With October behind us, it’s time for my latest P2P lending income update!
As usual, I am going to show you exactly how much I invested on each peer to peer lending platform, my deposits and withdrawals, as well as my returns for the month.
P2P Lending Income – October 2019 Overview
Taking a closer look at my P2P returns
My monthly income from P2P lending is still on the way up! I reached a new passive income record of 319,11€ (+36,72€) in October.
As a result, I reached 21,3% (+2,5%) of my first goal, 1.500€ monthly passive income from investments.
Let’s take a look at how each crowdlending platform performed last month.
My Envestio income increased a bit, to 67,32€ (+0,31€) last month.
On October 18th, I got a bit impatient waiting for new projects, so I withdrew 490,97€, which I then split between the available projects on Monethera and Wisefund.
As luck would have it, Envestio published several loans with interest rates up to 20% just a couple of days later and ultimately ended up publishing 6 projects in total by the end of the month.
Either way, now I’m fully invested again. Hopefully they’re able to better spread out their projects over the course of November.
I earned 29,75€ (+0,53€) in interest on Iuvo Group last month.
The AutoInvest keeps reliably reinvesting my funds into loans with 13-15% interest per year, without me needing to spend any time on my investment, which I appreciate.
- Don’t forget to take advantage of the 30-90€ Refer-a-friend Bonus, if you’re interested in Iuvo Group.
- My Iuvo Group review
Surprisingly, even though the available interest rates on Mintos have been decreasing over the past couple of months, my income from the platform reached another record high of 91,8€ (+8,07€) in October!
My IRR on Mintos slightly increased and is now sitting at a respectable 12,98% (+0,23%).
It seems as though the tides are slowly turning as far as interest rates on Mintos are concerned.
I noticed more loans being offered at 11%-12% interest over the past couple of days, which is a couple of percentage points higher than just a couple of weeks ago.
Mintos Invest & Access
I earned 7,82€ (-3,02€) in interest on Mintos Invest & Access last month, likely because the average interest rate in my Invest & Access portfolio is now around 2% lower than it was back in June.
My IRR on Invest & Access also decreased as a result, to 10,16% (-0,24%).
If you’re curious about why I opened an Invest & Access account in the first place:
Bondora Go & Grow
I received 5,68€ (+0,22€) in interest on Bondora Go & Grow last month.
Bondora Go & Grow is still my favorite platform for short-term investments in P2P lending, because I’m able to withdraw the full amount of my deposit, including interest if I want to (-1€ flat withdrawal fee).
My Grupeer income climbed to 31,03€ (+1,14€) last month.
The Grupeer team also kept its promise and published the company’s financial statement for 2018.
As expected and as they mentioned in recent interviews, Grupeer isn’t profitable yet. Nonetheless, I think this is a step in the right direction as far as transparency is concerned.
Grupeer also published its own set of ratings for loan originators on the platform, ranging from A (Finsputnik Platforma) to E (Monify), which I found quite interesting.
I received 40,06€ (+12,92€) in interest on Crowdestor in October.
I received 19,43€ (+5,43€) in interest on Monethera last month.
Monethera is adding new, high-interest projects on a regular basis. All payments arrived on time so far.
As a result, I added 250€ to my Monethera account on October 21st.
Not only that, I’m happy to share that my first loan, Transportation of lumber with an interest rate of 21,1% per year, has been fully repaid:
I received 22,24€ (+7,14€) in income on Wisefund in October.
Like Monethera, Wisefund offers short-term business loans with high interest rates and a buyback guarantee.
I added an additional 250€ to my Wisefund account on October 19th.
While Wisefund is still a young platform that has to prove itself in the long run, all interest payments arrived on time so far.
I’m expecting my first full loan repayment on November 8th, I’ll keep you updated!
After making my first deposit of 1.000€ on October 2nd, I added an extra 500€ to my account on October 11th.
Since I just added Swaper, I only earned 0,89€ in interest so far.
I also made my first 1.500€ investment on Viainvest on October 11th.
Among other things, I was intrigued by the company’s transparency, its profitability over several years and some of the loans that are offered on the platform, which are hard to find anywhere else (eg. Swedish loans at 11% interest and a buyback guarantee).
I received 3,09€ in interest on Viainvest last month.
I love that I’m able to see accumulated interest (interest that hasn’t been paid out yet) in addition to paid interest on Viainvest. I wish all platforms had that feature!
- You can now get a 10€ Bonus after investing 50€ or more on Viainvest by using my link.
- Swaper and Viainvest – Why I added them to my P2P Portfolio
That’s it for my latest monthly update! I hope you enjoyed reading it and had a beautiful month as well.
You might find this useful as well:
Video of the article
- My Investment Tools
A list containing all my investments in P2P Lending, the brokerage accounts I use to buy ETFs, my speculative investments in Bitcoin and my free bank accounts. It even includes the tools I use for blogging and YouTube.
- P2P Bonus Offers
A collection of all the best, currently available bonus and cashback offers in the P2P lending space. Regularly updated.
Disclaimer: Investing involves risks of losses. You should always do your own research before investing into anything. Also, some of the links are affiliate links, which help support me, the website & YouTube channel. I only link to services I use myself, none of them are sponsored.