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Post by saraph on Jan 16, 2018 15:30:45 GMT
Current campaigns:
MogoInvest in Mogo loans and get a cashback immediately: 1% for loans with a maturity of 12 to 23 months; 2% for loans with a maturity of 24 to 35 months; 3% for loans with a maturity of 36 to 47 months; 4% for loans with a maturity of 48 to 59 months; 5% for loans with a maturity of 60 months or more. Campaign period: 16th January 2018 - 16th May 2018 (extended by 2 months from 16th February).
Past campaigns:
Lendo
Invest in Lendo loans with a maturity of 9 months or more and get a cashback of 1.5%.
Campaign period: 13th March 2018 - 16th May 2018
GetBucks
Invest in GetBucks loans with a maturity of one year or more and get a cashback of:
1% for investing in GetBucks loans with a maturity of 12 to 23 months; 2% for investing in GetBucks loans with a maturity of 24 to 35 months; 3% for investing in GetBucks loans with a maturity of 36 to 47 months; 4% for investing in GetBucks loans with a maturity of 48 months or more.
Campaign period: 13th March 2018 - 13th April 2018
Lendo
Invest in Lendo loans with a maturity of 9 months or more and get a cashback of 1.5%.
Campaign period: 7th March 2018 - 7th April 2018
Lendo
Invest in Lendo loans with a maturity of 9 months or more and get a cashback of 1.5%.
Campaign period: 18th January 2018 - 18th February 2018
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stevio
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Post by stevio on Jan 16, 2018 22:47:01 GMT
Presume these don't have buyback?
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IFISAcava
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Post by IFISAcava on Jan 16, 2018 22:47:49 GMT
Presume these don't have buyback? Most Mogo loans do.
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IFISAcava
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Post by IFISAcava on Jan 16, 2018 23:23:53 GMT
These long loans are now 12% though - previously Mogo had 13 or 14% rates (and in fact you can find shorter term loans at 13% still). Can't help thinking that a 24 month at 13% better than a 48 month at 12% even with a 4% cash back (unless the buyback activated)
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Post by tomas on Jan 17, 2018 5:51:03 GMT
They want us to be exposed to longer term loans.
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stevio
Member of DD Central
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Post by stevio on Jan 17, 2018 6:55:23 GMT
They want us to be exposed to longer term loans. Is that a bad thing?
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Post by itemor on Jan 17, 2018 7:27:48 GMT
But neither we can say that it is a good thing. To put this into context we should see Mintos 2017 performance...
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fric
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Post by fric on Jan 17, 2018 8:53:44 GMT
Shorter term loans are more liquid for obvious reasons, thus a lot of people usually prefer shorter term loans thus creating surplus of longer term loans on the market. Longer term loans means more money tied in investing, which is good for the loan providers. More money for them = more loans to give out.
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Post by amoult on Jan 17, 2018 11:07:42 GMT
They want us to be exposed to longer term loans. Is that a bad thing? Not in and of it self, but longer duration loans carry more risk and thus should be compensated by higher interest rates. Can't understand why anyone would pick 12% / 60 month loan over 13% / 12 month loan
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stevio
Member of DD Central
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Post by stevio on Jan 17, 2018 11:50:52 GMT
Not in and of it self, but longer duration loans carry more risk and thus should be compensated by higher interest rates. Can't understand why anyone would pick 12% / 60 month loan over 13% / 12 month loan I think it would be more useful to compare the same rate, but different lengths I prefer loans elsewhere which have long length, as I dont have so much DD of the borrower to keep doing, but here, with no real possibility of DD of the customer and auto lending I am not personally sure how length factors in
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IFISAcava
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Post by IFISAcava on Jan 17, 2018 11:52:32 GMT
Not in and of it self, but longer duration loans carry more risk and thus should be compensated by higher interest rates. Can't understand why anyone would pick 12% / 60 month loan over 13% / 12 month loanIndeed. Hence the cashback.
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p2pmark
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Post by p2pmark on Jan 17, 2018 12:34:33 GMT
Does anybody know who pays the cashback? Is it the loan provider or Mintos?
It seems simpler just to add 1% to the rate.
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Post by tomas on Jan 17, 2018 13:14:05 GMT
Does anybody know who pays the cashback? Is it the loan provider or Mintos? It seems simpler just to add 1% to the rate. If the loan with cashback will experience buyback during the year than the cashback will remain with investor making the effective interest rate 4 percent higher, so it could be very profitable for investors. The turnover, buyback frequency, of loans should be taken into account. As for Mogo I see many loans are bought back, about 30-50%. The question is what is the goal for Mintos. Maybe they want to roll in more low interest long term loans. If they will not be bought back they will freeze on secondary market unless you give a hefty discount.
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p2pmark
Member of DD Central
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Post by p2pmark on Jan 17, 2018 13:37:44 GMT
That's kind of my point. These effects all seem distortions.
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Post by saraph on Jan 17, 2018 13:57:10 GMT
On the other hand, by giving investors 5% up front, they basically destroy all competition and screw up most people's platform-wide diversification.
It would hardly be just as effective if they simply competed with Mozipo and others.
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