Does anyone here have experience with P2P loans through Mintos?
Hello everyone,
I wanted to try out the P2P platform Mintos. I invested €50 to test it out.
So far, everything's been going well. I'm getting about 9% interest, and theoretically, I'd be happy.
What bothers me:
I now have some loans with terms of just a few months, and I have loans with terms of several years. I'm actually reluctant to have my money invested in them for several years. Especially not if the terms vary – because by the time the long-term loans are paid off, the money from the short-term loans will have long since been reinvested in new things, and I'll have to wait again. Getting out of them isn't exactly easy.
Is there any way to set how long the loan terms can be?
Or can I somehow get the money back in long-term loans?
I'm not asking about my €50, but rather whether I would continue to invest there in the future or not.
P2P isn’t my area, but the YT channel “Northern Finance” has already dealt with it more often – especially with Mintos.
Since the P2P-Infos do not interest me, unfortunately not much is left with me. If I wasn’t very wrong, there was an investor-unfriendly change at Mintos. But look at yourself.