Post by zaigalazdina on Apr 6, 2016 15:03:30 GMT
We are happy to announce that, starting today, Latvia’s largest non-bank mortgage lender, AS West Kredit, has joined the peer-to-peer lending marketplace Mintos. The company issues loans to both businesses and private individuals against real estate collateral.
The Mintos marketplace will host AS West Kredit loans issued to individuals, making available investments with credits from 1,200 to 13,000 EUR and repayment deadlines from 3 to 5 years. The annual net return on loans will range from 6 to 10%.
AS West Kredit loans on the Mintos platform are low-risk; several payments have already been made on the loans placed on the platform, and they have a strong history of repayment discipline. The company will also offer a buyback guarantee if a loan is delayed by more than 60 days.
AS West Kredit is Latvia’s largest non-bank mortgage lender, employing industry specialists with more than 20 years of experience. At the end of 2015, the company’s loan portfolio was 29.8 million EUR. According to unaudited data, the company had a turnover of 3.9 million EUR in 2015, while the pre-tax profit was 2.5 million EUR.
The Mintos marketplace will host AS West Kredit loans issued to individuals, making available investments with credits from 1,200 to 13,000 EUR and repayment deadlines from 3 to 5 years. The annual net return on loans will range from 6 to 10%.
AS West Kredit loans on the Mintos platform are low-risk; several payments have already been made on the loans placed on the platform, and they have a strong history of repayment discipline. The company will also offer a buyback guarantee if a loan is delayed by more than 60 days.
AS West Kredit is Latvia’s largest non-bank mortgage lender, employing industry specialists with more than 20 years of experience. At the end of 2015, the company’s loan portfolio was 29.8 million EUR. According to unaudited data, the company had a turnover of 3.9 million EUR in 2015, while the pre-tax profit was 2.5 million EUR.