I’m switching from Twino to Mintos

Twino vs. Mintos

Twino vs. Mintos

Twino has been serving me well over the past 1½ years. I have been able to get a 13.58% Return (XIRR) since I started. About 6 months ago the interest rates started dropping from 13-14% to 12% and now 10-11%. On top of that, the 11% loan availability has been relatively low. If you only use the Auto-Invest setting, often the funds will not be reinvested for several days. I have not been overly happy with that, given the large amount invested.

Why Mintos?

I’m moving my funds to Mintos because they offer higher loan volumes and higher interest rates. 14% interest rate with buyback guarantee is not uncommon at all. Additionally they’re offering up to 5% cash back on all long-term investments made in December. Click here to read the official blog post. Investing 10.000€ will give me an extra 500€ right off the bat. Not bad!

If you use my referral link, you will get an additional 1% on all investments made in the first 90 days. If you have not yet invested in Mintos, this is a very good opportunity to get started.

Click here to register with Mintos today

But what about my children’s savings account?

I used Mintos as my children’s savings account. I like to have their funds in a separate account so things doesn’t get mixed up. Now that I’m moving to Mintos , I will use Twino for my children’s savings.

To compensate for the lower interest rates, I decided to leave 1.600€ on Twino to them. They had just below 1.200€ on Mintos so the extra 400€ is a nice little addition to their long-term investment. The Twino portfolio now consists of 1.100€ defaulted PG loans, 300€ loans with buyback guarantee and 200€ good performing loans without buyback guarantee.

The law of polarity

One of universal laws is the law of polarity, or law of opposites as some likes to call it. There’s always two sides of the same coin. When something is bad, by law, something must be equally good.

The good thing about low loan volume on Twino is the high liquidity on the secondary market. I was able to liquidate me and my sisters accounts, close to 17.000€ in loans combined, in a couple of hours. There is no fees for selling on the secondary market. Those things combined made the partial exit from Twino a very smooth experience.

6 Replies to “I’m switching from Twino to Mintos”

  1. Mintos deal sounds good. Do you know when do you get the money back if a long term investment with a buy back guarantee defaults?

  2. Hi Teemu,

    It’s a very good deal indeed.

    If a loan with a buyback guarantee is delayed by more than 60 days, the loan is automatically bought back by the loan originator from the investor at the nominal value of outstanding principal, plus accrued interest income.

    1. Yes, I received some cash back already. The cashback will be transferred to your Investor’s Account on Mintos within six working days from the day you make the investment.

  3. Hello,

    I wanted to share some information about the platform iuvo. I think this is kind of scam because:

    All loans on the platform have a so-called buy-back guarantee. This means that the loan originator has committed to purchase the loan from the investor at nominal value in case the borrower defaults.

    BUT, you don’t get interest in the period when a loan is delayed !!! That means: the loan originator earns interest and investor NOT.

    If an investor invests in a delayed loan then NO interest is paid. A lot of things are questionable here!

    You can find more information in User Terms -> Conclusion and execution of the of the Assignment Agreement and especially Assignment Agreement, General terms and Conditional, Buyback and re-transfer of the Claim.

    You can find this documents in the footer of website before log in and in “i”-> Legal Conditional after log in.

    In the Loan details you can find text “This loan comes with 100 % Principal. Originator will buy-back from investors every loan that is 60 or more days delinquent.”

    You conclude Assignment Agreement for every investments on the platform. You can find the document in “My investments” and see buy back guarantee type – 100.0 % principal, 0.0 % interest.

    1. Hi Sandeep,

      Thanks for sharing your experience with Iuvo. I haven’t heard about them before. I see they’re from Estonia. Do you know when they were founded?

      It sounds like their buyback guarantee is different from most other p2p platforms. Maybe you should write them an email and encourage them to highlight the rules for the buyback guarantee.

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