What is a very good trend and I approve it, there are always more and more p2p companies with guarantees. When we started couple of years ago with Bondora and Žltý Melón and so on, which had nothing, today, every new p2p comes with some sort of guarantee. We have buybacks, paybacks and many other types of defaults repurchasing. Just go and take a look at what interest do we have as investors from these loans, and what interest rate do they ask from the borrower and everything becomes clear. Most of the time we are investing in microloans and consumer credit in which companies are getting a number of times the interest they are paying to us. I am also not talking about fees and other “non interest income”. That’s the way they cover the loss on defaults and also can repurchase our defaults. That’s also the case of Fast Invest.
So let’s take a look at very well functioning p2p with guarantees, Fast Invest. It has couple of differences in it comparing to competition, but in a very good way. You will see, why. I am introducing it on this site only now, but I am investing there for a more than a year and it functions from 2015. So it isn’t a newbie and numbers are showing, why. It is Lithuanian company, but their main building is in London. Maybe that is why they are restricting investing into Baltic countries.
This picture should be quite understandable for you, if you are not new to p2p investing. If you are, take a look Here.
Company offers investing into loans from countries like Poland, Spain, Denmark and England. Interest rate for investors is between 9% – 16% p.a., which is very nice value. All of the lines are covered with Default guarantee and Buyback. And this is where it is a little bit different from competition. These expressions mean something other in Fast Invest. Buyback is something like a Secondary market for them. They are not really having such a thing, but they can buy every loan from you at any time you choose. You will lose your interest, but your money are totally liquidate, which means you can withdraw anytime. Default guarantee is for them what is normally Buyback guarantee, which means, repurchasing default loans. But this is also absolutely better here. Loan becomes default right after 3! days of late payment of installment. At that time they are purchasing the loan and you have free money to invest further. You can invest in currency EUR and PLN.
This is certainly my one of the top 5 p2p investments, that I currently have. Interest is very nice, everything works as it should and capital is growing practically everyday. I am investing nearly only into interest 15%+ and there is no problem with that. There are a lot of these loans. I opened also investing with polish zloty and they have also interesting money appreciation. Auto invest id working and is matter of course.
Summary
- Name of the company, origin: Fast Invest, Lithuania (based London)
- Start: 2015
- Target groups of debtors: Poland, Spain, England, Denmark
- Average interest: 14%
- Minimum investment: 10€ – 10 zloty
- Repayment period: 1-12 months
- Deposit and withdraw: bank transfer SEPA
- Other: Buyback, Default guarantee, auto invest
- Site languages: EN, DE, ES, FI, PL, IT, FR
Conclusion
Strongly recommended. Comes from my opinion on this company. Considering number of loans, buyback, default guarantee, above average interest, age of the company and their position in the market and relationship with competition, there is no need to think about something. If you have a free capital, this is the right place to invest it. If you are interested in Fast Invest, register please here:
