Upload your document, sign application and make authentication payment from your bank account. After that, when you own a company, you can also invest through the account of a company by filling a company investment application and making an authentication payment from the company's account.
Transfer money to your account in the portal and start investing.
Configure Autoinvest according to your parameters to set system making investments automatically. Pick loans manually from loan auction list for investments.
You can configure the notifications sent to you to keep eye on your portfolio. Adjust Autoinvest settings if the bidding frequency is not as it is desired.
SAVERS have never had a worse deal but for most borrowers, credit is scarce and costly. That seeming paradox attracts new businesses, free of the bad balance sheets, high costs and dreadful reputations which burden most conventional banks.
Foremost among the newcomers are peer-to-peer (P2P) lending platforms, which match borrowers and lenders directly, usually via online auctions. The loans issued often comprise of many tiny slivers from different lenders. Some P2P platforms slice, dice and package the loans; others allow lenders to pick them. Either way, the result is a strikingly better deal for both sides. Zopa, a British P2P platform, offers 4.9% to lenders (most bank accounts pay nothing) and typically charges 5.6% on a personal loan (which is competitive with the rates most banks charge).
The Economist 1.05.2014
Peer-to-peer lending, sometimes abbreviated to P2P lending, is the practice of lending money to individuals or businesses through online services that matches lenders directly with borrowers. Since the peer-to-peer lending companies offering these services operate entirely online, they can run with lower overhead and provide the service more cheaply than traditional financial institutions. As a result, lenders often earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making platform and credit checking the borrower.
The interest rates can be set by lenders who compete for the lowest rate on the reverse auction model or fixed by the intermediary company on the basis of an analysis of the borrower's credit. The lender's investment in the loan is not protected by any government guarantee.
The Monestro team is not big but some of our members have been involved with banking and the financial market since 1992. Experience throughout several economic cycles has given us the confidence to develop a newer approach to financial services.
Our vision is to become a modern marketplace covering a wide spectrum of financial services for private individuals and SMEs. In 10 years to be a dominant marketplace in Europe.
In some other areas of business the new models of community initiative and sharing have been accepted and are well established (taxi/ride sharing, hotels/short term property rent). We believe that in the financial industry new business models will also have their place in the coming years.
Our mission is to make investing and getting financing affordable and simple. We work to make investing in consumer loans easy and controllable. We give the community the possibility to set risk-pricing trends.