38% market share according to AltFi Data, and keeps growing at a rapid pace.

The company reached profitability in 2017 with a revenue of 2.1 million EUR and net profit of 196.000 EUR. They currently employ 51 people in Riga, Warsaw and Mexico City and are planning to double that number in 2019 with new offices opening in South East Asia, Russia and Brazil.

Mintos has won many awards, including AltFi‘s People’s Choice Award 3 years in a row!


Mintos Returns – What Can I Expect?


There are hundreds of thousands of different loans available on the market at any given time, which range from 6%-18% in different currencies. If you are looking to invest in euros, the loans are usually between 6%-14% and the highest volume of loans lie in the 10-11% range.

According to Mintos, the average net annual return is 11.74% for all investors on the platform, and it matches my results pretty closely. Some personal finance bloggers have reported earnings as high as 14%!

This is my portfolio on the platform:



Is My Money Safe? 


In investing, your money is always at risk. But with that being said, your money is pretty safe on Mintos in a strong economy.

The reason for this is that Mintos offers something called a buyback guarantee: This helps to alleviate the majority of the risk that investors take on.


So What Is A Buyback Guarantee?


A buyback guarantee is essentially a promise from Mintos that if a borrower fails to pay back the loan after 60 days, Mintos will step in and give you back the invested principal and the interest earned for the period that you had the loan, including the 60 overdue days.

This transfers the risk of the investment going sour from you to Mintos and the loan originator. In the majority of the cases, this means that you receive your invested money and the principal back 100% of the time. For example, I’ve personally never had an investment go wrong on Mintos.

However, this doesn’t mean that your investments are completely risk free: there’s still the risk of a) Mintos going bankrupt and b) the loan originator going bankrupt.

In fact, quite recently a loan originator called Eurocent went bankrupt and there were hundreds, if not thousands of people who lost money in the process. This is why it’s always important to diversify across different loan originators!

Mintos is still dealing with the situation and they are trying to get as much investor money our of the loans as possible.

Now, let’s examine the possibility of Mintos going bankrupt. 

This is a real possibility and I would be very cautious investing my money into peer to peer lending when the economy goes bust. This is why all of my loans in P2P are up to 3 months – if the economy takes a hit, I will still hopefully manage to get all of my money out of P2P.

With that being said, the economy is doing great at the moment. Mintos has been expanding at a rapid rate and they reached profitability in 2017, reporting €196,000 in profits. They also have a 38% market share of the P2P market in continental Europe, making it the largest P2P platform in the European market.

They haven’t reported figures for their 2018 returns yet, but from the graph below you can see that they’ve rapidly increased the amount of loans that they are funding, and they’re expecting to see a profit for 2018 too.

Personally, I wouldn’t worry about Mintos going bankrupt. At the same time, I would also never put my eggs in one basket: If you plan to begin investing in P2P, put your money into at least a couple different platforms.


How Can Mintos Offer A Buyback Guarantee?


If you’re anything like me, you might be thinking how Mintos can afford to offer a buyback guarantee to it’s investors.

As far as I know, the reason behind this is mainly because the loan originators charge outrageous rates to their borrowers. Sometimes, the APR can be as high as 300% (if not more!), which is total madness for the borrowers.

Both the loan originators and Mintos know that a high percentage of the loans are going to default and they have taken that into account when they offer the loans to us, the individual investors. So, when we see a loan that yields 12% per year, the person who actually takes on the loan is paying a much higher interest rate.

Another reason why Mintos can offer buyback guarantees on their loans is because normally even if a loan defaults, the loan originator will still get their money back after the original borrower has gone through a lengthy court process. The court process can take months, if not years, but normally, the money that has been borrowed makes its way back to the loan originator eventually.

Note: These are just my speculation.


Mintos Review: My Results After 3 Months


Admittedly, it was a little bit difficult to follow my Mintos interest rate for the first few months that I was on the platform, because I didn’t add one lump sum when I began investing. I added €3,100 over 4 different instalments.

According to the platform itself, it’s been 10.66% and based on my own recordings, it’s been about 12% due to the extra 1% signup bonus that I received, and some Russian loans that I invested in.

So with that in mind, I’m now recording my received every month on the 1st of the month, and I’ll keep reporting my earnings here:

Portfolio Growth

April 1st: €3,046.51 / 7 575.77 rubles (€103.15) = €3,149.66

April 15th: €3,166.67


Why is this? Well, there’s two reasons for it. The main reason for this is obviously due to the 1% cashback bonus that I received when I signed up on the platform (want to receive an additional 1% too? Simply sign up to the platform through my partner link!).

Another reason for this is because I did some small investments in rubles, that yielded around 17% interest:



Even though the amount that I invested in rubles was only €100, it helped me to raise my overall interest rate on Mintos to about 12%.


Setting Up Your Strategy 


Achieving great results is all about setting up your strategy right. First of all, you want to get familiar with the loan originators on Mintos.

Mintos has ranked all their loan originators from A+ to D, and I suggest sticking to investing in the loan originators that fit the A & B criteria. I also strongly recommend that you read through this Mintos lender rating list which goes much deeper into the P&L of each loan originator, their track record, their equity and how often they’ve been audited.

The review ranks all of Mintos’ loan originators from 0 to 100 and even though some loan originators have been ranked “B” on Mintos, their internal affairs show a shadier side. For example, this review has given Kuki Pl a 13/100, even though Mintos’ rating for it is B-.

I suggest that you read through this analysis carefully, so that you know which loan originators you feel comfortable investing in.

I personally only invest in loans that have a buyback guarantee, and I would advise you to do the same. This way, you have less risk of losing money.

Secondly, I would suggest only investing in loan originators that offer income on delayed payments. Otherwise, you will not be paid for any overdue payments, and this will lower your overall returns.


Mintos Review: List Of Loan Originators


To find this information, head over to “Loan Listings” in your primary Mintos menu, then navigate to “Loan Originators” and click on “Details”.


How Long Should My Loans Be?


The length of the loans that you choose is completely up to you. The bigger timespan that you give your loans, the more options you will have to invest and the less cash drag you’ll experience.

With that being said, I only invest in loans that have a 3 month term or less. This is because of two reasons. First and foremost, even though Mintos has a great track record and even though it’s a trusted company, it hasn’t been through a recession.

And that’s not exclusive to Mintos: most P2P platforms haven’t experienced a recession yet, so in my eyes, the business model hasn’t been proven. As far as I’m concerned, they could all go bust in the next recession. We just don’t know.

That’s exactly why I only want my loans to be 3 months or less. My logic behind this is that even if the economy started going dour, 3 months would give me enough time to get most of my money back from Mintos before anything extremely bad could happen.

Another reason for me to only choose short loans is because I’ve noticed that the majority of loans that I invest into are always 60 days late before they are paid back. So, realistically, it would take me 3 + 2 months to get my money back from Mintos if I needed it, and that’s already quite a long time.

However, that’s only my strategy. There are many blogger in the P2P world who feel comfortable leaving their money with Mintos for 1-2 years. Usually, if you leave your money on the platform for longer, you’ll experience higher returns (because the risks are also higher).

So, it’s up to you to decide if you want to maximise your returns or if you’d rather be more cautious like me.


Setting Up Your Auto Invest Strategy


Now that you have an idea of what loan originators you can trust and which one’s you would rather stay clear from, it’s time to set up your auto investment strategy. To demonstrate, I’ll show you how I’ve set up mine.

The cool thing about Mintos is that you can have multiple auto investing strategies active at once, and you can set the priority of each strategy. 


Mintos Review: My Auto Investment Strategy


So for example, I’ve set up two different sets of strategies that each range from 10-14%, and I’ve set the priority of the loans to be so that loans with 14% yield are invested into first, then loans with 13% yield, and so on.

I also have two different sets of strategies that I’ve named “less risky” and “more risky” – these reflect the different loan originators that I’ve included in each. In the “less risky” strategy, I’ve only included loan originators who scored 50+ here, and I’ve included all of the A & B loan originators on Mintos in the “more risky” strategy.

I also never invest more than 1% in each loan. It’s generally recommended that you put between 0,5-1% of your portfolio value into one loan, and never more than that. This diversified your risk in case something goes sour.

Here are some more pictures of the auto investment strategy that I have in place:

Mintos Review: My Auto Investment Strategy


I always reinvest my funds to get the maximum yield possible.

Plus, I also always invest only in loans with a buyback guarantee! This will protect you from losing money.


Portfolio Diversification


On top of diversifying your portfolio between different loans, you can also diversify your portfolio between different loan originators and different countries. To do this, head over to your auto invest strategy and simply click “Yes” when you’re asked about diversifying across loan originators.

Here is what my portfolio looks like at the moment:

Mintos Review: My Portfolio Diversification


Bonus: Get 1% Cashback


If you want to kickstart your earnings on Mintos, you can do so with their 1% cashback deal! You will get an exclusive 1% bonus on all the investments that you make within the first 90 days of your registration if you sign up through one of my partner links. You will not get this bonus if you sign up directly on!

Get started by joining Mintos here.



Other Options


While I highly recommend using Mintos, especially if you’re just starting out with P2P lending, there are other options out there.

You can head over to my portfolio and see what other platforms I’ve been using and what returns I get from them.


Thank you for reading this Mintos review. I hope you found it useful and that I gave you some new ideas to use in your strategy. Please feel free to let me know more about your strategy in the comments below.