EstateGuru Reveals that its P2P Lending Platform Saw Investors Finance €21.5M Worth of Loans in March 2021, a New Record

EstateGuru, an Estonia-based peer-to-peer lender facilitating secured loans, notes that in March 2021, their investors were able to finance €21.5M worth of loans which is “a new record” on their platform. The German market was notably the largest contributor with €8,3M, followed by Estonia with €5.2M, according to EstateGuru’s latest loan portfolio overview report.

The report, which was published on April 12, 2021, reveals that the repayment amount in March 2021 was €9.1M (a “total of 92 loans with an average return of 11.0%”). The report added that this was more than 2 times lower than the sales volume, and consequently the platform’s investors’ outstanding loan portfolio “reached a new height of €140M.”

The EstateGuru team further noted:

“We are waiting for the repayment of two defaulted loans in Estonia (total of €0.3M) where successful auctions have been concluded. In Latvia, we have received partial repayments on several loans and are waiting for the last instalments, expected in the next two months, to fully recover the loans. In Finland, we are conducting negotiations with potential investors who are interested in buying the claims of our two defaulted loans. The default rate increased by 0.7 percentage points, mainly due to two Latvian borrowers, and is currently at 8.4%.”

While sharing other key stats and data, the EstateGuru team noted:

  • Total financed loans since 2014      – 340.8 Million Euros
  • Total Repaid loans since 2014         – 196.8 Million Euros
  • Total outstanding portfolio –            – 143.9 Million Euros
  • Total outstanding defaulted loans   – 12.1 Million Euros

They also confirmed:

  • Total number of outstanding defaulted loans   – 90
  • Default Rate (Outstanding loans)                       – 8.4%
  • Default Rate (total Financed loans)                   – 4.0%
  • Total amount of Recovered loans                       – 8.8 Million Euros
  • Total number of Recovered loans                       – 54
  • Average return rate of recovered loans             – 9.9%
  • Average time from default to recovery             – 8 months

Andres Luts from EstateGuru recently revealed how the P2P lender leverages technology and human expertise to be “ultra-efficient.”

In another recent update, the EstateGuru team revealed that they’ve released some new features that are “specifically engineered to save you loads of time and make managing your portfolio easier.”

EstateGuru writes in a blog post that if you are an active participant in their Secondary Market, you’ll “love this change.” For more details, check here.

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