My Objective Mintos Review After 12 Months Of Investing

Disclaimer: Investing always comes at a high risk – you can lose everything you have invested, and you might have a different experience with Mintos that I have had. At the time of writing, I am NOT affiliated with the Mintos platform (other than using an account for investing there), but I might be in the future.

Due to the popularity of this post, I have decided to become an affiliate with Mintos. This means that if you sign up for Mintos using this link, we both receive a 1% bonus of the investments made in the first 90 days. I wrote this post at a time when I was NOT affiliated with Mintos, thus the review is still my personal opinion and not sponsored by Mintos.

Earlier this year, I wrote about my thoughts on peer-to-peer lending and specifically my experience on the Mintos platform. If you are curious about the potential returns and risks involved, read that post first.

I started investing on the Mintos platform on 7 September 2016. This means that I have now invested on for a year.

I think this enables me to give a good and independent review of Mintos.

My review of the P2P lending platform

A year ago I invested 2,000 EUR in the platform – mostly as an experiment as P2P lending was the new hot thing everybody talked about (hello there, cryptocurrencies in 2017!).

In conclusion, my experience on the Mintos platform has been really good! I have made a solid return and not lost a single cent on defaulted loans.

However, I must admit that after setting up the account and frantically following the progress for the first few months, I have barely looked at it since.

Once a month, I have checked the progress. I have ensured that I got the return I was expecting and made sure that my auto-investment settings have not gone rogue on the investments in the past month.

From the first 12 months of investing, I have on average generated a net annual return on 10.92% across all loans! I think this is amazing! You won’t be able to find a return like this many places in today’s economy:

As you can see, in the beginning I did a few secondary market transactions. I did this because it was hard to find good loans with high interest rates in the primary market.

This means that I paid some fees upfront to other investors to overtake loans with good interest rates. These fees are included in the net annual return calculation.

Today, however, I am not having any trouble with getting good loans. Scroll down to the end of the article if you want my auto-invest settings to get this.

The initial pool of 2,000 EUR has grown with 10.92% to 2,215 EUR. All of the returns have been re-invested (except 7.60 EUR, since 10 EUR is the minimum amount to invest per loan):

What about taxes I hear you say? That is not included in the net annual return of 10.92%, so the actual return once the year is over will be lower for me.

In Denmark where I live, I will have to pay 34% in taxes on the interest. This means that my actual net annual return after taxes will be 7.21%. Still a pretty good return in today’s economy?

High returns usually come with high risk, and this is also the case in P2P lending

I only buy loans that have a buyback guarantee, which means that I am not exposed to individual defaults. However, I am highly exposed to defaults by the loan originators on Mintos or a default by Mintos itself.

To date there has only been a single loan originator on Mintos that has had financial trouble to my knowledge, but it is a real risk to be aware of.

I am spreading my investments across many different loan originators to minimize the risk of them defaulting.

Will I invest more in Mintos?

Hell yeah! I have decided to have 20% of my portfolio in P2P lending – and for now, that is only on Mintos.

However, I might diversify even further and consider competing European peer-to-peer lending platforms like TWINO in the future.

I will not risk more than 20% of my portfolio on peer-to-peer lending, so the rest is allocated to stock and bond index funds – and a bit in cryptocurrencies for fun.

Breakdown of my Mintos investments

I am currently investing in 272 loans on Mintos, and they have very different characteristics.

Mintos investments: Country breakdown

As you can see, I am currently mostly exposed to loans in Eastern Europe, specifically Poland, Latvia and Lithuania. I am trying to make it even more diversified with some Scandinavian and African loans as Mintos has just started offering.

Mintos investments: Loan types breakdown

I am currently investing in all types of loans, but my auto-invest settings have led to the distribution above. I was a bit surprised to see that car loans was the biggest one, but I believe it is a fine mix for now. However, I will keep an eye out for this in the future to make sure I am diversified.

Mintos investments: Interest rate breakdown

I am currently invested in loans with widely varying interest rates, although the majority is at 13%. The weighted average across all of the loans is 11.73%, so my net annual return should increase in the coming year.

Mintos investments: Time to maturity breakdown

I am investing in loans with up to 26 months of repayment schedule, which means that I cannot withdraw my money in that time (except if I sell on the secondary market).

Mintos investments: Loan status breakdown

Most of my investments are on schedule and people are paying on time, but some of the loans are late in payment.

However, I don’t really care about that, since I only invest in loans with a buyback guarantee – and I get the interest covered there too.

My auto-investment settings on Mintos

I am probably stupid for sharing auto-investment settings, however, these are the ones that I am using to generate a good return on Mintos, and most of my loans come in with interest rates at above 13%:

I have prioritized them, so the auto-invest function first goes after high interest loans before trying loans with lower interest.

By doing this, you can see that most of my investments are done in +13% interest rate loans and some in +12%, but to date none of them in loans below that.

There’s a few other settings that I have chosen as well:

  • Buyback guarantee on all loans (therefore I don’t care about LTV)
  • All countries
  • All types of loans
  • All loan originators (except one that I am too highly exposed to)
  • Full amortization method
  • Maximum investment of 10 EUR
  • Re-investing (yes!)
  • Not including loans I have already invested in

That’s it for my Mintos review after 12 months of investing. I hope you can use some of it as an inspiration for your own peer-to-peer lending adventure!

Do you invest in peer-to-peer lending? Which platform(s) do you use?


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  1. Hi! Thanks for the info! I am wondering about how you do to invest in different countries/currencies? Don´t you have to convert money to the different currencies before you invest? how do you manage to automatically invest in any currency?

    1. Hey David! I invest in different countries through the autoinvest option, but I only invest in EUR, which means I don’t convert/exchange money on the platform. To be honest, I don’t think you can autoinvest across multiple currencies except setting up many different autoinvest options and having different currencies on the platform.

  2. Nice article Carl. I’m getting curious and will consider P2P lending myself in the future. It seems like you’ve had a nice return of your investments so far. I’d like to see an update at some point.

    Btw. are you still working on a Copenhagen meetup for the FIRE interested?

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