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Post by zmwlf on Aug 23, 2018 16:31:43 GMT
As discussed in other threads in this forum, interest rates have dropped significantly on Mintos for the past 3-4 months.
For loans - Euro - short term = up to one month - buy back guarantee - borrower country in Europe/Asia
it was possible to get 13-14%. Eg. Varks and Bino.
These rates dropped to 9% in july, and have increased so now there is a steady supply of loans at 9,5%.
But, it's easy tog get 10 %
Interest, buyback, repayments etc. to investor accounts are processed overnight. Auto invest agents invest in loans as funds are pouring into the investors account. Around noon all funds to be invested by auto invest seems to be complete. After noon some loan originators eager to get funding - eg. today, Varks, Bino, Simbo, Sebo - sell of loans at 10% - a little higher than the steady supply at 9,5 %.
So, stop your auto invest agents. Look at the max offered interest rate in the morning. Increase the minimum interest rate for the agents to 0,5 % above rates offered.
... and your cash will be invested during the day or evening.
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Post by geldregiertdiewelt on Aug 23, 2018 18:14:56 GMT
Right now 11.1% loans in Euro, with buyback, from Lendo, term is 12 months.
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fric
Member of DD Central
Posts: 199 
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Post by fric on Aug 24, 2018 5:53:36 GMT
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Post by rimvydukas on Aug 24, 2018 8:31:35 GMT
Right now 11.1% loans in Euro, with buyback, from Lendo, term is 12 months. I'm not able to catch such short term loans at all...
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Post by rimvydukas on Aug 24, 2018 8:37:07 GMT
But, it's easy tog get 10 %
Interest, buyback, repayments etc. to investor accounts are processed overnight. Auto invest agents invest in loans as funds are pouring into the investors account. Around noon all funds to be invested by auto invest seems to be complete. After noon some loan originators eager to get funding - eg. today, Varks, Bino, Simbo, Sebo - sell of loans at 10% - a little higher than the steady supply at 9,5 %.
So, stop your auto invest agents. Look at the max offered interest rate in the morning. Increase the minimum interest rate for the agents to 0,5 % above rates offered.
... and your cash will be invested during the day or evening.
My autoinvestment profile for Varks was set min at 10% interest rate and it was not able to catch any loans with 10%. When were you able to catch loans from Varks with 10% interest rate? As for interest rate itself - you will get the same interest from one months loans which have 9.5 or 10 percent interest rates.
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fric
Member of DD Central
Posts: 199
Likes: 79
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Post by fric on Aug 24, 2018 12:47:57 GMT
There are more 11.1% up to 14m loans on the market available now.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
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Post by JamesFrance on Aug 24, 2018 15:33:11 GMT
Yes the rates are creeping back up now. Look at your auto invest settings to see what is available and adjust the minimum rate up when you can.
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Post by zmwlf on Aug 25, 2018 9:09:28 GMT
My autoinvestment profile for Varks was set min at 10% interest rate and it was not able to catch any loans with 10%. When were you able to catch loans from Varks with 10% interest rate? As for interest rate itself - you will get the same interest from one months loans which have 9.5 or 10 percent interest rates. Alomst each day since August 17 i bought 10% loans.
There are almost 2100 loans with interest between 10 and 10.1 % (1 month, EUR, Buyback) available right now :
Yesterday I set my auto invest to 10.5 %, i might buy at 10.1% if no loans with 10.5% are issued today.
You will of course get higher interest form loans with 10 % compared to 9.5 %. 0.5 % per cent per year :-) Edit: Mintos uses 6 digits in calculations and account statement, but only two are displayed on the web site. You can download your account statement and see.
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Post by zmwlf on Aug 25, 2018 11:58:57 GMT
Congratulations - nowadays that is nothing less than a treasure 
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Post by rimvydukas on Aug 25, 2018 13:00:06 GMT
My autoinvestment profile for Varks was set min at 10% interest rate and it was not able to catch any loans with 10%. When were you able to catch loans from Varks with 10% interest rate? As for interest rate itself - you will get the same interest from one months loans which have 9.5 or 10 percent interest rates. Alomst each day since August 17 i bought 10% loans.
There are almost 2100 loans with interest between 10 and 10.1 % (1 month, EUR, Buyback) available right now :
Yesterday I set my auto invest to 10.5 %, i might buy at 10.1% if no loans with 10.5% are issued today.
You will of course get higher interest form loans with 10 % compared to 9.5 %. 0.5 % per cent per year :-) Edit: Mintos uses 6 digits in calculations and account statement, but only two are displayed on the web site. You can download your account statement and see.
Yes, it seems that varks switched to 10.1 interest not so long time ago. I think that Sebo will come after varks an that Bino will move to 11 percent after that:) And thanks for the tip about 6 digits, I thought that everything is rounded to two digits.
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Post by InvestingInP2PLending on Mar 22, 2019 7:10:17 GMT
At the moment there is a steady stream of 13% loans comming in. You won't see them available in the primary market but if you make the auto invest strategy and wait for a few days it will fill up steadily.
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Post by InvestingInP2PLending on Mar 22, 2019 7:25:46 GMT
At the moment there is a steady stream of 13% loans comming in. You won't see them available in the primary market but if you make the auto invest strategy and wait for a few days it will fill up steadily.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Mar 22, 2019 7:58:30 GMT
At the moment there is a steady stream of 13% loans comming in. You won't see them available in the primary market but if you make the auto invest strategy and wait for a few days it will fill up steadily. I wonder though which lenders, and whether they have buyback? I am pretty wary of some lenders on Mintos.
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benaj
Member of DD Central
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Post by benaj on Mar 22, 2019 11:09:34 GMT
I do see variation in rates on Mintos. There are lots of loans from Metrokredit and Cashwagon lately but I have only a tiny portion to test water.
Most loans on Mintos Auto Invest Short term Strategy (7-21% / 0-3months) have buybacks, the exceptions are Capitalia, Banknote, Debifo, I haven't seen anything like 21% EUR loans in the primary market yet with my limited experience on the platform.
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Post by InvestingInP2PLending on Mar 22, 2019 20:06:39 GMT
I wonder though which lenders, and whether they have buyback? I am pretty wary of some lenders on Mintos. All have buyback guarantee and the lenders are GetBucks, Kuki.pl, Varks, Metrokredit and, CashWagon and the largest chunk is Dinero. wp.me/aawp6t-3P
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