Another month has passed, so it’s about time for an update of my P2P lending income!

This time, I’ll be showing you my numbers for the month of January 2019. Once again, I’ll show you exactly how much money I have invested on each peer to peer lending platform, my deposits & withdrawals and of course, my returns for the month.

Let’s get started!

January 2019 Overview

Platform Income IRR Invested Value
Bondora G&G 9,41€ 6,62% 953€ 1.038€
Envestio 84,88€ 21,68% 3.920€ 4.139€
Grupeer 10,68€ 10,82% 1.000€ 1.025€
Iuvo Group 39,5€ 20,23% 3.500€ 3.713€
Mintos 18,38€ 9,96% 2.975€ 3.035€
FastInvest 1,04€ 9,32% 250€ 251€
Total 163,89€ 15,15% 12.598€ 13.200€

Taking a closer look at my returns

My income from my investments in crowdlending for January was 163,89€ (+31,43€ more than last month). That’s a whopping 23,73% cashflow increase compared to December! That means I reached 10,93% (+2,1%) of my first goal (1.500€ monthly income from investments). 

Bondora

Not much to say here. I’m still exclusively using Bondora’s Go & Grow product, which ‘only’ delivers up to 6,75% interest per year, but offers me instant liquidity, as I can withdraw my money at any time. That’s exactly what I did last month. I withdrew 1.000€ from my Go and Grow account, as I needed the money for an upcoming trip. Within one to two days it was back on my bank account, which I find very convenient. Because of my withdrawal, Bondora generated slightly less interest (9,41€) in January. Here is my Go & Grow review, in case you’re interested.

Envestio

As you’ve probably seen in my recent review, Envestio offers some of the highest interest rates in the P2P lending space (15-22% p.a.) with a buyback guarantee. So far, interest as well as principal was always paid on time and in full. I hope it stays that way! As of right now, there is still a shortage of loans, but I always manage to fully reinvest the interest I receive within a couple of days. Make sure to check your mail on a regular basis, as they send out an e-mail as soon as a new offer is available.

My income from Envestio keeps climbing higher. I received 84,88€ (+18,71€ compared to last month) in interest in January. The platform has now become my number one performer with an internal rate of return of 21,68%! That’s the power of compounding (re-investing my returns) as well as the extra 0,5% I received on my investment.

You can get a 5 Euro Bonus on your first deposit (100€ or more) + 0,5% cashback on all your investments during the first 270 days if you sign up via my link here. And feel free to check out my full review, if you haven’t already.

Grupeer

My Grupeer investments are performing well and my interest income is slowly increasing. The platform now has way more available loans compared to a couple of months ago, which I’m very happy about. I like the interest rates Grupeer offers (13-15%) and the buyback guarantee, so I’ll probably increase my investment in the future, now that I’m able to better diversify my investments on the platform. My income from Grupeer was 10,68€ (+5,15€) last month. 

Iuvo Group

Iuvo Group keeps performing very well and generates more interest month after month. I received 39,5€ (+6,23€ compared to December) in interest in January. These are still the reasons why they are my second biggest investment (after Envestio) with a total invested sum of 3.500€:

  • Up to 15% interest per year with a buyback guarantee and no shortage of available high-interest loans
  • 30-90€ Bonus on your first investment (of 1.000-2.500€) through their refer-a-friend program, which is an instant 3-3,6% cashback on your money. Here is how.

A couple of you guys reached out to me for a referral last month. I hope you’re as happy with your results as I am so far!

Iuvo Group also added a new Loan Originator, KFP, last month. They offer business loans in Poland with an interest rate of 12,2-12,3% per year and a lower ‘B’ risk rating. I’m considering adding them to my portfolio for extra diversification in the future. 

Note: Oct 8 shows the 90€ refer-a-friend bonus

Mintos

I deposited an extra 1.475€ to my Mintos account in January, increasing my total deposits on the platform to 2.975€.

Here is why I increased my investment: Mintos is one of the largest, most respected P2P platforms worldwide. They offer an enormous number of loans with a buyback guarantee, issued by many different loan originators from all over the world (and different currencies if you like that – I stick to EUR loans). As a result, I’m able to diversify my investment very widely within a single P2P lending platform.

My January income from Mintos was 18,38€ (+2,13€). I’m expecting my Mintos cashflow as well as my internal rate of return to increase over the coming months, as most of my investments only start paying out interest after a month or more. If you want to give Mintos a try, you can get a 1% bonus on your investment by signing up via my link.  

FastInvest

I also invested a small amount (250€) in another peer to peer lending platform, FastInvest, in mid January. They offer consumer loans in Denmark, Spain, Poland and the UK with an interest rate up to 15% and a buyback guarantee. I felt like trying it out after reading a couple of reviews from other bloggers.

Still, I don’t fully trust this platform yet, as they haven’t disclosed their loan originators. As a result, I likely won’t be increasing my investment until there is more transparency. Other than that, the platform seems intuitive and I received my interest payments (1,04€ so far) on time.

See you next month!

That’s it from me. I hope you enjoyed reading my P2P income report for January! Is there any platform I’m not invested in that you really like? How were your results last month? I’d love to know in the comments!

2 Comments

  1. Hello, do u think investing in p2p is worth for me ? I’m new to investing. I would like to invest about 500 euros with single payment and then increase it by about 100 euros every month. I would like to get into investing but dont know if its worth with such a small sum. In 12 months I could have a nice amount invested but will the p2p sites still have such interest rates (12% +) ? Or should I just use Robo advisor and be done with it ? Idk If u will actually answer me because its kinda out of the blue but its worth trying and this post is really useful with the income per month. Good job.

    • Luigi Reply

      You have to make that decision for yourself, but personally I wouldn’t put all my eggs in one basket (only P2P). I would do a 50:50 split between P2P and an Equity ETF (like the MSCI World) or a Robo Advisor (if the fees are below 0,25% per year, otherwise just buy the ETF yourself). You could easily automate that via the AutoInvests on P2P platforms and most brokers offer free investing plans as well for ETFs. But yes, I do expect the average interest rates to stay at or above 12% for the foreseeable future for crowdlending 🙂
      Thank you for the kind words!

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