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Post by martins on Oct 29, 2015 15:24:45 GMT
Happy to share that from today investors can download the entire Mintos loan book. The download is available under Statistics section for logged-in users.
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Post by kissmyjazz on Nov 1, 2015 3:34:37 GMT
My experience so far with Mintos has been very good. However, I find worrisome the general dynamics of your loan pricing. Every other loan category except for mortgage loans has started with higher "teaser" interest rates which then quickly declined. I find also strange that you price business loans that are on average the riskiest category in your loan book below the rates on the mortgage loans. This constant fiddling with the loan rates makes me think more and more that I should simplify my life and concentrate on Twino instead. Attachments:
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Post by Deleted on Nov 1, 2015 14:07:35 GMT
My experience so far with Mintos has been very good. However, I find worrisome the general dynamics of your loan pricing. Every other loan category except for mortgage loans has started with higher "teaser" interest rates which then quickly declined. I find also strange that you price business loans that are on average the riskiest category in your loan book below the rates on the mortgage loans. This constant fiddling with the loan rates makes me think more and more that I should simplify my life and concentrate on Twino instead. I couldn't have put it any better. I had same level of investment in Mintos and Twino, but give how Mintos is behaving, I've tripled my investment in Twino and just reinvesting interest from what's in Mintos now in Mintos. Not adding any new funds.
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huxs
Member of DD Central
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Post by huxs on Nov 2, 2015 9:01:25 GMT
Snap
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317 
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Post by JamesFrance on Nov 2, 2015 9:43:22 GMT
I added funds to invest in the one month 14% loans when they first appeared, but I don't think they are worth the trouble of continual reinvestment at 12%. It is a pity that Mintos don't have enough of their own mortgage loans to keep up with repayments, so I have been buying some on the secondary market at a premium, which I don't like doing.
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p2pmaster
investment is life.
Posts: 128
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Post by p2pmaster on Nov 2, 2015 10:41:52 GMT
I have some money in mintos as alternative investment class. Here my portfolio is divided between long- and short-term investments. Long-term investment with decent LTV or buybacks at 12-15% is desirable. In the meantime, I invest in short-term loans, which provide me with extreme liquidity, for 10-12%, which is around 10x higher than bank deposit rates. I frequently deposit and withdraw funds from the platform as I use short-term investments for balancing purpose and reducing personal cash drag. Nevertheless, I am unlikely to invest in such loans below 10%.
Can you guys suggest any other decent platform with high liquidity (up to two months max) and double digit return? Thanks.
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Post by red_panda on Nov 6, 2015 8:19:20 GMT
I'm also not happy with the decreasing rates. Also, there haven't been many if any new business loans or mortgage loans lately. The primary market only has 8 of these available at the moment. This convinced me to snap up some from the secondary market at premiums with YTM close to 15%.
The personal loans at 12% aren't worth it at all, when I can invest in personal loans at 13 to 14.9% at Twino.
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Rob
Posts: 138
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Post by Rob on Nov 6, 2015 9:41:56 GMT
Happy to share that from today investors can download the entire Mintos loan book. The download is available under Statistics section for logged-in users. I tried to download the loan book into OpenOffice 4.1.1, but it says that the file is corrupt. I wanted to check on the Mortgage loans as the Statistics graph shows Mortgage loan interest rate for November to be 17.2%. I log in to Mintos several times a day and have Auto Invest set up for Mortgage loans minimum interest rate of 15% and maximum LTV of 60%. I have not seen any Mortgage loans come on the primary market in November and my Auto Invest has made no investments, so where does this figure of 17.2% come from please Martins?
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Post by kissmyjazz on Nov 6, 2015 12:02:39 GMT
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Rob
Posts: 138
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Post by Rob on Nov 6, 2015 13:18:57 GMT
Thanks, kissmjazz. You have to be quick with these mortgage loans. It's nearly all gone already!! martins In the light of the confusion that just happened, would it not be better to make sure that the statistics are only updated with loans that are already / have been on the primary market?
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Post by Deleted on Nov 6, 2015 15:27:28 GMT
For decreasing interest rate I've reached out to Mintos and am expecting a statement from CEO Martin on it.
(mostly will be usual supply and demand answer, but we will see)
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Post by Deleted on Nov 7, 2015 10:43:30 GMT
Reply I got from Martin (CEO, Mintos)
Thank you for your question.
The interest rates are set by the respective loan originators not Mintos. We obviously present our view and impose certain limitations but at the end of the day it is loan originator which sets the interest rate. One of the key parameters that affects the interest rate is the risk. In general, the higher risk, the higher interest rate. Therefore, for example, loans with the buyback guarantee come with the lower interest rate then ones without. Other factors that loan originators take into account in setting the interest rates include the dynamics of market forces (borrowers always want lower interest, while investors higher, so they have to meet somewhere), availability and cost of other sources to fund the loans (some of the loan originators for instance fund the loans also through the bond market), the perceived risk by the investors and investor cost of capital, etc.
Hope it helps and let us know if you have any further questions.
Regards,
Martins
Regards,
Martins Sulte
Co-Founder and CEO
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Post by patright on Nov 8, 2015 7:53:48 GMT
Well , it's a fair answer
Honestly, if I was like 100% sure of the buyback, I would be more than willing to invest thousands in loans at around 10%
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jimc99
Member of DD Central
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Post by jimc99 on Nov 8, 2015 8:44:48 GMT
Yes me too. With some 25% of my "personal loans" overdue I certainly hope the buyback guarantee is sound...only time will tell.
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Post by martins on Nov 8, 2015 19:53:38 GMT
Rob, indeed the average interest rate graph is updated before the loan is available for manual investing on the primary market. However, the time difference for that is usually fairly short. Thanks, kissmjazz. You have to be quick with these mortgage loans. It's nearly all gone already!! martins In the light of the confusion that just happened, would it not be better to make sure that the statistics are only updated with loans that are already / have been on the primary market?
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