Using P2P Lending To Reach Financial Freedom

Mintos Loan Originators

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Mintos is the biggest P2P platform in Europe. They have over 170.000 active investors from 70 different countries. Furthermore, Mintos consistently has 400.000+ loans available for investment within 30 countries. 95% of all loans on Mintos comes with a buyback guarantee. Mintos’ 65 loan originators have a lot of different options to in terms of the investment possibilities. As an investor, you can invest in multiple countries, with different credit rankings, from low to high interest rates and in multiple currencies.

All of this is due to the hard work done at Mintos. They have developed their own “Mintos Rating”. This rating method is to rank the 65 different lending companies who are issuing loans on Mintos’ P2P lending platform. Mintos’ loan originators offers a lot of customization. You can get anywhere from 6% to 19% in interest per year. Furthermore, you can diversify across currencies, countries, loan types and between Mintos’ rating scores. Lastly, there are a buyback guarantee on a lot of the loans to secure your investments.

Snippet of Loan Originators on Mintos
Snippet of Loan Originators on Mintos

Quick Summary:

If you just want to implement the +13% interest strategy, you should add the following loan originators to your auto-invest: Banknote, Creditstar, ITF Group, Mozipo Group, Capital Service, ID Finance, IuteCredit, VIZIA, Sebo, Varks, ExpressCredit,, Dozarplati, Credius, Tengo, and Peachy.

Make sure that you only select loans with buyback guarantee.

What I Look At Before Investing With A Loan Originator on Mintos

For me investing is all about profit maximization. However, I will not compromise with the safety of my funds. Therefore, there are some specific details I look at when determining which loan originators should be in my portfolio.

First of all, I look into Mintos’ own rating of the loan originators. While I could go do a due diligence process for each of the loan originators, I feel like there is no need to invent the wheel. Furthermore, I look at the statistics from the different loan types and the loan originators associated with each of the loan types.

Then, I value a buyback guarantee more than almost any of the other criteria, so of course, that has to be a parameter for my portfolio as well. What I love just a bit more than buyback guarantees is accruing interest on delayed loans.

In the following sections I will describe how I use each of the criteria to select a high yielding portfolio, while having a relatively high safety from defaults (Never experienced a default using this strategy, with a year of investing on Mintos).

Mintos Rating of Loan Originators

Mintos has made their own “Mintos rating”. The ratings go from A+ and all the way down to D.

The rating is used to describe the state of the loan originator. It is a calculation of 5 factors: operating environment (10%), company profile (15%), management and strategy (15%), risk appetite (20%) and financial profile (40%).

Mintos Ratings of Loan Originators
Mintos ratings of loan originators

Their version of a rating system is much like i would conduct the due diligence myself anyway. Therefore, by following the four main categories (low risk, moderate risk, elevated risk and default) i can “measure” the risk i am willing to take.

I am only willing to be in a moderate risk.

Try and imagine you were to invest in stocks. The moderate category describes the maximum risk i am willing to take in a company. I would never invest in a company with financial distress, or not capable of recovering the losses. The overall performance for the moderate loan originators is stable, but with some variations.

Mintos Statistic for Loan Originators

While Mintos has already included this in their rating, I always take a look at the statistics from time to time. Mintos do update their ratings from time to time. However, I want to be on top of my investments. Therefore, I go to Mintos Statistics and scroll to “loan performance details”. In here you can expand the whole list to get a view of each loan originator in each type of loan.

Let me show you want I mean:

Mintos Loan Originator Statistics
Mintos Loan Originator Statistics

The numbers are shown in euro amounts unless you tick off the “percent” in the right corner of the table. This gives a more manageable outlook.

By clicking on the “+” or “” you get the statistics divided to each loan originator. This lets me know to what percentage of the loans are repaid by each loan originator under the different loan types.

Mintos Buyback Guarantee

For me Mintos loan originators have to include a buyback guarantee. If the loan originator does not include buyback guarantees I will not invest with them. The reason why is due to the message the loan originators are sending when they do not have a buyback guarantee. They are basically saying “We do not trust our borrowers to pay back the loans, therefore we will not risk our funds to buyback defaulted loans”. That is at least how I feel.

If the loan originators do not have a buyback guarantee, I feel like they do not do a good job of finding the right borrowers. Maybe they just lend money to anyone and therefore do not include buyback guarantees because they know people will not repay the loans.

Therefore, I always have a buyback guarantee. Oh, and also because I would like to get my money back if a loan is more than 60 days past due date.

Accruing Interest on Delayed Loans

The most important part of investing on Mintos for me is to have accruing interest on delayed loans. If you have ever invested on Mintos, you know that about 10%-20% will always be late. At writing this post, I have 17% late loans. However, I have never had a default.

When going to the Mintos loan originator details you get an overview of the extra “hidden” details. However, this is where the juice is at. The ONLY thing I look at here is “Interest income on delayed payments”. You should keep in mind that the grace period does not count as delayed. Therefore, you are not accruing interest when the loan is in grace periods.

Interest on delayed payments
Interest on delayed payments

Selecting loan originators which pays interest on delayed loans will make you earn significantly more. Consider that I currently have 17% of my portfolio only earning the initial interest, while the loans can extend for up to 60 days before being bought back. Now I earn interest on the loans until they are repaid, no matter how long it takes the borrowers to repay the loan.

All Mintos Loan Originators Who I Invest With

With the focus points I have just described i am investing with 41 loan originators. All of these loan originators have a rating of B- or above, pays interest on delayed loans, includes buyback guarantee and do not have some abnormal default/bad debt ratios.

Loan originatorMintos RatingLoan TypeCountries of loan originAverage Interest Rate
aasaA- and BPersonal loanPoland and Sweden9,9%
AkulakuB+Personal loan and short-term loanIndonesia10,6%
AlexcreditB-Short-term loansUkraine13%
AlfaKredytBShort-term loanPoland10,8%
BanknoteA-Personal loan, pawnbroking loan and short-term loanLatvia11,1%
BB Finance GroupA-Personal loanFinland8,2%
bino.lvB-Short-term loanLatvia12,5%
Capital Service S.A.B-Personal loanPoland12,9%
Cash WagonB-Short-term loanPhilippines, Indonesia and Vietnam14%
Cream FinanceBShort-term loan and Personal loanCzech Republic, Denmark, Latvia and Poland11,5%
CredissimoA-Short-term loan and Personal loanBulgaria8,9%
Credit StartBShort-term loan and Personal loan Spain, Poland, Czech Republic, Finland and Estonia 11,3%
CrediusB+Personal loanRomania11%
DineoB-Short-term loanSpain9,4%
Dineria.mxB-Short-term loanMexico14,5%
DozarplatiB-Short-term loan, Personal loan and Business loanRussia13,8%
Dziesiatka B-Personal loanPoland13,8%
EcoFinanceA-Invoice financingLithuania8,6%
ExpressCreditB-Short-term loan and personal loanBotswana and Zambia12,7%
IFN Extra FinanceBMortgage loanRomania12,4%
ID FinanceB+…B-Short-term loan and personal loanSpain, Mexico and Kazakhstan11,2%
itfB-Short-term loan and personal loan Bulgaria10,4%
iutecreditB+ Short-term loan, personal loan and car loanAlbania, Moldova, Kosovo and North Macedonia11,1%
KreditPitarB+Short-term loan and personal loan Indonesia12,8%
Kuki.plB-Short-term loanPoland12,9%
KvikuBPersonal loanRussia15,2%
LFTECHB-Short-term loanKazakhstan14,4%
LimeBShort-term loan and personal loan Russia13,3%
MetrokreditB-Short-term loanRussia13,4%
MikroKaptitalA-Agricultural loan and business loanRussia and Moldova13,3%
Mozipo GroupB-Short-term loan and personal loan Lithuania, Romania and Denmark12,7%
Cash 4 U nowB+Personal loanUnited Kingdom12,5%
PeachyBShort-term loan and personal loanUnited Kingdom12,8%
Placet GroupA-…B+Personal loanEstonia and Lithuania9%
RapicreditB-Short-term loan Colombia11,2%
RapidoB-Short-term loan and personal loan Spain11,3%
SeboB-Short-term loan and personal loan Moldova12,6
SimboB-Short-term loan Denmark12,7%
Tengo.kzB-Short-term loan Kazakhstan 13,9%
VarksB+Short-term loanArmenia12,9%
VIZIAA-Short-term loan and personal loanLatvia11,2

While this is all the loan originators available for investment in my portfolio many of them are not present in my actual investments.

Mintos Strategy With Interest Rate Adjustment

Each loan originator has their own spectrum of interest rates. Some provide around 8% on average and some provide 15% on average. However, it is best if the bad loan originators can be filtered out to only have high interest rates on the more stable loan originators.

However, to filter the poorer loan originators from the better the Mintos rating and buyback guarantee has to filter for me.

From the table above only the loan originators with above B- rating, buyback guarantee and accruing interest is included.

However, I prefer an above 12% interest rate. With the criteria I have set throughout this post I feel comfortable investing in the loans available. These criteria are specified in my auto-invest.

My three investment strategies
My three investment strategies

However, the loan originators who are actually in my portfolio with the interest rate adjustment is the following:

Banknote, Creditstar, ITF Group, Mozipo Group, Capital Service, ID Finance, IuteCredit, VIZIA, Sebo, Varks, ExpressCredit,, Dozarplati, Credius, Tengo and Peachy.

Remember that the list above has 41 loan originators available. However, with the interest adjustment, only 16 loan originators have made it to my actual portfolio.

This is the simple process I have used to cut down the amount of loan originators to being only the high yielding which are with ratings of B- or above and have a buyback guarantee. I am currently earning an actual 12,09% return, with a weighted average interest rate of 13,02%.

Mintos portfolio overview
Mintos portfolio overview
Mintos personal investments
Mintos personal investments

If you want to read a thorough walk-through of the Mintos P2P lending platform, you can also read my full review of Mintos.

If you are ready to invest on Mintos I can give you a 1% extra interest the first 90 days when you sign up through this link to Mintos.


While Mintos’ loan originators offer a lot of different investment opportunities you have to make a strategic choice on how safe you want your portfolio to be. I have given my investment strategy here and you are welcome to replicate the strategy to your own benefits. If you disagree with my strategy, please leave a comment below of what you have changed, or what you think of changing.

I hope you gained some insight on how to interpret Mintos’ loan originators. If you have any questions regarding my strategy, feel free to make a comment and I shall reply as quick as possible.

Explorer P2P has made their own rating for each loan originator on Mintos. You can check their rating if you want a second opinion on Mintos’ own rating system.

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