Viainvest review – it’s a well-functioning P2P platform with + 11% in return
Viainvest review 2019…
I closely follow Viainvest and I plan to invest in the future. Below is my Viainvest review of their P2P lending platform. I update continuously.
What kind of returns can I expect?
The loans are mostly short-term (30 days) and the interest rate offered is up to +11-12%.
Minimum investment in one loan is 10 euro which is very normal.
The sign-up process
When you sign up you just need to provide basic information about yourself and passport/ID number.
To use the platform you must be 18 years old and they accept money transfers from bank accounts from Europe (also Norway, Iceland, Liechtenstein, and Switzerland).
You need to provide valid documents (passport or identification card) for complete registration.
To transfer money I always use my Transferwise account to reduce fees. You can also just make a bank transfer (SEPA) but usually, it cost a bit more.
6 facts about Viainvest
- The platform started in 2016.
- The company is located in Riga, Latvia.
- They have their own loan originators on the platform (VIA SMS Group and daughter companies).
- +7300 investors have joined the platform.
- All loans are pre-funded and with 100% buyback guarantee
- The average interest rate is +11-12%
The platform is easy to understand and use.
Viainvest offers private investors access to the non-banking lending sector through this process:
Viainvest is owned by VIA SMS Group, which has issued consumer loans since 2009, to private individuals, in several EU countries (Latvia, Sweden, Czech Republic, Poland, and Spain). They have 157 employees in the company.
All loans on the platform are short-term and have a buy-back guarantee.
There is no secondary market where investors can sell investments internally but VIA SMS Group itself holds a 5% investment in all loans (skin in the game).
It’s certainly very good and indicates that they also have an interest in minimizing the number of bad borrowers.
It’s very important that you submit a “Tax Certificate” to Viainvest.
They will automatically pay tax on your crowdlending income in Estonia if you don’t report your taxation.
No risk rating is available, but they provide great information about the borrower.
On Viainvest is the availability of loans is good.
More than 500 last time I checked.
Viainvest on social media
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