Post by extremis on May 2, 2016 22:03:17 GMT
Mintos reports a 12.59% average net annual return, but how exactly is this calculated? Is it the theoretical average return rate if all loans pay on time and there are no defaults or early repayments?
In the statistics page we see that principal repaid to investors is currently 14168464E, while interest paid is 630027E, that is 4.45%. Even if we subtract the total value of loans sold on SM, 1217788E, from the principal repaid to investors we get an average return rate of 4.86%. That is still way below the advertised average NAR of 12.59%, but also below the lowest interest rate for any single loan currently listed! How is this even possible? I must be missing something here, any ideas?
In the statistics page we see that principal repaid to investors is currently 14168464E, while interest paid is 630027E, that is 4.45%. Even if we subtract the total value of loans sold on SM, 1217788E, from the principal repaid to investors we get an average return rate of 4.86%. That is still way below the advertised average NAR of 12.59%, but also below the lowest interest rate for any single loan currently listed! How is this even possible? I must be missing something here, any ideas?
