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Best P2P Lending Platforms in Europe (October 2019 Update)

Last Update: / by Marco Schwartz

Peer-to-Peer lending is one of my favorite ways to invest money, especially because it can be completely automated and the returns are great. I am often asked what are my favorite platforms to invest in, which is why I decided to write this article in which I'll tell you what are my four favorite Peer-to-Peer lending platforms.

You will notice that all of those platforms are located in Europe. Indeed, as a European resident, I can't, for example, invest in platforms in the US, and I am of course only recommending platforms I am using myself. However, most of those platforms accept investors from outside of Europe. Here is an overview of my current top four platforms in Europe:

Mintos
Yield
11.91%
Rating
Buyback Guarantee
Auto Invest
Secondary Market
Fast Invest
Yield
12.41%
Rating
Buyback Guarantee
Auto Invest
Secondary Market
Grupeer
Yield
13.19%
Rating
Buyback Guarantee
Auto Invest
Secondary Market
Bondora
Yield
13.31%
Rating
Buyback Guarantee
Auto Invest
Secondary Market
#1 - Mintos

The first platform that I wanted to mention in this article is Mintos. Mintos is currently the largest Peer-to-Peer lending platform in Europe, and offer a huge amount of loans to invest in. This makes it a really interesting platform to invest in, as it gives you exposure to several countries and several kinds of loans in each country. That's instant diversification on a single platform. The platform also offers solid returns to investors, around 12%.

On top of that, the interface is really easy to use, and they also have a great portfolio manager so you can set everything once and then just let it invest for you. A large portion of their loans is actually also protected by a buyback guarantee, meaning that even if somebody stopped paying back a loan you will still get your money back.

As for all platforms in this article, I've been investing personally on Mintos (since 2015). Here is a graph showing my accumulated gains from Mintos since I started investing:

Mintos

As you can tell, I got solid returns from Mintos since I started investing more than 4 years ago. I currently have a solid yield on the platform at nearly 12%, and my money is safe as I invested only in loans with buyback guarantee. Therefore, I definitely recommend Mintos as the best European Peer-to-Peer lending platform. It's the ideal platform to start an investment portfolio or to add to an already existing portfolio.

Mintos Pros
Buyback guarantee on most of the loans
Huge amount of loans available
Really easy to diversify
Auto-invest function
Secondary market
Mintos Cons
Auto-invest function sometimes slow to react
#2 - Fast Invest

The second platform I wanted to mention here is Fast Invest. They propose high-quality loans that come with a buyback guarantee, so it's a really safe platform to invest in. As of 2018, they have been active for 3 years, and also have been profitable which is very good sign of stability in the future. What makes Fast Invest different from the other platforms inside this article is that they usually propose loans with quite high yields (above 14%), so it's a great addition to your portfolio to raise your average return on investment. You can also completely automate your investments, so Fast Invest is also a platform where you can make completely passive Peer-to-Peer lending investments.

I've been investing on Fast Invest since 2018, and never had any issue with the platform. Here are my accumulated returns since I started to invest on the platform:

Fast Invest

As you can tell, Fast Invest has been delivering consistently since the beginning, and I really recommend it to put in any investment portfolio.

Fast Invest Pros
Great returns
Buyback guarantee on every loan
Easy to use auto-invest function
Great user interface
Fast Invest Cons
No secondary market so far
#3 - Grupeer

The third platform (and the one I like more and more these days) I will mention here is Grupeer. Compared to other platforms, some of the loans available on the platforms are attached to real estate projects, for example, renovating a building. This makes it really interesting, as you can invest in 'typical' P2P lending loans but also directly in real estate development projects. Those real estate investments are actually listed on a separate page, so you can really get a lot of details about each of them before investing.

As for other platforms in this review, Grupeer also proposes a buyback guarantee on most of the loans present on the platform, which is something very nice to have as an investor. There is also a cool auto-invest feature, that is easy to set up and that can both invest in Peer-to-Peer lending loans as well as in real estate projects, to quickly obtain a diversified portfolio. Grupeer also has a very clear and easy to use interface, and excellent customer support that solved some issue that I had in a matter of minutes.

I've also been investing personally on Grupeer since 2018, and here is a graph showing my accumulated returns on the platform:

Grupeer

Similar to the first two platforms, I had solid results since the beginning on Grupeer, and therefore I really recommend having this platform in your portfolio.

Grupeer Pros
Great returns
Auto-invest function
Buyback guarantee on all loans
Real estate projects
Grupeer Cons
Sometimes limited loan volume
#4 - Bondora

The last platform I will mention here is Bondora, which is actually the first platform I ever invested in. Based in Estonia, this platform was for a long time the biggest platform in Europe outside of the UK. It has a very nice interface, a lot of loans available, and also an excellent portfolio manager that allows you to choose your level of risk and automatically invest for you. This makes it an excellent platform and I believe you should definitely allocate some part of your P2P lending investments on Bondora.

There are two things that I, however, don't like so much about Bondora. The first thing is that there is no buyback guarantee on the loans proposed by Bondora, therefore exposing you to more risk compared to other platforms like Mintos. However, the returns are usually higher than other platforms. The second thing I don't like that much is that there is no way to invest by hand, you need to use their portfolio manager. However, the portfolio manager is working very well and has given me consistent returns since the time I started investing on Bondora back in 2015. Here are my accumulated returns on the platform so far:

Bondora

Except for some little issue at the start of 2019 (due to a bad setting on my side in the portfolio manager), I only had solid returns with Bondora. Therefore, I recommend it as well as a solid platform to put in any portfolio, given that you select safe settings in the portfolio manager.

Bondora Pros
Solid returns
Various settings for auto-invest
Great loan volume
Bondora Cons
No buyback guarantee

Those four platforms are really my favorite, and as you can see in the details of my portfolio I currently have investments in all of them. People often ask me which is the number one platform that they should invest in. It's difficult to really give an answer as I recommend diversification in several platforms, but I systematically answer Mintos as my favorite platform to get started in Peer-to-Peer lending investment. The platform is easy to use, most of the loans come with a buyback guarantee, and also they are always diversifying into more and more countries & loan originators. So definitely my number one pick when it comes to Peer-to-Peer lending.

Do you also have a favorite platform for P2P lending investments? Do you agree with my selection? Don't hesitate to comment below!

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giovani a day ago
We provide loan funds to all , with an interest rate of 3% for individuals, companies and corporate organizations in accordance with terms that are clear and easy to understand. Contact us today by email: [email protected] with the following 1) Full name: ………… 2) Status: …………… 3) Name: ……………… 4) Country: …………… 5) Gender: ………………… 6) Marital status: ……………… 7) Occupation: ……………………… 8) Monthly income: …………………… 9) Loan amount needed: ……………… 10) Purpose of the loan: …………… For more info and application application contact us via email : [email protected]
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Eric a day ago
Do you need a loan to pay rent/pay bills,start a business or fund a project? You can contact this loan finance where me and my partner got our loan from ([email protected],com
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Marekpepic 12 days ago
Are you in need of personal or business loan? Contact marekpepic for help, loan consultant within 30 minutes approval with 100% guaranteed via email: [email protected]
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Gabriele a month ago
Secondary market on Grupeer? https://www.grupeer.com/secondary-market
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Marco Schwartz Gabriele 16 days ago

Updated the article :)

Fillip 2 months ago
A really good review for the Mintos platform - https://colminey.com/torch-report-mintos/
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Roderik 2 months ago
I am a bit surprised to see that if these are your 4 favourite platforms it doesn't really line up with your allocations. You allocate only a small part of your crowdlending portfolio to Grupeer and Fast Invest, compared to much larger allocations in Property Moose and House Crowd (which did not make it into this top 4 list). What is the reason that your allocations are so different, or is the money stuck in these platforms and you are currently less happy with them?
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Marco Schwartz Roderik 2 months ago

Hi Roderik, basically in this article I only talk about Peer-to-Peer platforms focused on consumer loans, which is why Housers or Property Partner don't appear. You can actually find them on my other article: https://marcoschwartz.com/best-real-estate-crowdfunding-platforms

Alfredo 3 months ago
About Fast Invest, in MoneyBack Guarantee they say " it’s important to note that whenever you sell a loan ahead of time, you lose all the interest accrued so far. You will only receive the full amount of the initial investment. The MoneyBack Guarantee icon indicates those payments that have been secured by our Moneyback Guarantee. How they do that? If the money is credited on your account every month and you withdrawal it, how they take the money they already give?
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Marco Schwartz Alfredo 2 months ago

Hi Alfredo, in the case there is not enough money on your account to cover it they will block money on future earnings.

Lars Woetmann Pedersen 5 months ago
You must be joking, so many people have lost money on Bondora because of the high default rates and you still rank it in the top 4???
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Marco Schwartz Lars Woetmann Pedersen 3 months ago

Hi, I believe many people lost money on Bondora by investing in high-yielding loans that all defaulted. I suggested, however, to use the platform by investing only in the best-rated loans, or via Go & Grow. With this approach, I believe Bondora is an excellent platform to invest on.

Nicola 5 months ago
Do you really like Bondora? when did you start investing with them? I have a lot of doubts regarding their underwriting process, using the platform since 2015.
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Aivaras 5 months ago
Hello Marco, first of all, let me thank you for all the effort you did to investigate and test all platforms. My question about Bondora. I heard that now only Go and Grow is available. But which plan you use? how many % interest? Because I tried to find more information - many users taking money back from Bondoros now. Only withdraws, no reinvest. Have you heard anything about this?
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Cyril 8 months ago
Hi Marcos, i was wondering if you have come across the platform called Funding Circle and what are your thoughts on it.
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