- 100% buyback guarantee
- 11-13% in return
- Successful and healthy company
My updated PeerBerry review 2020
I update my personal PeerBerry review and investment ongoing to make sure it’s fresh.
They have a buyback guarantee on the whole platform and a simple auto-invest setup.
Let’s take a look at it 🙂
Table of contents
What is PeerBerry?
PeerBerry is a European investment platform within P2P lending. The platform is owned and operated by Aventus Group. It’s a very successful and healthy company from 2009 with +600 employees and +10 years of experience as a loan originator.
Basically, you invest in short-term loans and receive ongoing interest. Very easy – especially with the auto-invest function!
I will uncover much more about the platform but first I want to share my personal returns in 2018 and 2019.
My return on investment
Return on investment:
- January: +1,02%
- February: +0,94%
- March: +0,96%
- April: +0,92%
- May: +1,26%
- June: +1,15%
- July: +0,92%
- August: +0,94%
- September: +0,90%
- October: +0,91%
- November: +1,01%
- December: +0,90%
Return on investment:
- May: Started investing
- June: +0,10% (transfer costs deducted)
- July: +0,90%
- August: +1,08%
- September: +1,11%
- October: +0,98%
- November: +1,13%
- December: +1,06%
What kind of return can I expect?
In 2019 I got a return of +11,83%. It’s very satisfying 😊
The average annual return on the platform is 11.51% which is a reasonably good return
My loans that are late
I haven’t lost any money since I started investing in 2018.
Loans that have defaulted (not been paid back) since May 2018: 0% 😎
Here is an overview of the late loans on average:
|1-15 days late||7,2%||5,9%|
|16-30 days late||1,5%||1,9%|
|31-60 days late||2,0%||2,3%|
|60+ days late||0%||0%|
My PeerBerry investment strategy and the platform itself…
Transfer money to PeerBerry
I have transferred money to my PeerBerry account through my local bank (SEPA transfer) and also twice with Transferwise. I use Transferwise because it lowers the transaction costs without any issues.
It’s very easy and my deposits went through within 1-2 days.
You can transfer money in all currencies but they will convert it to EUR according to the Swedbank currency exchange rates.
I recommend that you just sent it in EUR from your bank. Withdrawals can only be requested in EUR.
My auto invest setup
Inside the platform, I only have one auto-invest setup because all loans basically are the same. They are all short-term consumer loans with a buyback guarantee.
This is my settings:
- Maximum investment in one loan: € 30.00
- Currency: € (EUR)
- From 11-25%
- Remaining loan term (days): 1 – 365
- Remaining principal amount: 1.00€ – 3000.00€
- Reinvest: Yes
- Loan status: Current
- Country: Lithuania, Poland, Czech Republic, Kazakhstan, Russia, Belarus, Republic of Moldova, and Ukraine.
- Loan originators: All
- Buyback Guarantee: Yes
7 quick facts about PeerBerry
- The platform started in October 2017
- The company is located in Latvia, Europe.
- +17,300 investors have joined the marketplace already.
- 23 loan originators on the platform and they are growing
- Only loans with 100% buyback guarantee
- +11-13% interest rate
- In less than 1 year since the launch, they have reached 22 million euros loans financed through the marketplace.
Okay. Let’s look more into this PeerBerry review… 🙂
They actually started offering loans at Mintos, but instead, they chose to start their own platform.
The platform has a very simple style and easy to understand interface.
The sign-up process
When you sign up you just need to provide basic information about yourself.
To use the platform you must be 18 years old and come from Europe, Switzerland, Russia or Ukraine.
The P2P lending investment
The minimal amount to invest in one loan is EUR 10 and as soon as the money is in the account you can start invest.
Most loans are short-term consumer loans. Usually between 12-34 days.
The good thing about short-term loans is that you can easily access your money as the maturity of loans is around 30 days.
The interest rate offered is approx +10-13%. It’s on average 11,53%.
They have introduced a loyalty program you can join after 90 days as an investor.
Then you receive more in return because you invest more. This is the conditions:
Silver investor: Invest minimum 10.000 EUR and get +0,5% for future investments.
Gold investor: Invest minimum 25.000 EUR and get +0,75% for future investments.
Platinum investor: Invest minimum 40.000 EUR and get +1% for future investments.
All loans have a 100% buyback guarantee. If the lender can not pay, the loan company repurchases the debt. It’s really great that they have this high standard to protect the investors.
No risk rating is available, but some general background information about the borrower is offered.
All loans have some basic information such as loan amount, interest rate, term, country of issuance, and borrower details – age, gender, number of loans taken, the date when borrower became a customer of the loan originator.
The availability of loans is fine. My investment is reinvested almost immediately the same day.
There is no secondary market. On the other hand, all loans are short, so you don’t get stuck in some years of commitment.
Peerberry sends no information to any Tax Agency or deducts taxes. You must do it yourself in your country.