Any Information About Banknote? | P2P Independent Forum

shafty

Posts: 7

Any Information About Banknote? Sept 10, 2016 14:43:59 GMT

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Post by shafty on Sept 10, 2016 14:43:59 GMT

Banknote was the only personal loan originator on the marketplace that had both both large volumes and meaningful financial information I could trust (they also had a public bond issuance which is a big plus) and ever since they stopped placing loans on Mintos there is nowhere to place the funds coming from repayments to have a properly diversified/subjectively safe portfolio on Mintos.

Does anyone know the reason Banknote stopped placing loans on Mintos?
Does anyone know if Banknote plans to resume placing loans on Mintos in the near future?
Does anyone know if Mintos has in the pipeline any new personal loan originators that will have a similar level of placement volume, quality financial information and EU jurisdiction?

Your thoughts and comments would be highly appreciated.

thep2pinvestor
Member of DD Central

Posts: 54

Likes: 7

Any Information About Banknote? Sept 11, 2016 20:14:45 GMT

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Post by thep2pinvestor on Sept 11, 2016 20:14:45 GMT

If i remember well, Banknote was reducing interest rates (for us) progressively. The last rate i can remember was 8,6 %.
I think that investors went on strike with very few buying these loans. At the end, i assume Banknote must have found a cheaper refinancing way. All this is just a guess.

dagoatla

Posts: 28

Likes: 3

Any Information About Banknote? Sept 11, 2016 21:54:26 GMT

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Post by dagoatla on Sept 11, 2016 21:54:26 GMT

Mintos need to do something. At the minute there is about 1500 loans with buyback available, 4 were non Mogo. these are too long duration for me to invest. 60-70 months.
if it continues they may as well rename it Mogo P2P.
i have been transferring funds to Twino. Steady rates and short duration.
at least the rate isn't dropping every time loans are put on the market.

buttchopf23
P2P Blogger

Posts: 592

Likes: 131

Any Information About Banknote? Sept 12, 2016 6:22:59 GMT via mobile

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Post by buttchopf23 on Sept 12, 2016 6:22:59 GMT

In my opinion the trend is going towards non-buyback loans anyway. Therefore I doubt any major payday loan originator will appear on mintos in the future with buyback. There are cheaper ways to get funding.

Just my opinion, I might (and hopefully) be wrong.

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yacop

Posts: 68

Likes: 42

Any Information About Banknote? Sept 12, 2016 19:37:27 GMT via mobile

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Post by yacop on Sept 12, 2016 19:37:27 GMT

Sept 11, 2016 20:14:45 GMT thep2pinvestor said:

If i remember well, Banknote was reducing interest rates (for us) progressively. The last rate i can remember was 8,6 %.
I think that investors went on strike with very few buying these loans. At the end, i assume Banknote must have found a cheaper refinancing way. All this is just a guess.

No assumptions. This is fact.

Loan Performance of Bondora:
p2pindependentforum.com/thread/4340/general-bondora-statistics