james
Posts: 2,205
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Post by james on Nov 17, 2013 15:02:44 GMT
This is the answer I received about withdrawing money from isePankur international support in mid August 2013:
"Here is a steps to make a payment to your account:
1. Please write a sum what you want to withdraw
2. Send a copy of your passport or some other id document to us
3. Send a copy of a first page of your bank account statement where we can see that this account belongs to you
We need those documents to fulfill requirements which are coming from Prevention of Money Laundering act in Estonia."
I did not continue because isePankur introduced the ability not to lend to Finnish loans soon after that. Being unable to avoid lending there is why I was withdrawing money.
It is not clear whether a TransferWise account statement will be sufficient. If it has to be a traditional bank account then it may be cheaper for British people to set up a new Euro account to reduce foreign exchange losses, then pay a Pound account using money sent from the Euro account via an exchange service.
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james
Posts: 2,205
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Post by james on Nov 17, 2013 15:12:01 GMT
My first deposit to isePanku was in mid November 2012 and I've lent about 16,000 Euros there since then. I've so far used TransferWse for all funding. the performance of money actually lent is somewhat better than that reported by wiseclerk.com, probably because I've sold more loans and that's given me a reported return above 30%. But that's with a significant cash balance for most of the time so my actual XIRR return including that is more like 15% and increasing now all of the initial money is lent out and I'm adding more money.
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Post by wiseclerk on Dec 5, 2013 13:42:58 GMT
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JamesFrance
Member of DD Central
Port Grimaud 1974
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Post by JamesFrance on Dec 5, 2013 15:32:08 GMT
Thanks very much for the update, your previous reports were what led me to isePankur and were very helpful for a new member there. My own ROI is still low as I bought many resales to use up my euros quickly, however it is increasing steadily each month.
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duck
Member of DD Central
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Post by duck on Dec 5, 2013 18:12:58 GMT
Yes thanks for the update.
My investment is slightly less mature and approx. 50% larger. Taking into account dead money time and bad debt my ROI is approx. 20%.
I've had a few defaults, 2 without making a payment. It will be interesting to see how the debt collection process works but as in all my P2P investments I take a pessimistic view of 0% recovery so all recoveries are a bonus.
I've dipped my toes into both Finland and Spain and whilst wary of Spain I note from a recent Email that the approval rates are 5.8% for Spain and 3.7% for Finland.
Transferwise have been excellent, recent payments making their way to isePankur within the day.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on Dec 5, 2013 18:39:44 GMT
I have only been there since late August and have one default so far and another heading that way having missed the first 2 payments. Both of these are from Finland and several other Finnish loans are late. My experience of Estonian borrowers is considerably better and Spanish borrowers are too recent to reach repayments.
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Post by batchoy on Dec 5, 2013 18:57:33 GMT
No defaults as yet but I have about a dozen of regular late payers the majority seem to pay on the Friday following their payment date, a couple who go to the first letter and one who regularly goes to the second letter. I've limited my profiles to a couple hundred euros worth each of 10 euro shares in Finnish and Spanish A1000 loans (none of them late payers) the remainder of the funds are in a range of Estonian loans. I will probably do the same with Slovakian loans once there is the option in the profile settings.
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duck
Member of DD Central
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Post by duck on Dec 5, 2013 19:02:31 GMT
Interesting point on Finland there, both of my loans that failed to make a single payment are from Finland.
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duck
Member of DD Central
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Post by duck on Dec 18, 2013 17:39:29 GMT
I note isePankur are entering further markets
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Post by batchoy on Dec 18, 2013 18:37:12 GMT
They mentioned a couple of weeks ago that we could be seeing Slovakian loans some time this month, but nothing yet and despite an update to the site (I'm not sure I like it) they haven't added Slovakia to the country options on the profiles.
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duck
Member of DD Central
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Post by duck on Dec 18, 2013 19:19:58 GMT
Yes the Slovak loans were mentioned recently but this weeks Email was the first mention (I had seen) concerning Ireland and Poland.
I have a feeling I'm going to have to add a few more columns to my spreadsheet ...... which I'm sure my accountants will appreciate 
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mikes1531
Member of DD Central
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Post by mikes1531 on Dec 19, 2013 13:25:42 GMT
I have a feeling I'm going to have to add a few more columns to my spreadsheet ...... which I'm sure my accountants will appreciate Of course they will -- more complications mean larger fees!
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duck
Member of DD Central
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Post by duck on Dec 19, 2013 17:15:38 GMT
Rate fixed which covers my Ltd Co and personal tax 
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mikes1531
Member of DD Central
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Post by mikes1531 on Dec 19, 2013 20:55:16 GMT
Rate fixed which covers my Ltd Co and personal tax That's good for you. But how long is the rate fixed for?
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duck
Member of DD Central
Posts: 2,864
Likes: 6,895
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Post by duck on Dec 20, 2013 4:49:37 GMT
Now that's a good question |
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