Here at Bondora, we offer unsecured personal loans to our borrowers. And you may be wondering what an unsecured loan means. Keep watching to find out. A secured loan is a loan backed by collateral. The most common types of secured loans are mortgages and car loans, and in these instances, the collateral is the…
After a slow June, our collection and recovery figures rebounded as anticipated. The number of recovered loans, as well as the total cash recovered, increased. The total recovered cash also climbed to exceed €1 million once again! Read more: The count of loans grew by 0.5% to 79,395 loans in July. And the cash total…
‘The silent killer of money’—a synonym for inflation, and enough reason to want to overcome it. And there’s a good reason for it. If left unchecked, inflation can erode the value of your euro, meaning everything you buy becomes more expensive. Ordinarily, a little inflation – roughly 2% annually – is a normal part of…
Our investors had a possibility to ask our CEO Pärtel Tomberg any question, which they found important about our product and the company on our Facebook page. We thank you all for the meaningful questions. Please find Pärtel’s answers below. Q1 Dear Pärtel Running a peer-to-peer lending site is definitely a hard thing to do. Every day…
Today we are speaking about Bondora portfolio returns and introducing the changes, requested by the investment community. Please scroll down for more information. New Bondora milestones We are happy to announce that Bondora has reached 2 new milestones: 20 million EUR issued in loans to borrowers 2.6 million EUR paid out in interest to investors…
On June 18th P2P Finance Association announced that their members will be using a standard way to calculate default rates to help consumers compare the performance of the portfolios on different platforms. In short, the new standards consider a loan default when it has been overdue for at least 120 days. You can read more…
The Peer-to-Peer Finance Association (P2PFA) guidelines consider that a loan defaults after any portion of the loan is not repaid after 120 days following the original loan repayment date. We have a more conservative approach and consider a loan defaulted when a borrower has missed a scheduled payment by more than 60 days (or, in other…
Today we are writing about the default rate and the recovery rate of the defaulted loans. How is the default rate calculated? Some of you have asked us different questions about the default rate. In order to answer them, we first need to give a definition of the default rate. In our case, a loan…
If you are new to Bondora, it may be unclear how to set up your first portfolio manager. Should there be more than one portfolio manager? What criteria should you select? What does “portfolio limit” mean? Today we will explain what to look for when setting up your portfolio manager and start your automated investments….
Low diversification leads to higher risks Loan diversification, as mentioned before, is one of the main investment strategies in peer-lending to reduce investment risks. Even though it is possible to invest manually without any limits, it is always recommended to diversify between a number of loans, making small investments into each. For example: if you…
We are happy to announce that Bondora has now received a peer-to-peer lending license from the UK Financial Conduct Authority (FCA). The FCA-supervised peer-to-peer lending license is the only license available in Europe, which subjects peer-lenders to regulatory oversight. Bondora is one of a few peer-lenders currently operating under such license. The interim license increases…
We are glad to welcome you at Bondora, a new international trademark for isePankur. isePankur’s rapid development in the past 5 years left no room for the brand to accommodate our cross-border expansion. Like isePankur, Bondora continues to be a platform where you can invest into loans, previously accessible to banks and large financial institutions…
Some of the investors have enquired about the differences in recovery rates for different levels of debt-to-income. To explore this topic, we took a look at different timeframes (2011, 2012, 2013) and discovered a tendency for no visible negative affect of the DTI level on recovery rates.* The chart below shows all recoveries and re-performing…