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Post by valueinvestor123 on Nov 8, 2016 17:25:53 GMT
I can't seem to find info on what type of loans Twino are offering. Are these all unsecured personal loans or business loans or some other type?
I invest with both Mintos and Twino (fairly small part of my portfolio). Would I be right to assume that Mintos is less risky as it contains some secured loans as well?
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317
Likes: 893
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Post by JamesFrance on Nov 9, 2016 10:20:59 GMT
The Twino loans are all unsecured personal loans, so the risk lies with the ability of Twino to fulfill the buy-back guarantee. The non guaranteed loans will be closer to the interest rate paid by the borrower.
The rates for secured loans at Mintos seem to be dropping below those available on other platforms so are not as attractive as they were.
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Post by valueinvestor123 on Nov 9, 2016 13:16:07 GMT
Ah ok thanks. When companies guarantee loans, doesn't the risk then transfer to the company for the investor, and away from the loans? (There used to be a time at Savingstream when investors would be investing into their trust company (Lendy or something?), rather than directly into individual loans. Guaranteeing loans seem to be the same thing but backwards, no?). I also begin to (slightly) worry about cross-contagion when I see complexity in the products on offer.
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