Bondora Rating and portfolio performance – quite terrible?
Oct 7, 2019 10:29:23 GMT
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Post by rahafoorum on Oct 7, 2019 10:29:23 GMT
Looking at the hordes of content marketers, referral link spammers and the tens of millions being poured into Go & Grow product with the hopes of earning a 6.75% return, I decided to look at Bondora's figures again after a while. The results are not providing any confidence.
Based on Bondora's own optimistic return calculation, the returns have been lower than the advertised 6.75% for loans issued in:
- 2014
- 2015
- 2016
- and soon we can add 2017 to the list
To put this into perspective, that's more than 100 mil € worth of loans over the years. Out of which many segments have been offering a negative return.
In other words, getting a lower return than the advertised 6.75% is not only possible, but Bondora has a great track record of failing to achieve that return mark historically.
Whenever you're talking or reading about Bondora's track record, keep that in mind.
All figures come from Bondora's blog (and thus are mostly optimistic).
Some additional thoughts on this and the figures for 2018-2019:
