There are many p2p platforms where individuals can loan money for various reasons. Choosing the right one where you can meet honest and reliable individuals is important for financial success.
Mintos is a platform for loans between individuals and where they can register easily. If you want to know how you can invest strategically in Mintos, their return on interest and how to take advantage of personal and business loans on Mintos, read on.
Presentation of Mintos, the platform for loans between individuals
Mintos is regarded as the best peer-to-peer loaning platform in the world. Located in Europe, Latvia, it is modeled like most fin tech firms and offers excellent online financial services.
Mintos has four offices which are fully staffed with more than 200 personal. The offices are in Berlin, Warsaw, Vilnius, and Riga. It was launched around 2015 but has grown exponentially due to its transparency and simplicity. It has raised about €8 million from various investors like Alberto Pole, Algars Kesenfelds, and Maris keiss.
How to strategically invest in Mintos?
Investing in Mintos is simple if you follow the instructions diligently. Your first step is to open the auto-invest panel. When you select this feature, click on the button labeled auto-invest strategy. You could either choose an automatically configured strategy or manually configure it. If you choose the former, your returns may be smaller than if you manually select a strategy.
However, by choosing a customized strategy, you will get better returns and have better control. It is highly recommended choosing a customized strategy. When you select this option, you will need to choose the currency you want to operate it and your preference between fresh or old loan investment.
Select your preferred currency, e.g. EUR, and go to the market section. Here you can choose a primary or secondary market. Choosing the first means that you want to invest in new loans while the secondary market means investing in old loans.
What is the return on this platform?
Like other p2p platforms, Mintos has average returns for its customers. On their website, it states that 12.30% is their average returns. However, from personal experience, it varies between 11.67% and 12.50%. What is interesting about the platform is that they have a consistent return ratio, so you have nothing to fear. No matter the market volatility, their returns are good.
How to take advantage of a personal loan on Mintos?
Taking a personal loan at Mintos is easy if one can be disciplined.
- Clean up your credit
When taking loans at peer-to-peer platforms like. Mintos always have positive ratings and don’t have bad debts. Let your credit score be of good ratings.
- Don’t ask for too much money
When taking loans on this platform, avoid asking for too much capital as this will decrease your chances of getting loans. Take small loans that are easier to get and have a small interest.
- Find the perfect loaner
It is one thing to apply for loans, it is another thing to get a reasonable person to loan you capital. Always check the previous ratings of the loaner to avoid borrowing money from a dubious person.
Mintos, in its years of operation, has risen above its peers and become one of the best platforms online to solve your financial problems. Visit them today.