I love to diversify my Peer-to-Peer lending investments on as many great platforms as possible, which is why I constantly try out new platforms with my own money, and then publish a review of on this website.

In this article, I will review a Peer-to-Peer lending platform called Debitum. I will tell you what returns you can expect from the platform, what are the key features of the platform, and finally also share with you my latest results with the platform. Let's dive in!

What is Debitum?

Debitum is a Peer-to-Peer lending platform based in Riga, Latvia. It acts as a marketplace that connects loan originators to investors. The platform launched in 2018 and now has over 1800 investors on the platform. Over 4.5 million worth of loans has been funded since the launch of the platform.

One thing that I really like about the platform is that they are constantly improving, for example on the interface side which is very nice to use. They recently launched a version 2.0 of the platform, which is the one I will be using for this review.

Review of the Peer-to-Peer Lending Platform Debitum (Updated 2019)

They mainly focus on short-term loans backed by assets, and some of the loans come with a buyback guarantee (more about that later). For now, four loans originators are present on the platform, and they plan to add much more in the months to come.

As for all the platforms I review, I also got in touch with their team directly, not only to check if they are helpful but also to make sure there is an actual business behind the website. I can say that I had a really nice experience speaking with their team, and the people I talked to were very nice and always ready to help.

What Returns Can I Expect From Debitum?

Debitum advertises an average 9.95% interest rate on the platform and their loans interest rate usually go from 7 to 11.5%. My current estimated yield on the platform is at 10.12%, having invested on the platform since December 2018. However, I see constantly the interest rates of loans improving, with more and more loans in the 10 - 11.5% range.

Is it Safe to Invest on Debitum?

As I mentioned before, Debitum acts as a marketplace for independent loan originators, and so far all of the loan originators present on the platform have paid principal & interests on time. What I of course recommend is to invest in all of the loan originators in order to have a diversified portfolio on Debitum, and also invest in new ones as they will be added to the platform.

You also have a buyback guarantee on most of the loans (more about that later in the review), which I really recommend using in your portfolio to protect your money in case a borrower doesn't pay back.

Buyback Guarantee on Most Loans

As I mentioned before, there is a buyback guarantee on most loans of the platform, which is usually for 90 days (meaning that if a loan is late for more than 90 days, you will get the principal back from the loan originator). It is indicated on each loan by a little shield icon:

Review of the Peer-to-Peer Lending Platform Debitum (Updated 2019)

As for all platform I invest on, I really recommend to only invest in loans protected by a buyback guarantee, in order to protect your investment.

Setting Up the Auto-Invest Function

Like most Peer-to-Peer lending platforms, Debitum has an auto-invest function, so you don't have to manually invest in loans. It will basically automatically do the invest for you, according to criteria that you can define within the interface. 

Debitum proposes three default auto-invest settings that you can use straight away:

Review of the Peer-to-Peer Lending Platform Debitum (Updated 2019)

However, I actually didn't use any of those, as I always recommend using your own settings. Here are the settings that I used for my own portfolio on the platform:

Review of the Peer-to-Peer Lending Platform Debitum (Updated 2019)

I basically decided to invest in all loans with an interest rate above 10%, with a buyback guarantee, and on all loans originators. This allowed me to have enough loans available for the amount I invested on the platform, and with a good enough interest rate (10% is the minimum I aim for with my Peer-to-Peer lending investments).

How to Start Investing on Debitum?

Starting to invest on Debitum is really simple: you can just make a bank transfer to the platform with the bank details provided by the platform. You can do the transfer in Euros, Pounds, or US Dollars. I for example used TransferWise to do the transfer, and the money was on my account within one day.

As for all platforms, I also tried to withdraw money. Everything went fine on this side, and I had my money back within 2 days.

My Results so Far With Debitum

Let's now dive more into the results that I got so far on the Debitum platform. I started investing back in December 2018 with just 250 Euros to try out the platform. Here are my current results as I wrote this review (June 2019):

Review of the Peer-to-Peer Lending Platform Debitum (Updated 2019)

From those early results, I can say that Debitum delivers exactly as expected - with a nice return rate above 10%, and no loans that went to default at the moment. If I keep getting consistent results on the platform, I will definitely add more money on it in the future.

Should You Invest On Debitum?

Overall, I can say that I really like the Debitum platform. It is straightforward, very easy to use Peer-to-Peer lending platform, with very decent interests rates. It has all the features that you would want from such a platform: buyback guarantee on most of the loans, a great auto-invest function, and a very nice user interface. Add to that a great team that is always ready to help. They could have more loans & more loans originators on the platform, but I am sure this is something that will be fixed in the future. Therefore, I really recommend Debitum as a position in any Peer-to-Peer lending portfolio.