Platforms with very short lending terms

ozaz

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Platforms with very short lending terms May 28, 2017 12:34:16 GMT

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Post by ozaz on May 28, 2017 12:34:16 GMT

I'd like to gather a list of P2P lending platforms which provide opportunities to invest with very short lending terms (and I'll define that as 3 months or less)

I am aware there are several platforms that provide early access opportunities on longer term loans (sometimes with a fee) and secondary markets. But these depend on 'normal market conditions'. I'd like to exclude these types of options from this discussion and focus on opportunities where the lender terms are structured to guarantee relatively short term access or where the underlying loans themselves are very short.

Thus far I know about

UK
- Growth Street (1 month lender contracts)
- MarketInvoice (1-3 month loans)
- The Money Platform (0.75 - 3 month loans)

Continental Europe
- Mintos (very wide range of loans, including many 30 days or less)
- Investly (~1 month loans)

I am aware there are specific risks of short term loans, as is currently being discussed on another thread
Here I would like to focus on the options.

I'd be grateful if you could contribute additional options you are aware of.

Thanks

Last Edit: May 28, 2017 12:34:56 GMT by ozaz

ozaz

Posts: 36

Likes: 15

Platforms with very short lending terms May 28, 2017 13:07:28 GMT

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Post by ozaz on May 28, 2017 13:07:28 GMT

May 28, 2017 12:47:36 GMT @leopardcat said:

I am not familiar with the platforms that you have mentioned.

I guess you need loans that are not allowed to go on and on, despite having a short due date eg Ly and FS.

From the platforms that I use both MT and COL occasionally have short term loans on the PM, but you can but into shorter dated loans on the SM. The reason that I mention these 2 is that you do not have to renew if the loan is extended and have an (almost ) certain get-out.

Thanks.

I assume Ly means Lendy. Their loans seem to be 6-12 months. I don't have a Funding Secure account, but I assume they are the same?
I'd like to focus on platforms have 3 months or lower terms.

I am considering partially making use of secondary markets to pick up longer loans close to the end of their terms. But based on my experience with Lendy I'm getting the impression that property development loans have a tendency to late repayments, so suspect its not a good idea to pick up a lot of those near the end of their terms.

am

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Platforms with very short lending terms May 28, 2017 14:02:28 GMT

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Post by am on May 28, 2017 14:02:28 GMT

I expect that Platform Black ought to be on the list - last I looked it was in the same space (invoice financing) as Market Invoice.

If I've understood commentary on the BondMason board correctly Bondmason also gives access to invoice financing loans, presumably on one or the other of the above.

Some platforms have minimum investment limits, and therefore might not meet your needs on that ground.

wiseclerk
Editor of P2P-Banking.com

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Platforms with very short lending terms May 28, 2017 15:05:31 GMT ozaz likes this

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Post by wiseclerk on May 28, 2017 15:05:31 GMT

ozaz,

there more than a dozen of other ones, escpecially in the Baltic, e.g. Viainvest, Lenndy, Viventor, Savy, Swaper, Twino, Iuvo, ...

www.p2p-kredite.com/fuer-anleger-vergleich-der-marktplatze-fur-p2p-kredite?fwp_laufzeit=0.00%2C3.00

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Platforms open to internat. investors: www.p2p-banking.com/find-your-platform
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