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Post by extremis on Mar 16, 2017 15:20:20 GMT
What happened to the loans list? I am not registered with Twino, yet i used to be able to see the loans offered. But not anymore. I was thinking about moving some money from Mintos to Twino, since Mintos buyback guaranteed loan interest rates have recently plunged, but i am not so sure interest rates will be any better in Twino. What are the current rates for short/medium term loans (<12 months)? Is there sufficient supply?
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Post by queenvictoria on Mar 16, 2017 15:26:00 GMT
Rates on buyback range currently from 8-14%. I would say the most usual ones (although I have no statistical evidence of this, it is just an impression) are at 10%. I haven't seen any at 14% for the last 2 or 3 weeks but have bought some 12%erst in the last few days. I think the loan flow seems slower since the turn of year but there is sufficient. I re-invest every day and almost always get invested by the end of the day.
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Post by yoica on Mar 16, 2017 15:38:40 GMT
The rates on Twino are also dropping. I have noticed that sometimes it can take 1-2 days until funds are (re)invested.
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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 Mar 16, 2017 16:59:16 GMT
Whenever I look there is nothing available and I get nothing from auto.
Presumably there is new money coming in to replace my withdrawals and they can keep lowering rates.
You probably need to accept 10% to get much now.
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Post by Deleted on Mar 16, 2017 18:14:55 GMT
Whenever I look there is nothing available and I get nothing from auto. Presumably there is new money coming in to replace my withdrawals and they can keep lowering rates. You probably need to accept 10% to get much now. Where are you moving your money, if you don't mind me asking?
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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 Mar 16, 2017 18:35:25 GMT
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Post by queenvictoria on Mar 16, 2017 20:04:28 GMT
I do think you are all being very unfair. The rates do seem to be lower in the last 3 months than they were in the 3 months prior and the supply is down too but that is just market forces isn't it? If there are fewer borrowers and/or more lenders then rates will reduce, surely. I don't suppose Twino is artificially holding back supply to push rates down - why would they?
My Twino dashboard tells me right now that I have an XIRR of 12.17%, weighted average interest of 12.49% on buyback and 36.17% without buyback. Looking through my loans the majority are at 12,13 and 14% with none below 10%. I have a few hundred pounds in cash, all of which has come from things that have sold/been repaid etc in the last few hours. Currently there are only delayed without buyback loans available and I dont want those but I'm confident that by this time tomorrow my few hundred pounds will be invested (famous last words).
What is there not to like guys?
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Post by queenvictoria on Mar 16, 2017 20:46:03 GMT
And half an hour later my 242 Euro that has been lying idle for a few hours has been taken with 12% buyback loans so I am now fully invested. This seems to work for me. Am I missing something?
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Post by nesako on Mar 17, 2017 14:45:12 GMT
And half an hour later my 242 Euro that has been lying idle for a few hours has been taken with 12% buyback loans so I am now fully invested. This seems to work for me. Am I missing something? Did you leave it for the auto-invest to deal with or did you manually invest that 242 Euro? I also managed to get 12% yesterday, but damn that daily login does slightly bother me... Mintos offers 10.5% average these days, so lower, but money gets invested automatically without me needing to login daily. So it seems like you need to do some work to get that bit extra!
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Post by queenvictoria on Mar 17, 2017 15:02:34 GMT
And half an hour later my 242 Euro that has been lying idle for a few hours has been taken with 12% buyback loans so I am now fully invested. This seems to work for me. Am I missing something? Did you leave it for the auto-invest to deal with or did you manually invest that 242 Euro? I also managed to get 12% yesterday, but damn that daily login does slightly bother me... Mintos offers 10.5% average these days, so lower, but money gets invested automatically without me needing to login daily. So it seems like you need to do some work to get that bit extra! I did it manually. I'm not exactly sure how/when the autoinvest works but from the look of it I think it may be once a day at a certain time of the day. So you are right - to get the best results perhaps you have to do a bit of work although its not a bad idea to keep regular is it? (if you know what I mean !)
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Post by gmaxkenny on Mar 17, 2017 16:33:35 GMT
I have got nothing for ages on auto invest but the best time for manual investing seems to be late at night. The past few nights I have got 12% 13% an even a few 14%. They disappear very quickly though and its very hit and miss. I am withdrawing more than I am reinvesting as I find I have better things to do than checking back to see whats available so they should sort out the auto invest which should have priority over manual investing.
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