benaj
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Post by benaj on Oct 27, 2019 13:05:10 GMT
I opened an account in September. Like other investors already mentioned, Flender offers great cashback for new investors and refer-a-friend. 5% cashback on first 30 days investment.
My observations after first 50 days:
- loan pipeline is similar to Proplend, investors receive notification when a new loan listed on the market, invested 1 loan within 50 days.
- Can be funded by bank transfer / instant debit card
- Received my 5% cashback already within first 30 days
- No buyback / No Secondary market
- Irregular repayment schedule for some loans. Monthly most of the loan term with some slightly longer repayment in between.
- Minimum investment is 50 Eur
- Awaiting my first repayment to see real loan performance.
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Ace
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Post by Ace on Oct 27, 2019 16:29:44 GMT
I opened an account in September. Like other investors already mentioned, Flender offers great cashback for new investors and refer-a-friend. 5% cashback on first 30 days investment. My observations after first 50 days: - loan pipeline is similar to Proplend, investors receive notification when a new loan listed on the market, invested 1 loan within 50 days. - Can be funded by bank transfer / instant debit card - Received my 5% cashback already within first 30 days - No buyback / No Secondary market - Irregular repayment schedule for some loans. Monthly most of the loan term with some slightly longer repayment in between. - Minimum investment is 50 Eur - Awaiting my first repayment to see real loan performance. Sorry benaj , but I don't understand the highlighted comment. Did you really only manage to invest in a single loan in 50 days? Or am I misunderstanding / being stupid?
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benaj
Member of DD Central
Posts: 4,135
Likes: 1,348
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Post by benaj on Oct 27, 2019 16:52:30 GMT
There were about 3 loans listed, but I invested 1.
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Post by df on Oct 27, 2019 17:55:21 GMT
I opened an account in September. Like other investors already mentioned, Flender offers great cashback for new investors and refer-a-friend. 5% cashback on first 30 days investment. My observations after first 50 days: - loan pipeline is similar to Proplend, investors receive notification when a new loan listed on the market, invested 1 loan within 50 days. - Can be funded by bank transfer / instant debit card - Received my 5% cashback already within first 30 days - No buyback / No Secondary market - Irregular repayment schedule for some loans. Monthly most of the loan term with some slightly longer repayment in between. - Minimum investment is 50 Eur - Awaiting my first repayment to see real loan performance. Sorry benaj , but I don't understand the highlighted comment. Did you really only manage to invest in a single loan in 50 days? Or am I misunderstanding / being stupid? I read it as benaj has chosen to invest in one loan only. I might be wrong  but that's what I would do if I wanted to test drive a new platform and/or receive bonus - invest as little as required and observe for a while before making any further advance. Like some people invested £1 in FS 30-day product - for research/experience purposes rather than profit (or loss is probably a better word for it because they were no under illusion). Just had a quick look at Flender's marketplace - looks similar to Rebs
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benaj
Member of DD Central
Posts: 4,135
Likes: 1,348
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Post by benaj on Mar 9, 2020 9:25:32 GMT
Update:
Despite the initial cash drag when I opened my account in September last year, my XIRR (excluding 5% bonus) after 180 days is 10%+. Loan deals have been improved in Feb.
According to Flender, they have lent out €21.9 Mil and 5141 lenders registered since 2017. Most loans listed on the marketplace are below €50k mark in the last 180 days, the smallest "catch" is just over €12k, IMO, achieving €21.9 Mil mark @ this rate is just unbelievable.
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but that's what I would do if I wanted to test drive a new platform and/or receive bonus - invest as little as required and observe for a while before making any further advance. Like some people invested £1 in FS 30-day product - for research/experience purposes rather than profit (or loss is probably a better word for it because they were no under illusion).