How are you calculating the returns? They don't seem to represent the headline rates or the realistic returns from experience. It depends on the individual but many of the returns are quite different to what I see. E.g.:
Investly: 12% - No chance. 6-8% is more realistic due to cash drag and a rush to the lowest rates. ViaInvest: I still get 12% consistently. While dropping it's still more than 10%. Viventor: You'd be lucky to see 11%. I rarely get a loan that is more than 10.5% and with cash drag it's more like 9%. Grupeer: The vast majority pay 14/15%. Mintos: Anything between 6-17% available. I get 13% EUR overall or 17% in GEL (not including currency loss) Lenndy: 12%+ would be more accurate. Most of my loans are above 12%, more like 13% on average. Omaraha: My returns are much higher than 12%. More like 17% if I exclude my initial Slovakian blunder.
Last Edit: Sept 30, 2017 11:36:47 GMT by kulerucket
Post by clandestino52 on Sept 30, 2017 17:27:12 GMT
Thank you for the feedback.
The returns are the difficult part of the table and which takes me more time. It's difficult to show user experience because every user has the ability to get more or less returns so here's my approach.
First I search for the returns stated in the platform. Not ones on the home page. But sometimes you find it in the terms and conditions page. And take the lower return stated. For example, if the returns for AAA loans is 5%. I put this lower value 5% +
The + sign mean that you can earn 5% or more.
If no returns are found then Second I search in statistics page. And put the current average return stated in statistics. For example for Mintos 11% +
If no returns are found then Third I search on the home page. For example, Omaraha 12%
And If no returns are stated in the platform I search for user experience.
Keeping this approach in mind I corrected some values and now I think the result is in accordance with your returns:
Investly: Change from 12% (Home page) to the lower returns (Terms and conditions page) 5% + Viventor: Change from 11% (Home page) to lower value in statistics returns 8% + Omaraha: No statistics returns. 12% is what is stated on home page so I only added the + sign Grupeer Mintos Viainvest and Lenndy: The returns are the same stated as average in statistics page so I only added the + sign
If you think that other approach can be better. Please let me know.
I think the ratings in the table will show If the returns stated in the platforms are in accordance with what users are getting.
Post by southseacompany on Dec 7, 2019 3:31:23 GMT
I think that for this to be useful, the data has to be kept up to date. That doesn't seem to be the case here, so I have some reservations about this tool. To give one example, Robocash has moved from Latvia to Croatia, and all loans there now yield 12% vs. your claim of 14% average return. Also, Moneything is now winding down so it would seem peculiar to recommend it to anyone at this time.
Moreover, I understand you want to keep it simple, but is a single "protection scheme" field really appropriate? Mintos has loans with buyback guarantee and loans without it, some with collateral and some without. Envestio loans have both a buyback guarantee and underlying collateral. Furthermore, buyback guarantees vary widely: many Mintos loans are only guaranteed by tiny companies with questionable solvency, while all Twino loans are guaranteed by the group's parent company. Dumbing these important considerations down too much may be a disservice to new investors.