borofan
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Post by borofan on Jul 10, 2017 14:29:21 GMT
Who do you think gives the best rate for the least risk?
I'm currently getting about 5% with early adopter bonus with Zopa Classic.
Does anything else give a better rate for about the same amount of risk?
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Post by keyboardworrier on Jul 10, 2017 14:47:44 GMT
Lending Works may be worth a look, currently paying 4.8% for 5 years, low exit fee, provision fund & included insurance.
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stevio
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Post by stevio on Jul 10, 2017 19:27:24 GMT
Who do you think gives the best rate for the least risk? I'm currently getting about 5% with early adopter bonus with Zopa Classic. Does anything else give a better rate for about the same amount of risk? Zopa is unsecured loans, I would class that high risk
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borofan
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Post by borofan on Jul 11, 2017 11:22:15 GMT
Who do you think gives the best rate for the least risk? I'm currently getting about 5% with early adopter bonus with Zopa Classic. Does anything else give a better rate for about the same amount of risk? Zopa is unsecured loans, I would class that high risk But I plan to keep my money in Zopa Classic until near to 2022, and that way it is still safeguarded. What would you suggest as an alternative P2P to invest in?
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stevio
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Post by stevio on Jul 11, 2017 15:39:59 GMT
Zopa is unsecured loans, I would class that high risk But I plan to keep my money in Zopa Classic until near to 2022, and that way it is still safeguarded. What would you suggest as an alternative P2P to invest in? I would look into provision funds and see if they are the safeguard you understand (are led to believe) Generally unsecured loan provision funds are paid for by the lower rates offered There are multiple bank accounts that have vertially zero risk that she should maximise first You can effectively create the equivalent to a provision fund on higher rate loans by ensuring they are secured with a low LTV with a reasonable valuation
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Post by nellerdk on Jul 13, 2017 20:02:38 GMT
Mintos
also has great reviews
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Post by explorep2p on Jul 14, 2017 21:21:33 GMT
Zopa is unsecured loans, I would class that high risk But I plan to keep my money in Zopa Classic until near to 2022, and that way it is still safeguarded. What would you suggest as an alternative P2P to invest in? Hi Borofan If you really have a 5 year investment horizon, then Zopa Classic is probably not the right option for you. Zopa pay lousy rates because people are willing to accept it as they see it as a cash deposit alternative. Over a 5 year period there are several options that could generate an expected future value of your investment that is 50% higher than going with the 'safe' Zopa option. You are probably better off earning 10 to 12% pa with a secured loan portfolio than 3% with an unsecured Zopa product. Our site compares all the platforms available if that's helpful.
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michaelc
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Post by michaelc on Jul 15, 2017 17:47:32 GMT
Something missing here. Zopa might be unsecured but the average creditworthiness of its borrowers is, I think, a lot higher than many of the colourful characters that end up borrowing at mid 24+ percent on secured property.
That said, I have mostly moved all my funds out of zopa a long time ago.
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kuznec
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Post by kuznec on Jul 21, 2017 21:17:42 GMT
Are you sure that such a low interest rate will bring you profit, and not just help save money from depreciation?
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