Create an account Log In Invest How It Works Loan Originators Statistics About Us FAQ Blog FAQ Getting Started Adding funds Investing Investing in other currencies Auto Invest About loans Withdrawals Security What is Mintos? Currently, Mintos is the leading peer-to-peer lending marketplace in continental Europe that connects investors with borrowers of various loan originators from around the world. It is an easy and transparent alternative to the traditional banking system. At Mintos, both retail and institutional investors can invest in fractions of loans originated across different continents and loan types. Currently, we offer the opportunity to invest in mortgage loans, personal unsecured loans, secured car loans, invoices, and small business loans. By connecting to the Mintos marketplace, loan originators get instant access to investors that are looking to purchase loans. How do I create an account? It is very easy. All you need to do is fill out our registration form here. How do I transfer money to my account? You can transfer money to your Mintos account from your bank or e-money account. Transfers in EUR can be done easily and at low cost using SEPA (Single Euro Payments Area) transfers. If you have money in currency other than EUR, you can transfer it using money transfer service. You can find a full list of deposit options here. Who can invest? Both individuals and entities can invest through Mintos. Individual investors must be at least 18 years old, have a bank account in the European Union or third countries currently considered to have AML/CFT systems equivalent to the EU, and have their identity successfully verified by Mintos. Family trusts, partnerships, limited liability companies and other organizations must have a bank account and be registered in the EU or third countries currently considered to have AML/CFT systems equivalent to the EU. Can companies invest? Yes, companies can invest through Mintos. To comply with AML requirements, we request additional information from companies, such as registration documents, information about ultimate beneficial owners, identification of a company representative, as well as any other documentation deemed necessary in each case. How safe are investments? As with any investment, there are some risks. The biggest risk is associated with possible credit losses from investments. The following measures have been taken by Mintos and loan originators to mitigate the risk: 1. All loans are issued according to the established policies of the loan originators, which take into account the borrower's ability to repay the loan. 2. For certain types of loans (e.g. mortgage loans or vehicle loans), the client has offered collateral to be used to recover the loan in the case of default, thereby lowering credit loss risk. 3. For certain loans (e.g. business loans), other credit enhancements are obtained, such as a personal guarantee. 4. For certain loans, the loan originator has provided a buyback guarantee, which means that if the loan is delayed by more than 60 days, the loan originator repurchases the investment for the nominal value of the principal and the accrued interest till the date of repurchase. Investors can mitigate risks by diversifying - making fractional investments in several loans across different borrowers, loan types, loan originators, and geographies. How is income taxed? The income earned at Mintos is taxed for each investor based on legislation of the respective country where the investor is a tax resident. As laws vary in each country, please consult an appropriate revenue service or a tax specialist for more information. Each investor can receive extensive information necessary for tax returns when logged into their Mintos investor account. Below you can find more information about tax implications for tax residents of selected countries. The information provided does not constitute tax advice. All investors should seek independent tax advice. Latvian - Individuals Latvian - Companies German - Individuals Estonian - Private Individuals What fees are applicable? Investing through Mintos is free of charge. There are no fees for opening an investor account and no fees for depositing or withdrawing funds. There is also no service fee, or any other fee charged to investors. What is the minimum amount that can be invested? The minimum investment in any single loan on the primary market is EUR 10, DKK 80, GEL 25, PLN 50, GBP 10, SEK 100, RON 50, RUB 700 or CZK 300. There is no minimum for investments in the secondary market. How long is invested money "locked-in"? You will receive invested money as defined in each loan payment schedule, which depends on the loan term and loan amortisation method. If you would like to get your money back faster than it is scheduled, you can sell your investment in the secondary market. The secondary market allows you to add a premium or discount to your investment sale. You can read more about this in the FAQ Investing section. How much time is needed to manage investments? It depends on your investment style. You can use a passive investment style and make investments through Auto Invest, in which case you only need to determine Auto Invest configurations and the amount of your time devoted to choosing investments is minimal. If you want to employ a more active investment style and pick each investment individually, the time necessary will depend on the number of your investments. What happens if Mintos folds? In the unlikely event of Mintos folding, investors will be given full information from the Mintos database on the transactions they have concluded within the framework of the marketplace. The Mintos liquidator or administrator will take all necessary actions to transfer the servicing of all loans and investments to an appropriate manager. In order to ensure the implementation of the aforementioned provision, Mintos and the law firm FORT have entered into a contract of bailment under which each month Mintos transfers data media containing all current data from Mintos to FORT, which accepts the data for storage. What happens if a loan originator goes out of business? In the unlikely event that a loan originator goes out of business, we have put in place arrangements to ensure that investors continue to receive payments on the loans in which they have invested in through the Mintos marketplace. On Mintos, there are two types of loans - loans with the Direct and Indirect Structure. You can select which loan types you would like to invest in using the “Investment Structure” filter on the Primary and Secondary Market. Direct Structure When you invest in a loan, you are buying claim rights against the borrower based on an assignment agreement. Borrowers make payments on their loans to the respective loan originator, and in turn, the loan originator and Mintos distribute payments to investors. In the event that a loan originator fails or becomes insolvent, assignment agreements would remain in place and be unaffected. As per the assignment agreement and cooperation agreement with Mintos, in the event of the insolvency of the loan originator, Mintos as a representative of the investor, would take over the management of the claim from the loan originator and recall authorisation of the investor to the loan originator or implement another strategy which would be to the best benefit of the investor. This means, the loan originator would no longer be managing the borrowers payments. After having taken over the management of the claim from the loan originator, Mintos would be entitled to transfer the management of the claim to any third party at Mintos’ discretion. This means that Mintos as a representative of the investor would inform the borrower of the assignment and direct continued payments to Mintos or any third party at Mintos discretion. The transition from the loan originator servicing its payments to Mintos taking over this process may not happen immediately. The length of time for the transition depends on the legal obligations of the loan originator. Indirect Structure For loans under the Indirect Structure, the direct claim is against the loan originator and not the borrower and the underlying loans issued to the borrowers are pledged in the name of the respective Mintos company. If the loan originator becomes bankrupt, we have agreements in place with the loan originator and also a commercial pledge which ensures investors on Mintos will be the first to receive payments from bankruptcy assets. In this situation, Mintos will be involved closely in the legal proceedings and all funds received from the loan originator will be divided proportionally to their investments among investors. The time it will take for investors to get the borrower’s repayments returned depends on the legal proceedings and other external factors of the loan originator. You can find which loan structure loan originators on Mintos use here Cookies help us to ensure that you get the best experience using our services. By using the portal you agree that you are aware of the use of cookies. Learn more.I agree For Investors For Lending Companies Affiliate Program Invest Getting Started Loan Originators Primary Market Secondary Market Statistics Investor Protection Fees Company About Us How It Works Investor Relations Careers Media Center Blog Help & Support +44 157 893 0033 +43 720 884 044 +371 66 164 466 +371 66 164 488 +420 538 880 188 +48 22 124 41 00 +34 518 899 677 support@mintos.com FAQ Follow Mintos Facebook Twitter LinkedIn YouTube Mintos Office AS Mintos Marketplace Reg. No. 40103903643 Skanstes 50 Riga, LV-1013 Latvia Member of User Agreement Privacy policy Refer-a-Friend T&C © 2018 All rights reserved By using our website you agree to the use of cookies in accordance with our cookies policy. English Český Deutsch Español Latviešu Polski Русский