Peer to peer lender Viainvest has circulated an email indicating they have established “one interest rate for all loan originators.” Currently, the interest rate is pegged at 11%.
Viainvest, part of the Via SMS Group, is based in Riga, Latvia. The company currently offers small consumer loans in seven European countries: Sweden, Latvia, Poland, Czech Republic, Romania, and Spain.
To date, Viainvest reports over €91 million in originated loans with an average annualized interest rate of 128%. The average size of a loan stands at €367. Non-performing loans represent 7.2% of the portfolio.
On the investor side, there are currently 10,531 registered investors with an average deposit of €4127 and an average interest rate of 10.5%. Monthly statistics are available here.
“Yes, you read it right! We have recently decided to introduce the same annual interest rate for all of our loan originators listed on the platform, which means that all loans published on the platform starting from 13.06.2019 are available for investments with a 11% interest rate! This will lead to easier investment decisions and higher average return for our investors. The loans issued before 13.06.2019 will remain on the platform with the previous interest rates until full loan closing.”
The online lender also said it will now start accepting deposits from non bank payment services. Currently, Viainvest only accepts Euros. Some loans have a buyback guarantee.
The company has also announced the issuance of bonds by their parent company VIA SMS Group. These are available for investment on the platform as well.
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