Guys, did anyone do an in-depth analysis on Grupeer Loan originators financial stability? Buyback is only as strong as the company behind it so would be great to see whether anyone did some digging already?
thanks to everyone really Indeed, I can confirm that it has been (just now confirmed) 24h on my end as well much better than the 5 days they announced (which seemed a bit off with SEPA transfer norms) the reason I asked is that with 5 days, when you are in testing mode, slowly increasing amount on a platform, 5 days in not convenient, basically I would have wasted a week each time at 24h, i am down with it
I opened an account in September. My observations after first 50 days:
- Grupeer offers 1% cashback bonus during promotion period - Buyback guarantee - plenty of loans on the market, no sign of cash drag yet. - Business & development loans - UI is satisfactory / No secondary market yet - 2 Types of development loans repayment schedule: Bullet (Monthly) & Balloon (Redemption only) - Most loans offer very good return. - My current XIRR is a lot lower than 13% due to proportion of balloon payment loans.